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US will maintain oil production despite falling prices, says deputy energy secretary

The U.S. will maintain its oil production — or even ramp it up higher — despite low energy prices and slowing economic growth, Deputy Energy Secretary Dan Brouillette said Wednesday......»»

Category: topSource: moneycentralJun 12th, 2019

Oil rises on European inventories drop and expected OPEC cuts

Oil prices rose on Friday, supported by a drop in European inventories and expectations of more OPEC production cuts despite the International Energy Agency (IEA) reporting demand growth at its lowest since the financial crisis of 2008......»»

Category: topSource: reutersAug 9th, 2019

Oil rises despite IEA report showing demand growth at decade low

Oil prices rose on Friday, supported by expectations of more OPEC production cuts despite the International Energy Agency (IEA) reporting demand growth at its lowest level since the financial crisis of 2008......»»

Category: topSource: reutersAug 9th, 2019

Oil rises more than 2% on firm yuan, expectations of more OPEC cuts

Oil jumped more than 2% on Thursday on expectations that falling prices could lead to production cuts, coupled with a steadying of the yuan currency after a week of turmoil spurred by an escalation in U.S.-China trade tensions......»»

Category: topSource: reutersAug 8th, 2019

Oil rises due to firm yuan, expectations of more OPEC cuts

Oil jumped more than $1 a barrel on Thursday due to expectations that falling prices may lead to production cuts, coupled with a steadying of the yuan currency after a week of turmoil spurred by an escalation in U.S.-China trade tensions......»»

Category: topSource: reutersAug 8th, 2019

Chevron profit surges 26% on higher output, termination fee

Chevron Corp reported a 26.3% jump in quarterly profit on Friday, as higher oil and gas production and a one-time breakup fee from its failed bid for a rival more than offset lower energy prices and a rise in expenses......»»

Category: topSource: reutersAug 2nd, 2019

Total plans $5 billion of asset sales to future-proof business

French energy giant Total will sell about $5 billion of assets, mostly from its exploration and production business as it sharpens its focus on low-breakeven projects that can weather weak oil prices, it said on Thursday......»»

Category: topSource: reutersJul 25th, 2019

Total plans $5 billion in asset sales as second-quarter profit falls

French energy giant Total will sell around $5 billion worth of assets, mostly from its upstream exploration and production business, as it seeks to focus on low breakeven projects that can weather weak oil prices, it said on Thursday......»»

Category: topSource: reutersJul 25th, 2019

Total plans $5 billion in asset sales as second quarter net profit falls

French energy giant Total will sell around $5 billion worth of assets, mostly from its upstream exploration and production business, as it seeks to focus on low breakeven projects that can weather weak oil prices, it said on Thursday......»»

Category: topSource: reutersJul 25th, 2019

Total plans $5 billion in asset sales, second quarter net profit falls

French energy giant Total said on Thursday it will sell assets worth around $5 billion mostly from its upstream exploration and production business as it seeks to focus on low breakeven projects that can withstand low oil prices......»»

Category: topSource: reutersJul 25th, 2019

Oil steady as U.S resumes Gulf of Mexico output amid signs of further supply

Oil prices were steady on Tuesday after falling in the previous session as output in the U.S. Gulf of Mexico resumed after Hurricane Barry swept through over the weekend and as U.S. shale production is expected to rise to a record......»»

Category: topSource: reutersJul 16th, 2019

Economic Report: Consumer inflation edges up 0.1% in June, CPI shows, but price pressures still muted

Americans paid more for rent, clothes and autos in June, but consumer inflation was largely held in check by falling energy prices. Waning inflation is one of the chief reasons the Federal Reserve is likely to cut interest rates by the end of the month......»»

Category: topSource: marketwatchJul 11th, 2019

Oil prices jump as approaching storm shuts energy operations

The U.S. energy industry has halted about a third of Gulf of Mexico oil production and expects more disruptions, as the industry braces for the first hurricane of the year......»»

Category: topSource: moneycentralJul 10th, 2019

Commodities Corner: OPEC, allies waging a battle to keep oil prices supported amid trade tensions

The Organization of Petroleum Exporting Countries’ decision to extend production curbs by another nine months shows just how concerned the group and allied oil producers are about a slowdown in energy demand......»»

Category: topSource: marketwatchJul 4th, 2019

U.S. oil prices drop by nearly 5% to their lowest in 2 weeks

Oil futures dropped by almost 5% on Tuesday, settling at their lowest in roughly two weeks. "The crude oil market has quickly digested the decision by OPEC and its allies to maintain the production c.....»»

Category: topSource: marketwatchJul 2nd, 2019

Chesapeake Energy"s stock falls on heavy volume as oil prices drop

Shares of Chesapeake Energy Corp. slumped 3.3% on heavy volume in morning trading Tuesday, as a selloff in crude oil prices weighed on the oil and gas exploration and production company, as well as the entire energy sector. Trading.....»»

Category: topSource: marketwatchJul 2nd, 2019

Oil Prices Rise on Production Cut Extension, Trade Truce

Leading energy stocks also gained on MondayRelated Stocks: HP, RIG, COP, EOG, XOM, CVX, EPD, KMI, PSX, SLB,.....»»

Category: blogSource: gurufocusJul 1st, 2019

Oil Prices Hold Gains As OPEC+ Near Production Cut Extension Deal

Update: Russian Energy Minister Novak has stated that the extension of six to nine months is a consolidated agreement and other.....»»

Category: blogSource: zerohedgeJul 1st, 2019

Futures Movers: Oil prices climb on reports of falling U.S. supplies

U.S. oil prices climbed on Wednesday, with Brent also higher after sources said the American Petroleum Institute reported a sharp fall in U.S. crude supplies, data that comes ahead of Energy Information Administration figures due later......»»

Category: topSource: marketwatchJun 26th, 2019

Energy stocks in a broad rally, as crude prices bounce sharply after attacks on two oil tankers

Energy stocks rallied in unison Thursday to pace the S&P 500's sector gainers, with crude oil futures surging as U.S. Secretary of State Mike.....»»

Category: topSource: marketwatchJun 13th, 2019

Chesapeake Energy"s stock bounces on NYSE-leading volume as oil prices surge

Shares of Chesapeake Energy Corp. shot up 3.1% in active afternoon trading Thursday, to bounce off a 6-month low hit earlier in the session, as a rally in crude oil prices helped provide a boost to the oil and gas exploration and production com.....»»

Category: topSource: marketwatchJun 13th, 2019