News

Aug

09

EIA: Continuing Downward Trend, US Crude Stockpiles Fall 6.5 Million BBL

US crude oil stockpiles are continuing on a downward trend that began during the spring.


May

15

Saudi Arabia, Russia Want Nine-Month Extension to Deal on Oil Output Cuts

The world’s two biggest crude-oil producers, Russia and Saudi Arabia, sent petroleum prices higher Monday with a joint statement that output cuts should be extended into March 2018.


Apr

13

Hilcorp Unit To Buy ConocoPhillips’ San Juan Basin Assets For Up To $3 Billion

Hilcorp San Juan LP, a partnership of Houston-based Hilcorp Energy Co. and Washington DC-based private equity firm The Carlyle Group, has agreed to acquire ConocoPhillips’ interests in the San Juan basin of northwestern New Mexico and southwestern Colorado for up to $3 billion.


Mar

10

EIA: Natural Gas Prices Are On Two-Year Upward Trend

Colder weather and increased exports will bolster natural gas prices in 2017 and 2018, the EIA forecasts in a report.


Jan

18

Exxon Bets Big on American Oil

Exxon Mobil has joined a growing list of oil producers who are expanding in the Permian Basin of Texas, betting that America’s shale boom is far from over.


Dec

30

Oil Posts 45% Rise in 2016, Biggest Annual Gain in 7 Years

Oil futures saw modest losses in the final trading session of 2016, but scored the biggest yearly rise since 2009.


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