Oil & Gas Journal Archive
- Sawan to succeed Brown as Shell upstream director
- Husky’s offer for MEG expires without extension
- BOEM employees work on preparing offshore lease sales during shutdown
- MARKET WATCH: NYMEX oil price gains slightly to stay above $52/bbl
- EIA: IMO regulations drive up US, global refinery runs
- EIA expects modest global oil inventory builds in 2019-20
- Baldridge elected chairman of TPA
- Rystad Energy: Offshore service market growth to outpace shale in 2019
- EIA: US crude inventories down 2.7 million bbl
- MARKET WATCH: NYMEX oil price tops $52/bbl, Brent tops $60/bbl
- Oil Search expands Alaskan portfolio
- Colorado Supreme Court reverses impact analysis requirement ruling
- MARKET WATCH: Crude oil prices fall on slowing Chinese economic indicators
- Congress should end newly relaxed LNG export regulation
- IEA revises downward non-OPEC supply growth forecast
The light, sweet crude oil price for February rose for a ninth consecutive day on Jan 10, settling above $52/bbl. That was a 4-week high on the New York futures market and the longest gain in 9 years, which analysts attributed to lessening concerns about oil oversupply amid weaker demand.
Husky Energy Inc. is undertaking a strategic review that could result in the potential sale of its Canadian retail and commercial fuels business, which includes the 12,000-b/d refinery in Prince George, BC.
The Federal Reserve Bank of Kansas City’s fourth-quarter Energy Survey revealed that Tenth District energy activity declined moderately, and expectations for future activity also turned negative.
Saudi Arabia reported that it now holds 268.5 billion bbl of proved crude oil reserves—a figure higher than the previously reported 266.3 billion bbl. Saudi Arabia’s Energy Ministry also revised upward the country’s natural gas reserves to 325.1 tscf as of yearend 2017.