Macquarie Strategists Forecast USA Crude Inventory Build
In an oil and gas report sent to Rigzone late Monday by the Macquarie team, Macquarie strategists revealed…
Russia Mulls Tightening Budget Rule Over Slumping Oil Prices
Russia is considering changing its key budget-building mechanism in response to sliding oil revenue, in a sign the…
Sustained Domestic Demand Growth Boosts ADNOC Gas Profit
ADNOC Gas PLC on Monday reported $1.27 billion in net profit for the first quarter, up 7 percent…
BP to Supply Woodside’s Louisiana LNG
Woodside Energy Group Ltd. has tapped BP PLC for the supply of up to 640 billion cubic feet…
Afreximbank Forms $3B Fund for Africa, Caribbean Oil Import Needs
The African Export-Import Bank (Afreximbank) has launched a $3-billion financing platform to help countries in the continent and…
Macquarie Strategists See ‘Healthy USA Crude Build’ in Next EIA Report
In an oil and gas report sent to Rigzone by the Macquarie team on Thursday, Macquarie strategists outlined…
Hess Logs Lower Quarterly Profit on Weaker Oil
Hess Corp. has reported $559 million in adjusted net income for the first quarter (Q1), down about 42…
USA Crude Oil Inventories Drop Week on Week
U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), decreased by 2.7 million barrels…
Crude Dips to Two-Week Low Amid Trade War Fears
Oil declined as traders parsed economic data from the US and awaited further developments regarding President Donald Trump’s…
Energy Secretary Aims to Reassure Oil Bosses Amid Trade War
Energy Secretary Chris Wright sought to reassure US oil companies during a visit to Oklahoma, saying turmoil from…
US Eases Downhole Commingling Policy to Boost Oil Production
The United States Department of the Interior (DOI) said Thursday it has expanded the allowable pressure differential for…
Russia Oil Drilling at Fastest Pace in 5 Years as Curbs Ease
Russia’s oil producers have been drilling wells at a pace not seen in at least five years as…