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Nothing seems to stop the engine of oil growth in America – The Fool Motley

US oil production continued to climb relentlessly last month, dropping from 90,000 barrels a day to an average of 12 million barrels a day, according to the US Energy Information Administration. This should lead the United States to produce 12.4… Continue Reading →

Nothing seems to stop the engine of oil growth in America – The Fool Motley

US oil production continued to climb relentlessly last month, dropping from 90,000 barrels a day to an average of 12 million barrels a day, according to the US Energy Information Administration. This should lead the United States to produce 12.4… Continue Reading →

Buffett's Canadian oil wager is not a rallying cry for fractional investors

Warren Buffett appearing in your share register can be a bittersweet affair. It confers some halo around your stock but also brings confirmation that he had gone to a dark place. That's how to read the recently disclosed stake of… Continue Reading →

Goldman Sachs said the shock and fear of OPEC would drive up oil

Goldman Sachs Group Inc. doubles its bullish forecast for oil. The bank still expects Brent crude to reach $ 67.50 a barrel next quarter, due to strong restrictions in demand and supply from OPEC and its allies such as Russia,… Continue Reading →

OPEC significantly reduces oil supplies, but is expected to face headwinds of 2019

OPEC said Tuesday it has significantly reduced oil production as part of a global supply agreement, although efforts to prevent an overabundance this year include weaker demand and a lack of demand. rival production more important, have been countered. In… Continue Reading →

Saudi Arabia would need oil at $ 80 or $ 85 per barrel to balance its budget – IMF official

The leading oil exporter, Saudi Arabia, would need oil sold between $ 80 and $ 85 a barrel to balance its budget this year, said a senior official of the International Monetary Fund. Riyadh's break-even oil price depends on several… Continue Reading →

With Iran squeezed out, US oil is attacking new rivals in Europe

When the global oil trade industry gathered for its largest annual meeting in Asia last September, the US oil producing companies are well prepared. The US giant Exxon Mobil and its European rival Royal Dutch / Shell have prepared for… Continue Reading →

UAE Invests in Refining, Petrochemical Projects and Oil Storage in India

The UAE, rich in oil, said Monday that they planned to invest more in refining and petrochemical projects, as well as storing more crude in India. Abu Dhabi National Oil Co (ADNOC) of the United Arab Emirates and partner Saudi… Continue Reading →

UAE Invests in Refining, Petrochemical Projects and Oil Storage in India

The UAE, rich in oil, said Monday that they planned to invest more in refining and petrochemical projects, as well as storing more crude in India. Abu Dhabi National Oil Co (ADNOC) of the United Arab Emirates and partner Saudi… Continue Reading →

The government is preparing to unblock ONGC and oil

BIG NOIDA (UP): The government plans to offer PSUs special incentives for natural gas discoveries in difficult and unsustainable areas will help increase India's natural gas production as it will help Unlocking the production of a dozen deposits belonging to… Continue Reading →

The government is preparing to unblock ONGC and oil

BIG NOIDA (UP): The government plans to offer PSUs special incentives for natural gas discoveries in difficult and unsustainable areas will help increase India's natural gas production as it will help Unlocking the production of a dozen deposits belonging to… Continue Reading →

The opposition in Venezuela is planning a US fund to secure oil money

Venezuela's opposition revealed Wednesday a crucial step in the search for funding to dislodge President Nicolas Maduro, the opening of a US fund to receive oil revenues, and criticized the sales of gold to the United States. foreign government. The… Continue Reading →

The loss of Venezuelan oil exports will not leave a huge gap in the global market

There are many unused capacities of other oil producers and strategic reserves to offset the loss of Venezuelan crude exports, which helps explain the lukewarm reaction of world oil prices to US sanctions announced a week ago. Venezuela exports about… Continue Reading →

APNewsBreak: The US is going ahead with oil leases near Sacred Park

US land managers will start selling oil and gas leases in March that include land near the Chaco National Historic Park and other sacred sites of Native American tribes. The sale comes as congressional Democrats, tribal leaders and environmentalists blame… Continue Reading →

World oil industry prepares for turmoil caused by US crackdown on Venezuela

More than 24 hours after the United States announced large-scale sanctions against Venezuela's national oil company, trading companies and refiners were still deciphering the prohibited measures. The sanctions, announced Monday, aim to expel President Nicolas Maduro from power, the most… Continue Reading →

Oil stocks to watch for gains: HP, CLB, HES, MUR – January 29, 2019

As of January 25, 2011, fourth quarter results were disclosed by S & P 500 members, representing 27.6% of the index's total market capitalization. Companies posted earnings growth of 12.4% year-over-year, with revenues up 6.5%. Of the S & P… Continue Reading →

World oil prices rise as US sanctions crude sales in Venezuela to pressure Maduro

World oil prices rose on Tuesday as investors reacted to the US State Department's decision to sanction the sale of Venezuelan crude to the US in order to pressure President Nicolas Maduro so that he cedes power to his rival,… Continue Reading →

World oil prices rise as US sanctions crude sales in Venezuela to pressure Maduro

World oil prices rose on Tuesday as investors reacted to the US State Department's decision to sanction the sale of Venezuelan crude to the US in order to pressure President Nicolas Maduro so that he cedes power to his rival,… Continue Reading →

United States imposes sanctions on Venezuelan state oil company PDVSA

President Donald Trump on Monday sanctioned the Venezuelan state oil company PDVSA and its central bank, in an effort to put pressure on the regime of President Nicolas Maduro. National Security Adviser John Bolton urged the Venezuelan army to accept… Continue Reading →

Russia confirms its position as the leading supplier of crude oil in China and abstains from Saudi Arabia

Russia became China's leading supplier of crude oil in December, consolidating first place for 2018 for the third consecutive year in Saudi Arabia, customs data revealed on Friday. Imports from Russia reached 7.04 million tonnes, or 1.658 million barrels per… Continue Reading →

AP explains what a Venezuelan oil embargo could mean for the United States

Diplomatic relations between the United States and Venezuela have reached a new low compared to the decision of President Donald Trump to recognize the legitimate leader of the South American country's opposition as its legitimate president. But both countries have… Continue Reading →

Cracks appear in record US oil growth as shale slows for the moment

Cracks appear in the American oil machine. According to the Energy Information Administration, growth in shale oil production is slowing, next month being the weakest. Increases in the Permian Basin, the largest area, will also be the lowest in nine… Continue Reading →

US sanctions against Venezuela would divert crude oil from refineries

Potential US sanctions on Venezuela's crude oil exports would cut off the nation's Gulf Coast refiners that are among its biggest customers, probably forcing it to send more crude oil to China, India or the United States. from other Asian… Continue Reading →

Russia says oil price war with the United States would be too costly

Russia should not start an oil price war against the United States, but rather stick to cuts in production, even at the cost of a medium-term market loss, said the company. 39, one of the leading Russian architects of a… Continue Reading →

OPEC oil production is down in two years mostly in Saudi Arabia

OPEC's oil production has dropped to a minimum in almost two years. Saudi Arabia, a leading member of the General Assembly, has launched an early initiative to avoid surpluses. Production of the 14-member cartel dropped by 751,000 barrels a day… Continue Reading →

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