Jeff Gundlach didn't choose just any oil ETF for his bet that energy stocks will outperform amid crude rally. He chose the XOP oil and gas ETF for a reason.
In advance of Earth Day, and on the eighth anniversary of the BP Horizon disaster, it's time to admit off-shore oil drilling is just too risky, says Peg Howell.
The OPEC-Russia alliance is not ready to give up its renewed power to increase oil prices, says leading analyst Dan Yergin.
China's shale gas production is poised to double in two years as drillers fine tune homegrown techniques, Wood Mackenzie forecasts.
*Tycoon John Fredriksen to remain "anchor shareholder". OSLO, April 18- Offshore oil driller Seadrill plans to emerge from Chapter 11 bankruptcy in late June or early July to catch the rising wave of rig market activity, its chief executive told said on Wednesday. Obviously, we would like to do it as fast as possible, "CEO Anton Dibowitz told Reuters.
OSLO, April 18- Offshore oil driller Seadrill aims to expand relations with Schlumberger, the world's largest oil services firm, and other suppliers to the global oil and gas industry, its chief executive told Reuters on Wednesday. Seadrill plans to emerge from Chapter 11 bankruptcy proceedings in late June or early July, following a U.S. court's approval on...
NEW YORK, April 16- U.S. shale oil production is expected to increase in May for the fourth consecutive month, U.S. Energy Information Administration data showed on Monday, boosted by record production in the prolific Permian Basin of West Texas and New Mexico. Production in the Permian Basin is expected to jump by 73,000 bpd to 3.2 million bpd, the largest...
Saudi Aramco said on Wednesday its facilities in the southwestern province of Jizan were operating "normally and safely."
Oil prices jumped Tuesday as investors grew more confident that a U.S.-China trade dispute could be resolved.
The country had initially set June 21 as the date to open bids for 11 new blocks, located in border areas with Iran and Kuwait, and in offshore Gulf waters.
OIL DRILLERS CUT RIGS FOR FIRST WEEK IN THREE- BAKER HUGHES.
NATURAL GAS DRILLERS ADD FOUR IN WEEK TO MARCH 29- BAKER HUGHES.
US NATURAL GAS DRILLERS ADD THREE IN WEEK TO MARCH 29 - BAKER HUGHES.
U.S. OIL DRILLERS CUT RIGS FOR FIRST WEEK IN THREE -BAKER HUGHES.
March 21- Oil and gas drillers bid on only a tiny fraction of Gulf of Mexico acreage offered on Wednesday in the largest lease sale in American history, a setback to the Trump administration's efforts to rapidly pump up investment in the region. In all, the auction yielded $124.76 million in winning bids, slightly more than a smaller Gulf of Mexico auction last year,...
March 21- Oil and gas drillers bid modestly on Gulf of Mexico acreage in the largest lease sale in American history on Wednesday, dealing a setback to the Trump administration's efforts to rapidly pump up investment in the region. The Interior Department's Bureau of Ocean Energy Management, which administered the auction, characterized the results as robust: "I...
WASHINGTON, March 20- The U.S. Bureau of Land Management on Tuesday auctioned off more than 51,000 acres in southeastern Utah to oil and gas drillers, a sign of strong industry demand in a region conservationists have vowed to protect. The Utah lease sale included terrain near the boundaries of the former Bears Ears National Monument, whose size was scaled back by...
The west African cocoa producer is expected to be one of the world's fastest growing economies in 2018.
U.S. President Donald Trump's protectionist trade policies threaten to slow global economic growth and dampen oil demand, OPEC warned.
Output from major shale oil regions will grow by 131,000 barrels a day in April, the Department of Energy predicts.