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RECENT DRIP NEWS
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The number of oil and gas wells in Texas readied for production fell nearly 12% Y/Y during the first seven months of this year, completing 5,749 wells through the end of July vs. 6,514 in the same period last year, according to the Texas Railroad Commission. More news on: Liberty Oilfiel...
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Saudi Aramco's (ARMCO) panned multi-billion dollar investment in India's Reliance Industries is another major diversification move for the world's most profitable company. The world's top oil producer has signed a letter of intent to take a 20 percent stake in Reliance's oil-to-chemicals bus...
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By Stacey Morris While recent oil price volatility has been in the spotlight, the weakness in natural gas prices has begun to cause headaches for upstream companies, with consequences for some midstream names. An oversupply of natural gas has sent prices to multi-year lows, creating challe...
DRIP News and Press, Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 3X Shares
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The number of oil and gas wells in Texas readied for production fell nearly 12% Y/Y during the first seven months of this year, completing 5,749 wells through the end of July vs. 6,514 in the same period last year, according to the Texas Railroad Commission. More news on: Liberty Oilfiel...
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Saudi Aramco's (ARMCO) panned multi-billion dollar investment in India's Reliance Industries is another major diversification move for the world's most profitable company. The world's top oil producer has signed a letter of intent to take a 20 percent stake in Reliance's oil-to-chemicals bus...
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By Stacey Morris While recent oil price volatility has been in the spotlight, the weakness in natural gas prices has begun to cause headaches for upstream companies, with consequences for some midstream names. An oversupply of natural gas has sent prices to multi-year lows, creating challe...
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Crude oil prices fall sharply in the wake of weak economic data from China and Europe and a rise in U.S. crude inventories, partly erasing yesterday's big gains; WTI -2.5% to $55.68/bbl, Brent -2.1% to $60.03/bbl. More news on: The United States Oil ETF, LP, Energy Select Sector SPD...
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By Phil Flynn (Flash: The recent report that President Trump is delaying some tariff on China has boosted prices.) We had tanking Treasury yields, the shutdown of the Hong King airport, fears of an Argentinian debt default, federal government spending at a record $3.73 trillion in the ...
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Crack spreads look gloomy. The best phrase to describe last week's oil market is "roller coaster." You wouldn't think so if you just looked at the week's ending numbers. Front-month light, sweet crude wrapped up Friday at $54.40 a barrel, just a 2% loss for the week. The ride to Friday's c...
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Crude oil surges out of the red after the U.S. said it was delaying China tariffs on several items including cellphones and clothing while outright removing some items from a list of proposed new tariffs; WTI +3.5% to $$56.84/bbl, Brent +3.7% to $60.77/bbl. More news on: Energy...
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The Trump administration today announced final plans to roll back of protections for endangered species , including allowing economic factors to be weighed before adding an animal to the list, a move that could expand oil and gas drilling and other development in the U.S. More news...
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A pump jack operates in the Permian Basin oil production area near Wink, Texas U.S. August 22, 2018. (Reuters) Oil prices tumbled last week as Brent crude fell below $60 per barrel for the first time in eight months. Brent finished at $58.53 while WTI fell to $54.50 per barrel. Some anal...
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The Environmental Protection Agency unveils a proposal that would curb state powers to block pipelines and other energy projects, as part of the Trump administration's effort to boost development of domestic oil, gas and coal. More news on: Energy Select Sector SPDR ETF, Vanguard Energy ...
