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Oil firms as U.S. supply concerns ease but Iran tension lingers

4 hours ago DieselGasoil Comments Off on Oil firms as U.S. supply concerns ease but Iran tension lingers
LONDON (Reuters) – Oil prices rose on Tuesday as a resumption of output in the Gulf of Mexico after Hurricane Barry and a boom in U.S. supply due to shale oil countered tensions in the Middle East. FILE PHOTO: Oil pumps are seen after sunset outside Vaudoy-en-Brie, near Paris, France November 14, 2018. REUTERS/Christian Hartmann Read More

Oil steadies as U.S. supply concerns ease, Iran tension unresolved

5 hours ago DieselGasoil Comments Off on Oil steadies as U.S. supply concerns ease, Iran tension unresolved
LONDON (Reuters) – Oil prices steadied on Tuesday as a resumption of output in the Gulf of Mexico after Hurricane Barry and a boom in U.S. supply due to shale oil countered tensions in the Middle East. FILE PHOTO: Oil pumps are seen after sunset outside Vaudoy-en-Brie, near Paris, France November 14, 2018. REUTERS/Christian Hartmann Read More

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

10 hours ago DieselGasoil Comments Off on Oil steady as U.S resumes Gulf of Mexico output amid signs of further supply
TOKYO (Reuters) – 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. FILE PHOTO: Oil pumps are seen after sunset outside Vaudoy-en-Brie, near Read More

Oil down for a second day as U.S. Gulf of Mexico output returns

14 hours ago DieselGasoil Comments Off on Oil down for a second day as U.S. Gulf of Mexico output returns
TOKYO (Reuters) – Oil prices fell for a second day on Tuesday as more production facilities returned to operation in the U.S. Gulf after Hurricane Barry swept through over the weekend, while Chinese economic data dimmed the outlook for crude demand. FILE PHOTO: Oil pumps are seen after sunset outside Vaudoy-en-Brie, near Paris, France November Read More

U.S. Gulf of Mexico oil, gas producers begin restarting after Barry

18 hours ago DieselGasoil Comments Off on U.S. Gulf of Mexico oil, gas producers begin restarting after Barry
HOUSTON (Reuters) – U.S. oil companies on Monday began restoring some of the more than nearly 74% production shut at U.S. Gulf of Mexico platforms ahead of Hurricane Barry, the U.S. offshore drilling regulator said. There was 1.3 million barrels per day (bpd) of oil production off line in the U.S.-regulated areas of the Gulf Read More

Analysis: US crude stocks likely dip last week in wake of Barry-induced shut-ins

18 hours ago DieselGasoil Comments Off on Analysis: US crude stocks likely dip last week in wake of Barry-induced shut-ins
Highlights Crude stocks expected down 4.2 million barrels at 454.8 million barrels Hurricane Barry shuts-in bulk of Gulf of Mexico offshore production Export slowdown likely blunts overall crude draw New York — Production shut-ins in the Gulf of Mexico ahead of Hurricane Barry likely contributed to a sharp decline in US crude stocks last week, Read More

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

18 hours 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

18 hours 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

Hurricane Barry halts large portion of GOM oil output

1 day ago DieselGasoil Comments Off on Hurricane Barry halts large portion of GOM oil output
By Saket Sundria and Alex Longley on 7/15/2019 SINGAPORE and LONDON (Bloomberg) –Oil traded near $60/bbl after a storm shut almost three-quarters of U.S. Gulf of Mexico crude production, even as lingering demand concerns continue to dent the outlook. Futures rose 0.2% in New York. About 73% of crude output in the Gulf of Mexico Read More