Wanli Going On
NYMEX, Brent crude oil prices gain pending inventory reports
US light, sweet crude oil and Brent crude oil both gained moderately on June 13 pending release of the International Energy Agency’s monthly report and the US government’s weekly oil and products inve
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A New Company, A New Age
GE has merged Baker Hughes, a new company named Bake Hughes a GE company established. The new company will begin trading on Wednesday on the New York Stock Exchange under the stock ticker "BHGE.&
View more newsPemex plans late July restart of Salina Cruz refinery
Pemex Transformación Industrial (PTI), the processing arm of Mexico’s state-owned Petroleos Mexicanos SA, is working to restart its 330,000-b/d Antonio Dovali Jaime refinery in Salina Cruz, Oaxaca, by
View more newsEIA estimates that by 2018, the average oil price will be $ 50 / barrel
EIA now forecasts Brent crude oil spot prices to average $51/bbl in 2017 and $52/bbl in 2018. West Texas Intermediate (WTI) crude oil prices are expected to be $2/bbl lower than Brent prices in 2017 a
View more newsPermian oil producers hedging 65% of their output at $50/bbl
Crude oil-weighted operators in the Permian basin have hedged 65% of their remaining 2017 oil production at $50/bbl and 50% of their remaining gas production at $3/Mcf, according to analysis from IHS
View more newsIndonesia offers 15 oil and gas blocks to potential companies
Indonesia’s crude oil production declined over the last decade due to the natural maturation of producing oil fields combined with a slower reserve replacement rate because of decreased exploration/in
View more newsOPEC took the initiative to meet with US shale oil and gas companies
OPEC Secretary General recently said that OPEC took an active "ice breaking", meeting with major US shale oil and gas companies during the World Oil Congress in Istanbul, Turkey, was product
View more newsInternational oil prices rose on the 5th
According to Bloomberg, the US government will release 1 million barrels of oil from strategic reserves and supply oil refineries along the Gulf of Mexico. This is the first time the United States has
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