Natural Gas Futures Drop To Lowest Level In Nearly 3 Years

Natural gas futures fell on Monday to trade at their lowest level in almost three years, pressured by expectations that U.S. production may soon start to rise just as demand for the energy source slows in the so-called off season. Oil futures, meanwhile, traded a bit higher, holding ground above $57 as turmoil in Yemen […]

Oil Prices Lifted By U.S. Production Decline

Oil prices rose on Wednesday after the U.S. government’s Energy Information Administration (EIA) reported a decline in U.S. production. Brent crude for June delivery LCOc1 was up 66 cents at $62.74 a barrel by 1358 GMT, after touching an intraday low of $61.39. U.S. crude for June delivery CLc1 was up 20 cents to $56.81 […]

Trending: Opportune Shifts Oil and Gas

Fundamental changes in supply and demand have caused seismic shifts in the economics of oil and gas exploration and production. To understand how those changes will impact investors, it’s important look at how the drivers of the industry have changed. Supply and Demand For decades, oil prices were set by cartels like OPEC. But huge […]

Oil Prices ‘Will Hit Optimum Level’ As Demand Grows

Industry leaders at the World Economic Forum on East Asia have said they expect oil prices to rise further. The leaders, meeting in the Indonesian capital, Jakarta, said the long-term view was that demand for oil is growing. Oil prices are around their highest levels for the year. The price of Brent crude was at […]

Brent Rises Above $64 After Yemen Oilfield Retreat

Oil prices repaired early losses to rally above $64 on Friday due to the conflict in Yemen. Brent crude was within sight of its 2015 high reached on Thursday and has rallied 16 percent in April, supported by Yemen and the prospect that lower prices are starting to curb U.S. shale output. At 1509 GMT, […]

US Oil Ends Above $56 A Barrel, Best Close Of The Year

U.S. oil closed at its highest level of the year on Wednesday after a lower than expected build of crude oil stocks in the United States. U.S. crude oil futures closed up $3.10, or 5.8 percent, at $56.39 a barrel. That was the highest closing level since December 23, and its fourth best day for […]

IHS: Eagle Ford Completions Pending

US oil producers operating in the Eagle Ford shale in South Texas built an inventory of nearly 1,400 drilled but uncompleted (DUC) wells, said an analysis from IHS, which noted that the most promising of these wells belong to a few operators. The IHS Energy Analysis of Drilled, but Uncompleted Wells in the Eagle Ford […]

Oil Rallies On U.S. Data, Bullish EIA Monthly Report

Oil futures rallied on Tuesday and U.S. crude approached 2015 highs on strong jobs data and government forecasts for lower U.S. crude production growth and higher global demand for oil. U.S. job openings surged to a 14-year high in February the Labor Department’s monthly Job Openings and Labor Turnover Survey (JOLTS) said, helping erase oil’s […]

Oil Jumps 5 Percent On Tempered Iran View, Slower U.S. Inventory Rise

Oil prices jumped more than 5 percent on Monday as traders reassessed how quickly Iran might increase exports after a preliminary nuclear deal and anticipated that a months-long rise in U.S. crude inventories may be slowing. Brent crude’s rally followed Thursday’s nearly 4 percent tumble after Iran and six world powers announced a framework agreement […]

Colorado Sets Oil Production Record

A 60-year-old record was broken in 2014 as oil production in Colorado reached a preliminary total of nearly 83 million barrels, and the new mark is likely to stand for a while. The center of Colorado’s oil boom is Weld County, just north and east of Denver, where horizontal drilling and hydraulic fracturing have opened […]