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Apache Posts Lower Fourth-quarter Loss as Oil Prices Recover

2021-02-25 10:10:00| OGI

U.S. oil producer Apache raised its project spending forecast to $1.1 billion for this year as oil prices have improved since its previous outlook of keeping upstream expenses below a billion dollars.

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Whats Affecting Oil Prices This Week? (Feb. 22, 2021)

2021-02-22 18:00:00| OGI

After the increase during the past two weeks of Brent by 12.2% and WTI by 14.4%, crude prices are now back to the range they were for much of 2019 and more developments are on the way, Stratas Advisors says in its latest oil price forecast.

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Oil Prices Bear 13-month Highs, Supported by Texas Cold Snap

2021-02-16 15:33:36| OGI

Cold weather in the United States halted operations at Texas oil wells and refineries on Feb. 15 and forced restrictions on natural gas and crude pipeline operators.

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Brent, WTI Crude Oil Prices on Track for Weekly Gains

2021-02-12 20:20:00| OGI

WTI crude oil in the U.S. was on track for a weekly gain of about 5% while Brent was set for a 5.7% rise on the week due to hopes a U.S. stimulus will boost the economy and fuel demand.

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Bakken Oil Prices Surge as Dakota Access Pipelines Fate Awaited

2021-02-10 21:35:00| OGI

Concern about how U.S. President Joe Bidens administration will handle the Dakota Access Pipeline (DAPL), which can transport more than 550,000 bbl/d out of the Bakken, is boosting prices.

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