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Tag: oil
US Oil Rig Count Falls To Lowest Since February 2018
2019-06-07 19:44:26| OGI
Drillers cut 11 oil rigs in the week to June 7, bringing down the total count to 789, Baker Hughes, a GE company, said in its weekly report.
Tags: february
count
lowest
oil
Oil Rises As Saudi Arabia Signals OPEC Deal Extension
2019-06-07 15:45:24| OGI
Oil prices rose on June 7, climbing further from five-month lows hit this week amid signs that OPEC and other producers could extend their output reduction deal.
Tags: deal
oil
extension
arabia
As Permian Oil Production Turns Lighter, Price Outlook Darkens
2019-06-06 22:29:44| OGI
The United States may now be the world's biggest crude producer, but the oil being produced in its prolific Permian basin is increasingly too light in density for domestic refiners or for exports, eroding prices for these orphan barrels.
Tags: price
production
oil
turns
Shell, Gazprom Neft Form Joint Venture For Oil Fields In Yamal
2019-06-06 15:56:34| OGI
The fields are estimated to hold reserves of about 1.1 billion tonnes of oil.
Legacy Debts Prompt Nigeria To Revoke Six Oil Block Licenses
2019-06-06 15:21:26| OGI
The action comes as Nigeria takes a more aggressive approach to collecting taxes and royalties that the country says it is owed.
Tags: block
oil
nigeria
legacy
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