Nothing OPEC does can stop U.S. shale: JTD

August 18, 2017 0

There’s nothing the Organization of Petroleum Exporting Countries (OPEC) can do to stop U.S. shale, John Driscoll, chief strategist at JTD Energy Services said on Thursday, adding that the recent oil rally is seasonal.

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Petro product demand growth to slow by 2022

August 18, 2017 0

The growth of global demand for petroleum products will decelerate “significantly” by 2022, as changes in vehicle fleet affect gasoline and diesel demand, Kallanish Energy learns from U.S. consultancy firm ESAI Energy.

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Nabors acquiring Tesco in $215.75M all-stock transaction

August 14, 2017 0

Nabors Industries, which bills itself as owner-operator of the world's largest land-based drilling rig fleet, said this morning it’s acquiring equipment manufacturing/rental/aftermarket service business Tesco in an all-stock deal valued at $215.75 million.

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OPEC output climbed 173,000 BPD in July 🔓

August 14, 2017 0

Total crude oil production from the Organization of Petroleum Exporting Countries increased 173,000 barrels per day (BPD) in July from June, to average 32.87 million barrels per day (MMBPD), according to secondary sources used in the cartel’s August Monthly Oil Market Report.

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US crude posts second straight weekly loss

August 14, 2017 0

Oil prices moved slightly higher Friday, but posted another weekly decline after the International Energy Agency said market rebalancing was taking time due to weak OPEC compliance with output cuts.

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