NDP News and Press, Tortoise Energy Independence Fund Inc. From 11/24/19

US crude inventories rose by 1.8 million barrels despite refinery runs increasing by 519,000 bpd. Oil prices were relatively steady with Brent crude holding above $63 per barrel, near an eight-week high, and WTI finishing above $57 per barrel. The physical spot market is getting tighter ...

The oil market (NYSEARCA: USO ) is far tighter than many observers assume, and oil prices and energy companies could be set for a bounce , Spencer Jakab writes at WSJ 's Heard On The Street. More news on: The United States Oil ETF, LP, Halliburton Company, Baker Hughes Company, Energy st...

Oil prices are higher following a Reuters report that OPEC and its allies are likely to extend production cuts until mid-2020 when they meet early next month. More news on: The United States Oil ETF, LP, United States Brent Oil Fund, LP, Energy Select Sector SPDR ETF, Commodities news, E...

Welcome to the Cut That Growth In Half Edition of Oil Markets Daily! Two days ago, we tweeted out our calculation of US shale well productivity charts. (Be sure to follow us on Twitter for faster updates) US shale oil well productivity continues to decline, which is no surprise to an...

Crude oil prices bounce back in a big way after U.S. data showed a slightly smaller than expected build in domestic inventory, rising by 1.4M barrels in the week ending Nov. 15. More news on: The United States Oil ETF, LP, Energy Select Sector SPDR ETF, Schlumberger Limited, Energy st...

Despite being potentially less familiar to a generalist audience than more "approachable" hydrocarbons like oil and natural gas, natural gas liquids (NGLs) have grown in importance within midstream as US production and exports have risen quickly over the last few years. After falling to multi-...

Crude oil benchmarks are on track for their fifth decline in the past seven sessions amid fresh worries about excess supply ahead of weekly U.S. inventory data scheduled for release tomorrow; U.S. WTI (NYSEARCA: USO ) -2.3% to $55.73/bbl, Brent (NYSEARCA: BNO ) -1.8% to $61.32/bbl. M...

The energy sector ( XLE -1.3% ) was today's worst performing group as oil and gas prices turned sharply lower amid uncertainty over the prospects for a U.S.-China trade deal. More news on: Energy Select Sector SPDR ETF, McDermott International, Inc., Callon Petroleum Company, Energy st...

By Blu Putnam At a Glance As Saudi Arabia's state-owned oil company prepares for an IPO, the country could move away from managing oil supply. The U.S. has taken the role of world's top oil producer. The coming Initial Public Offering ((IPO)) for Aramco ([[ARMCO]]), the Saudi Ara...

Brent crude rose above $63 for the first time in more than seven weeks despite a bearish International Energy Agency ((IEA)) 2019 outlook that was published shortly before the monthly report from the IEA. As usual, that highlighted weak demand and rising non-OPEC supply of some 2.3 million b...