Oil Shortages Could Push Prices All The Way To $80, Commodities Expert Says

A recent rise for the price of oil could be set to continue, according to one commodities analyst, who believes there is now a “real balancing” in the market.



Oil Up 2 Percent Despite U.S. Crude Build; Set For Best Third Quarter Since 2004

Oil prices rose nearly 2 percent on Wednesday, despite a rise in U.S. crude inventories, with the market heading for its largest third-quarter gain in 13 years after the Iraqi oil minister said OPEC and its partners were considering extending or deepening output cuts.



Old Oil Is New Again

From California’s Central Valley to the Native American lands of Oklahoma, more small- and mid-sized oil firms - many backed by private equity - are forgoing expensive shale drilling projects and opting for old-school wells instead.



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.



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.



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.

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