News

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.


Sep

29

Economics Drove Saudi OPEC Move

Behind the kingdom’s decision to agree to production cuts was a recognition of the consequences of low oil prices.


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