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South Sudan oil outlook hinges on shaky peace deal, WoodMac says

JOHANNESBURG (Bloomberg) -- South Sudans optimism about restoring oil output to 350,000 bpd depends on the success of a recent peace deal and both are unlikely, according to Wood Mackenzie Ltd. Crude production fell by about two-thirds to 1......【More】

2018-11-08

Pioneer announces sale of South Texas oil assets for $132 million

DALLAS -- Pioneer Natural Resources Company has announced that it has signed a purchase and sale agreement with an undisclosed third party to sell approximately 2,900 net acres in Sinor Nest (Lower Wilcox) field for net proceeds of $132 mil......【More】

2018-11-02

Colombia plans Mexico-style oil hedge after recent volatility

BOGOTA (Bloomberg) -- Colombia is planning to hedge its oil exports to protect the government from the violent swings in revenue it suffered in recent years. The financing bill to be presented to Congress Wednesday proposes the creation of......【More】

2018-11-01

Oil trades near one-month low after U.S. crude stockpiles surge

LONDON (Bloomberg) -- Oil traded near the lowest level in a month after a bigger-than-expected gain in American stockpiles overshadowed tensions between the U.S. and Saudi Arabia over a missing critic of the kingdom. Futures fell as much as......【More】

2018-10-19

Oil falls after U.S. stockpiles swell for fourth straight week

NEW YORK (Bloomberg) -- Oil posted the biggest decline in two months after U.S. government data showed expanding crude stockpiles. Futures fell 3% in New York on Wednesday. Domestic crude inventories rose by more than twice the rate forecas......【More】

2018-10-18

100 MMbbl: The world hits daily oil, liquids record

SINGAPORE (Bloomberg) -- The world is pumping out more oil and other petroleum liquids than ever before. Global supply rose to 100.3 MMbpd in the third quarter, the International Energy Agency said Friday in its monthly oil market report. O......【More】

2018-10-15

Wildcatters still a gamble for investors despite oil's rise

JOHANNESBURG (Bloomberg) -- Higher oil prices may seem like the pot of black gold at the end of the rainbow for wildcat explorers in frontier plays. But even with talk that prices of $100/bbl could again be in sight, investors are wary befo......【More】

2018-10-12

Trump still doesn't like the price of oil, even as it falls

NEW YORK (Bloomberg) -- This time it wasnt a tweet. President Donald J. Trump is again saying oil prices are too high, even after West Texas Intermediate crude dropped from a four-year high last week. I want more energy, because I dont like......【More】

2018-10-11

Decline rates from maturing oil wells in the Permian are on the rise

NEW YORK (Bloomberg) -- Oil producers in the Permian basin and elsewhere could soon find themselves facing the oilfield equivalent of trying to walk up the down escalator. The oil industry, and particularly the Permian, is in the midst of a......【More】

2018-10-10

Saudi prince sees deal with Kuwait to restart oil fields "soon"

(Bloomberg) -- Saudi Arabias crown prince said hes getting close to striking a deal with Kuwait about two jointly owned fields that can produce half a million barrels a day of crude. We believe that we are almost close to having something w......【More】

2018-10-08