West Newswire

West Newswire

Comprehensive Real-Time News Feed for West, TX.

Results 1 - 20 of 205 for "u:worldoil.com" in West, TX

  1. Downgrades abound as oil analysts turn gloomy on supply glutRead the original story

    Thursday Jun 22 | World Oil

    A wave of equity analysts downgraded dozens of oil-industry stocks on Wednesday, a day after crude slipped into a bear market, falling more than 20% from its highest close this year. Analysts took an increasingly pessimistic view of the world's ability to soak up the global oversupply of petroleum.

    Comment?

  2. Oil languishes in bear market ignoring Middle East, GOM storm riskRead the original story

    Wednesday Jun 21 | World Oil

    Oil languished in a bear market as a persistent global supply glut meant prices were unmoved by risks ranging from tropical storms in the Gulf of Mexico to geopolitical tensions in the Middle East. Front-month futures rose 0.2% in New York after closing Tuesday more than 20% below their February peak.

    Comment?

  3. Oil drops to seven-month low as Libya adds to persistent surplusRead the original story

    Tuesday Jun 20 | World Oil

    Oil dropped to the lowest in seven months amid a revival in output from Libya and rising volumes of fuel held in floating storage. Futures lost as much as 2.9% in New York after falling 1.2% Monday.

    Comment?

  4. Shale patch M&A frenzy cools as oil price seen stuck below $45Read the original story

    Tuesday Jun 20 | World Oil

    Mergers and acquisitions among U.S. exploration and production companies fell to less than $15 billion in the second quarter from about $23 billion in the first, according to estimates from Bloomberg Intelligence. The number of deals plunged to the lowest since early 2015.

    Comment?

  5. The forward curve for oil prices suddenly looks awful for OPECRead the original story

    Friday Jun 16 | World Oil

    As if a mini-collapse in oil prices wasn't bad enough for OPEC, the pattern in which futures contracts are trading years from now has flipped into the worst possible structure for the exporter group. Brent and West Texas Intermediate crudes, down almost 15% since late May, are both trading in contango, where forward prices get higher all the way into the next decade.

    Comment?

  6. Oil steady after third weekly loss as U.S. shale producers keep drillingRead the original story

    Monday Jun 12 | World Oil

    Oil steadied after a third weekly loss on speculation that sustained drilling by U.S. producers will blunt efforts by OPEC and Russia to re-balance an oversupplied crude market. Futures were little changed in New York after sliding 3.8% last week.

    Comment?

  7. Oil heads for third weekly loss as U.S., Nigeria prolong glutRead the original story

    Friday Jun 9 | World Oil

    Oil headed for a third weekly drop as rising supplies from the U.S. and Nigeria showed that OPEC is still struggling to clear a global oil surplus. Futures were little changed in New York Friday, returning to the sub-$50 levels traded when OPEC first agreed to output curbs in November.

    Comment?

  8. Rigs, completions rise, as differentials sinkRead the original story w/Photo

    Thursday Jun 8 | World Oil

    Bolstered by the eagerly-awaited start-up of the Dakota Access Pipeline , the takeaway bottleneck that trapped Bakken-Three Forks producers behind an economic eight-ball is evaporating and taking pricing differentials with it. A rig at work on Hess' 569,000-net-acre Bakken leasehold, where it plans to have six rigs making hole by year-end.

    Comment?

  9. Oil trades near $47 amid talks to resolve Gulf diplomatic clashRead the original story

    Tuesday Jun 6 | World Oil

    Oil traded little changed as diplomatic efforts to resolve a clash between Qatar and Saudi Arabia played out, with crude supplies seen as unaffected. Futures slipped as much as 1% in New York.

    Comment?

  10. OPEC deal extension isn't enough to rope in crude-oil bullsRead the original story

    Monday Jun 5 | World Oil

    Hedge funds trimmed bets on rising crude prices to the lowest level since November as oil futures dipped below $50/bbl amid skepticism an OPEC-led campaign to cut output will soon curb a worldwide supply glut. Speculators also fled bearish positions for a second week.

