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Oil climbs as Middle East tensions offset demand worries

1 day ago DieselGasoil Comments Off on Oil climbs as Middle East tensions offset demand worries
NEW YORK (Reuters) – Oil prices rose about 1 percent on Friday after steep losses a day earlier, supported by rising tensions between the United States and Iran, even as concerns that slowing economic growth could dent global oil demand cast a cloud. FILE PHOTO: An oil pump is seen at sunset outside Vaudoy-en-Brie, near Read More

Permian watch: America’s hottest shale play is slowing down

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By Ryan Collins on 7/17/2019 HOUSTON (Bloomberg) –The engine of America’s shale boom is beginning to sputter. Slowing Growth The almost relentless thrust that has doubled crude output from the Permian basin in three years is showing some signs of waning. Oil flows from the formation spanning West Texas and New Mexico are set to Read More

Oil settles lower amid signs of US-Iran rapprochement

4 days ago DieselGasoil Comments Off on Oil settles lower amid signs of US-Iran rapprochement
New York — Oil futures settled sharply lower Tuesday after White House statements pointed to a potential thaw in Middle East tensions. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX August WTI settled down $1.96 at $57.62/b and ICE September Brent was $2.13 lower at $64.35/b. Oil futures Read More

More than half of Gulf of Mexico oil, gas output still shut after Barry: US BSEE

4 days ago DieselGasoil Comments Off on More than half of Gulf of Mexico oil, gas output still shut after Barry: US BSEE
Washington — About 1.1 million b/d, or 58%, of oil production and 1.4 Bcf/d, or 51%, of natural gas output in the Gulf of Mexico remains shut as drillers slowly restored operations after Hurricane Barry, the US Bureau of Safety and Environmental Enforcement said Tuesday. Not registered? Receive daily email alerts, subscriber notes & personalize Read More

More than half of US Gulf of Mexico oil, gas output remains shut after Barry: BSEE

5 days ago DieselGasoil Comments Off on More than half of US Gulf of Mexico oil, gas output remains shut after Barry: BSEE
Washington — About 1.3 million b/d, or 69%, of oil production and 1.7 Bcf/d, or 61%, of natural gas output in the Gulf of Mexico remains shut as drillers start returning to platforms evacuated ahead of Hurricane Barry, the US Bureau of Safety and Environmental Enforcement said Monday. Not registered? Receive daily email alerts, subscriber Read More

Oil dips as US Gulf production, refining operations return to normal

5 days ago DieselGasoil Comments Off on Oil dips as US Gulf production, refining operations return to normal
New York — Oil futures settled lower Monday, shedding risk premiums as Hurricane Barry continued to weaken far inland and Gulf Coast oil operations began to normalize. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX August WTI closed at $59.58/b, down 63 cents, while ICE September Brent fell Read More

Factbox: Offshore oil, gas production continues to be shut in as US Gulf Coast prepares for Tropical Storm Barry landfal

1 week ago DieselGasoil Comments Off on Factbox: Offshore oil, gas production continues to be shut in as US Gulf Coast prepares for Tropical Storm Barry landfal
Washington — Tropical Storm Barry is expected to make landfall over the central Louisiana Coast Saturday, bringing the potential for extreme flooding, National Hurricane Center information showed Friday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The US Department of Interior’s Bureau of Safety and Environmental Enforcement said Friday Read More

Oil flat as tropical storm limits output, glut forecasts weigh

1 week ago DieselGasoil Comments Off on Oil flat as tropical storm limits output, glut forecasts weigh
NEW YORK (Reuters) – Oil prices were little changed on Friday as U.S. Gulf of Mexico crude output dropped by more than half from disruptions caused by a tropical storm, but concerns over a global crude surplus in the months ahead limited gains. FILE PHOTO: An oil pump is seen at sunset outside Scheibenhard, near Read More

Slow-moving Tropical Storm Barry poses flood threat to Louisiana, disruptions to USGC refined product exports

1 week ago DieselGasoil Comments Off on Slow-moving Tropical Storm Barry poses flood threat to Louisiana, disruptions to USGC refined product exports
Highlights Port of New Orleans at Port Condition Yankee, closed to incoming traffic Stolthaven product terminal in New Orleans shut down Down earlier, crude, product futures moving higher New York — Tropical Storm Barry is expected to make landfall Friday afternoon in eastern Louisiana, bringing the potential for extreme flooding, National Hurricane Center information showed Read More