Oil Markets Are In For A Bumpy Ride

A Crazy Day for Oil Leaves Traders Dazed

The Sunday opening of the oil market is traditionally a sedate affair. Last Sunday was different.

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Oil Markets Are In For A Bumpy Ride

Equinor Brings Utgard Online

Equinor starts production from the Utgard gas and condensate field, which spans the Norway-UK border in the North Sea.

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Oil Markets Are In For A Bumpy Ride

Weatherford and Aramco in 5-Year Procurement Deal

Weatherford signs a 5-year corporate procurement agreement with Saudi Aramco to deliver cementation, completions, liners, solid expandables and casing exit technologies.

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Oil Markets Are In For A Bumpy Ride

Enbridge Pipeline Avoids MN Supreme Court Challenge

Enbridge’s Line 3 oil pipeline replacement and expansion project won’t face a challenge in front of the Minnesota Supreme Court from groups opposing it.

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Oil Markets Are In For A Bumpy Ride

Saudi Output Restoration Calms Market Fears

Oil stabilized on signs Saudi Arabia is quickly restoring production following a debilitating weekend attack.

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Oil Markets Are In For A Bumpy Ride

Oil Prices Backtrack on Saudi Progress Report

WTI and Brent backtracked after Saudi Aramco reported it had restored capacity at a damaged oil processing plant.

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Oil Markets Are In For A Bumpy Ride

Saudi Arabia Partially Restores Output

Saudi Arabia’s Abqaiq plant has restarted and is now processing about 2 million barrels a day, restoring just under half the output lost after the facility was damaged in an attack.

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Oil Markets Are In For A Bumpy Ride

EOG to Supply Gas to Cheniere Texas Facility

Under the gas sales agreements, EOS will sell up to 440,000 MMBtu per day.

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Oil Markets Are In For A Bumpy Ride

Global Gas Flaring Value Surpasses $16B

The value of natural gas flaring across the world has seen a substantial increase to hit a global peak of $16.4 billion this year, according to Scottish data analytics firm Brainnwave.

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Oil Markets Are In For A Bumpy Ride

Where Does Culture Matter Most in Oil and Gas?

Participants in Rigzone’s 2019 Ideal Employer Survey rank the top oil and gas industry players based on corporate culture.

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Oil Markets Are In For A Bumpy Ride

Offshore Egypt Field Starts Production

Eni reported that the Baltim South West gas field offshore Egypt has begun production in record time.

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Oil Markets Are In For A Bumpy Ride

Gasoline Pump Prices Set to Jump

The attack on an oil facility in Saudi Arabia that sent futures prices soaring Monday will likely begin filtering through to gas stations later this week, according to price tracker GasBuddy.

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Oil Markets Are In For A Bumpy Ride

Who Can Boost Supply to Offset Saudi Attack?

Here is a list of countries that could boost production to offset losses from Saudi Arabia in the event that the disruption to supplies from the attacks lasts longer than initially expected.

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Oil Markets Are In For A Bumpy Ride

Explosion at Eni Refinery

An explosion occurred this morning at one part of a gasification line at the Sannazzaro de’ Burgondi refinery in Italy.

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Oil Markets Are In For A Bumpy Ride

Saudi Outage May Test US Swing Producer Abilities

If the Saudi supply outage is sustained, we may well see a test of how well the U.S. industry can dynamically adapt to market needs.

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Oil Markets Are In For A Bumpy Ride

Oil Market Gripped by Uncertainty

Oil markets are grappling with uncertainty over how long it will take Saudi Arabia to restore output after the devastating attacks that knocked out five percent of global crude supply.

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Oil Markets Are In For A Bumpy Ride

Energy Transfer to Buy SemGroup in $5B Deal

Energy Transfer LP plans to acquire Tulsa, Okla.-based SemGroup Corp. in a deal worth about $5 billion, including debt.

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Oil Markets Are In For A Bumpy Ride

Oil Prices Surge After Attack on Saudi Facility

Oil market-watchers ponder how quickly Saudi Arabia can restore lost production.

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