newszine

Oil prices fall for third straight session amid supply glut worries

22 mins ago DieselGasoil Comments Off on Oil prices fall for third straight session amid supply glut worries
SINGAPORE (Reuters) – Oil prices dropped over 1 percent on Tuesday, falling for a third straight session, as reports of inventory builds and forecasts of record shale output in the United States, currently the world’s biggest producer, stoked worries about oversupply. Pump jacks operate in an oil field in Midland, Texas U.S. August 22, 2018. Read More

Oil prices fall 1 percent amid supply glut worries

2 hours ago DieselGasoil Comments Off on Oil prices fall 1 percent amid supply glut worries
SINGAPORE (Reuters) – Oil prices dropped 1 percent on Tuesday, extending losses from the previous session as reports of a big climb in U.S. inventories and forecasts of record shale output stoked worries about oversupply. Pump jacks operate in an oil field in Midland, Texas U.S. August 22, 2018. Picture taken August 22, 2018. REUTERS/Nick Read More

U.S. oil prices drop 1 percent on oversupply fears

3 hours ago DieselGasoil Comments Off on U.S. oil prices drop 1 percent on oversupply fears
SINGAPORE (Reuters) – U.S. oil prices fell 1 percent on Tuesday after slipping below $50 a barrel in the previous session, with reports of a big climb in U.S. inventories and forecasts of record shale output stoking worries about oversupply. Pump jacks operate in an oil field in Midland, Texas U.S. August 22, 2018. Picture Read More

Shell is said to eye $8-billion deal for Endeavor Energy as price tag drops

5 hours ago DieselGasoil Comments Off on Shell is said to eye $8-billion deal for Endeavor Energy as price tag drops
By Kiel Porter and Dinesh Nair on 12/17/2018 Map: Endeavor Permian acreage. NEW YORK and LONDON (Bloomberg) — Royal Dutch Shell Plc is in negotiations to buy Endeavor Energy Resources LP for about $8 billion, according to people familiar with the matter, or roughly half as much as the Texas oil producer was expected to Read More

Oil closes below $50 for first time in one year as glut fears grow

6 hours ago DieselGasoil Comments Off on Oil closes below $50 for first time in one year as glut fears grow
By Alex Nussbaum on 12/17/2018 Photo: OPEC flag. NEW YORK (Bloomberg) — OPEC has its work cut out to persuade the market that its output caps will stabilize oil prices — and U.S. producers aren’t helping. Crude settled below $50/bbl in New York on Monday for the first time in more than a year and Read More

Exxon becomes Permian drill chief to combat falling oil output

6 hours ago DieselGasoil Comments Off on Exxon becomes Permian drill chief to combat falling oil output
By Kevin Crowley on 12/17/2018 Photo: Pump jack. HOUSTON (Bloomberg) — Exxon Mobil Corp. has overtaken rivals to become the most active driller in the Permian Basin, showing the urgency with which the world’s biggest oil company by market value is pursuing U.S. shale. Even after a slow start in the region of West Texas Read More

Top U.S. fund managers prepare for bear market in small company stocks

11 hours ago DieselGasoil Comments Off on Top U.S. fund managers prepare for bear market in small company stocks
NEW YORK (Reuters) – The shares of small companies in the U.S. haven’t technically fallen into a bear market yet, but several top-performing fund managers are acting as if it is inevitable. FILE PHOTO: A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., December Read More

Sundance Energy Provides December 2018 Operational Update

12 hours ago DieselGasoil Comments Off on Sundance Energy Provides December 2018 Operational Update
DENVER, Dec. 17, 2018 (GLOBE NEWSWIRE) — Sundance Energy Australia Limited (ASX: SEA) (NASDAQ: SNDE) (“Sundance” or the “Company”), a U.S. onshore oil and gas exploration and production company focused in the Eagle Ford in South Texas, today provided an update regarding the Company’s recent development activities and outlook regarding its 2019 development plan. 2019 Read More

Oil gains near $52 as U.S. drillers cut rigs

15 hours ago DieselGasoil Comments Off on Oil gains near $52 as U.S. drillers cut rigs
By Rakteem Katakey on 12/17/2018 LONDON (Bloomberg) — Oil rose to near $52/bbl as the dollar fell and U.S. drillers cut rigs to the lowest in eight weeks.  Futures in New York gained as much as 1.3%. The number of oil rigs in America fell to by four to 873 last week and the U.S Read More

Laredo Petroleum Announces Appointment of Frances Powell Hawes to Board of Directors

15 hours ago DieselGasoil Comments Off on Laredo Petroleum Announces Appointment of Frances Powell Hawes to Board of Directors
TULSA, OK, Dec. 17, 2018 (GLOBE NEWSWIRE) — Laredo Petroleum, Inc. (NYSE: LPI) (“Laredo” or the “Company”) today announced the appointment of Frances Powell Hawes to the Company’s Board of Directors (the “Board”). Ms. Powell Hawes’ appointment as an independent director and membership on the Board’s Audit and Nominating and Corporate Governance committees is effective Read More