    Comment?

  11. Russia can `live forever' with $40 oil as hedge funds baffleRead the original story

    Friday Jun 2 | World Oil

    A race to the bottom in oil prices may not have many winners, but Russia is certain it can survive. It's less sure about hedge funds.

    Comment?

  12. Oil set for biggest weekly loss in a month as rebalancing dragsRead the original story

    Friday Jun 2 | World Oil

    Oil headed for its biggest weekly drop in four weeks as U.S. supply data signaled that OPEC's efforts to re-balance oversupplied markets need more time. Futures slumped as much as 3.4% in New York and Brent crude in London slid below $50/bbl.

    Comment?

  13. Goldman warns OPEC faces test as spectre of U.S. shale loomsRead the original story

    Friday May 26 | World Oil

    As the oil market responds skeptically to OPEC's output-cut deal, Goldman Sachs Group Inc. says the group has some challenges to tackle. The organization will face the test of defending market share and generating revenue growth as it transitions from the curbs, the bank said in a May 25 report.

    Comment?

  14. Oil shrugs off U.S. supply drop as investors await OPEC meetingRead the original story

    May 25, 2017 | World Oil

    Oil investors shrugged off declining U.S. stockpiles as they held their breath ahead of OPEC's meeting on Thursday. Anticipation is building up as OPEC and its allies came one step closer to agreeing to extend their deal after a committee endorsed another nine months of cuts.

    Comment?

  15. Oil rises to one-month high as Saudis see output curbs into 2018Read the original story

    May 22, 2017 | World Oil

    Oil rose to the highest in a month as Saudi Arabia said all producers participating in output cuts agree on extending the deal through the first quarter of 2018. Futures climbed as much as 1.5% in New York after advancing 5.2% last week.

    Comment?

  16. Oil rises above $50 as OPEC members seen backing longer cutsRead the original story

    May 19, 2017 | World Oil

    Oil rose above $50/bbl in New York for the first time in three weeks on the expectation that OPEC will reaffirm efforts to drain a global glut. U.S. futures rose as much as a 1.5%, heading for the biggest weekly gain since March.

    Comment?

  17. Oil rises as U.S. supply decline signals OPEC's making progessRead the original story

    May 17, 2017 | World Oil

    Crude markets are getting some encouragement from the U.S. as supplies fell for a sixth week -- a sign that OPEC-led production curbs are starting to be felt in the world's biggest oil-consuming nation. Inventories fell 1.75 MMbbl last week to 520.8 million, the Energy Information Administration reported Wednesday -- less than the 2.67 MMbbl decline forecast by analysts surveyed by Bloomberg.

    Comment?

  18. Oil-service IPOs blow past explorers as industry charts recoveryRead the original story

    May 17, 2017 | World Oil

    Oil-service providers are at the top of IPO rankings in 2017, elbowing aside exploration-and-production companies for the first time in at least a decade. Those companies had made up the majority of annual energy listings for the 10 years through 2016, according to data compiled by Bloomberg.

    Comment?

  19. Oil rally stalls as market awaits signs U.S supply glut easingRead the original story

    May 16, 2017 | World Oil

    Futures pared gains in New York after climbing 2.1% on Monday. The rally driven by Saudi and Russian pledges to extend output cuts lost steam as investors await U.S. crude inventory data to be released by an industry group on Tuesday and by the government on Wednesday.

    Comment?

  20. Oil price indicators flash buy as OPEC expectations growRead the original story

    May 15, 2017 | World Oil

    Price curve? Check. Technical markers? Check. The oil market just got bullish and that's left OPEC with little room for maneuver when it meets in Vienna next week.

    Comment?

West Job Listings
View or post West job listings on Topix.
West Real Estate
News, listings, and foreclosures in West from Topix.
West Mortgages
Find mortgage rates in West on Topix.