Production Status Changes

Oil holds gains as Iraq, U.S.-Iran tension raises risks

Oil holds gains as Iraq, U.S.-Iran tension raises risks

Published 17/10/2017

Oil prices crept higher on Tuesday, holding on to gains made as fighting between Iraqi and Kurdish forces threatened supplies from northern Iraq while political tension rose between the United States and Iran. [more…]

Oil rallies on Chinese import boost and Mideast tensions

Oil rallies on Chinese import boost and Mideast tensions

Published 13/10/2017

Oil prices firmed on Friday as strong Chinese oil import data and turmoil in the Middle East boosted bulls in a market that has already shown signs of rebalancing after years of excess. [more…]

Oil up on lower U.S. rig count, expectation of ongoing Saudi output restraint

Oil up on lower U.S. rig count, expectation of ongoing Saudi output restraint

Published 09/10/2017

Oil prices edged up on Monday, after a 2 percent slide on Friday, as the number of rigs drilling for new oil in the United States dipped and on expectations that Saudi Arabia would continue to restrain its output to support the market. [more…]

Oil prices slip, but hold near recent highs

Oil prices slip, but hold near recent highs

Published 18/09/2017

U.S. crude oil prices slipped below $50 per barrel on Monday but stayed close to multi-month highs amid a drop in shale drilling and as refineries continued to restart after Hurricane Harvey. [more…]

Oil steady as Irma heads for Florida, Saudi Arabia cuts supply

Oil steady as Irma heads for Florida, Saudi Arabia cuts supply

Published 08/09/2017

Oil prices steadied on Friday after almost a week of sharp rises as Hurricane Irma, one of the most powerful storms in a century, drove towards Florida after tearing through the Caribbean. [more…]

Harvey may pinch some Gulf Coast refining, chemical projects

Harvey may pinch some Gulf Coast refining, chemical projects

Published 08/09/2017

Oil and petrochemical plants along the U.S. Gulf Coast intend to go ahead with plans for near record spending on expansions next year, despite Hurricane Harvey driving up labor costs and slowing work, experts said. [more…]

U.S. crude rises on returning refineries- gasoline slumps to pre-Harvey levels

U.S. crude rises on returning refineries- gasoline slumps to pre-Harvey levels

Published 05/09/2017

U.S. oil prices rose on Tuesday as the gradual restart of refineries in the Gulf of Mexico that were shut by Hurricane Harvey raised demand for crude, their main feedstock. [more…]

Texas moves toward post-Harvey recovery- gas prices slip

Texas moves toward post-Harvey recovery- gas prices slip

Published 05/09/2017

Texas on Monday edged toward recovery from the devastation of Hurricane Harvey as shipping channels, oil pipelines and refineries restarted some operations and authorities lifted an evacuation order for the area around a once-burning chemical plant. [more…]

Ship traffic could resume Tuesday at Port Arthur, Texas: U.S. Coast Guard

Ship traffic could resume Tuesday at Port Arthur, Texas: U.S. Coast Guard

Published 04/09/2017

The U.S. Coast Guard on Monday allowed some barge traffic to enter Port Arthur, Texas, home of the country's largest oil refinery, and is considering allowing ships to enter on Tuesday, a spokesman said. [more…]

Crude dips, gasoline spikes as floods knock out almost a quarter of U.S. refineries

Crude dips, gasoline spikes as floods knock out almost a quarter of U.S. refineries

Published 30/08/2017

Oil prices dipped on Wednesday but gasoline spiked to its highest since mid-2015 as flooding in the wake of Hurricane Harvey knocked out almost a quarter of U.S. refineries, crimping demand for crude but raising fears of fuel shortages. [more…]