RT @AnteroResources: More than $1B has been paid to West Virginia's local communities in taxes and more than 70,000 jobs have been created.…
Oil & Gas Journal Archive
- Inpex gains interest in Ichthys LNG project from Total
- ExxonMobil makes FID to develop West Barracouta gas project
- IEA revises downward non-OPEC supply growth forecast for 2019
- Witnesses give US House RFS quota discussion draft a frosty reception
- MARKET WATCH: NYMEX crude oil drops on OPEC unity concerns
- EIA STEO revises Brent, WTI oil-price forecasts downward for 2019
- Manchin to succeed Cantwell as Senate Energy panel’s top Democrat
- Cenovus to focus 2019 budget on Foster Creek, Christina Lake
- BOEM extends EIS comment period for proposed Beaufort Sea lease sale
- EIA: US crude inventories down 1.2 million bbl
- Marathon extends Bakken acreage with Ajax wells
- Watching Government: Carbon tax idea reappears
- Cuadrilla stops hydraulic fracturing in Bowland shale
- DEA to focus on Zama discovery with Sierra acquisition
- EPA establishes fresh renewable fuel, biomass-based diesel quotas
The light, sweet crude oil contract for May delivery rose modestly on Mar. 24 to settle just under $48/bbl on the New York market while the Brent crude contract for the same month settled under $51/bbl in London for a fourth straight trading session.
Due to a surge in oil hedges, the recent oil-price weakness will not prompt US producers to pull back on drilling, research and consulting firm Wood Mackenzie Ltd. says in its latest analysis of oil and gas hedging activity.
The light, sweet crude oil contract for May delivery fell on the New York market Mar. 27 to settle below $48/bbl. Before closing, crude oil dipped to a trading session low of $47.08/bbl, which was within 10Â¢ of a low set in November 2016.