1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015

Market Journal 2007 P2

  • 06/25/2007 -- Higher prices threaten demand
    Demand for crude may fall if prices exceed $80/bbl, said analysts in the Houston office of Raymond James & Associates Inc.
  • 07/02/2007 -- Crude tops $70/bbl on NYMEX
    The August contract for benchmark US light, sweet crudes pushed past $70/bbl June 29 on the New York Mercantile Exchange to its highest level in 10 months.
  • 07/09/2007 -- OPEC spare productive capacity 'diminished'
    Increasing global demand for oil and natural production declines have diminished OPEC's excess productive capacity and its power to manipulate oil prices, said Raymond James analysts.
  • 07/16/2007 -- US crude tops $73/bbl, may head higher
    After testing price barriers during intraday trading for five consecutive sessions, the near-month benchmark US crude contract closed above $73/bbl in New York on July 13, and analysts said it could be headed higher this summer.
  • 07/30/2007 -- Equities market, GDP rattle oil prices
    Futures prices for crude and petroleum products took unusual bounces in the last full week of July, influenced by a falling equities marekt and US economic growth.
  • 08/06/2007 -- Loss followed record-high prices
    The front-month crude contract ended the trading week through Aug. 3 with a 2% loss after setting record highs in earlier sessions on the New York market.
  • 08/13/2007 -- Data vital to energy markets
    Fear that the Organization of Petroleum Exporting Countries would undersupply peak market demand for crude in July and August increased the price at which refiners were willing to draw down crude stocks and inflated oil prices in June and July.
  • 08/20/2007 -- It's just Erin and Dean, not Katrina and Rita
    On Aug. 19 as Dean, the first hurricane of the 2007 season, pounded Jamaica's south coast, residents of Houston some 1,427 miles away were emptying grocery shelves of bread, bottled water, and other essentials on the remote chance that the storm might come ashore in their vicinity.
  • 08/27/2007 -- Facilities escape damage from Dean
    For all of the initial fears it generated among traders and Gulf Coast residents, Hurricane Dean inflicted apparently little damage to or disruptions of oil and gas operations in the Gulf of Mexico.
  • 09/04/2007 -- Another hurricane threat
    Having just returned to full production after Hurricane Dean, Petroleos Mexicanos again faced a possible decision Sept. 3 whether to evacuate offshore rigs and platforms in the Bay of Campeche as another category 5 storm, Hurricane Felix, churned through the Caribbean.
  • 09/17/2007 -- Crude tops record $80/bbl
    The front-month crude contract closed above $80/bbl for the first time in the history of NYMEX Sept. 13 upon news that Hurricane Humberto had disrupted power to three refineries in Port Arthur, Tex.
  • 09/24/2007 -- A run of record high prices
    The front month crude contract hit record highs in either intraday trading or closings—usually both—in eight consecutive trading sessions Sept. 11-20 on the New York Mercantile Exchange.
  • 10/01/2007 -- Analyst sees US oil supply cuts by 2012
    Mexico, Saudi Arabia, Venezuela, Nigeria, Algeria, and Russia will cut crude exports to the US by 2012, intensifying investment in Canada's oil sands, an analyst predicts.
  • 10/22/2007 -- NOAA: La Nina signals moderate winter
    The US National Oceanic & Atmospheric Administration forecasts this winter will be 2.8% warmer than the 30-year norm for the US in December through February but still 1.3% cooler than last year.
  • 11/19/2007 -- Crude price waffles above $90/bbl
    The crude futures price fell to its lowest level in nearly 2 weeks Nov. 13 after the International Energy Agency reduced its estimates of global oil demand for the fourth quarter through 2008.
  • 11/26/2007 -- Marching to $100/bbl oil
    The push for $100/bbl oil may not be over.
  • 12/03/2007 -- NYMEX suffers week of losses
    During Nov. 26-30, the front-month contract for benchmark US light, sweet crudes sustained its largest weekly change and largest weekly decline ever.
  • 12/10/2007 -- OPEC holds pat on production
    As was generally expected, the Organization of Petroleum Exporting Countries agreed Dec. 5 not to raise crude production since commercial oil inventories remained at comfortable levels.
  • 12/17/2007 -- Economic factors whiplash energy prices
    The January crude contract for US light, sweet crudes on Dec. 12 closed in New York at $94.39/bbl, up $4.37 in the biggest 1-day gain since Jan. 30 and the highest closing since Nov. 27.
  • 12/31/2007 -- A December run for $100/bbl oil
    With many observers convinced they had seen the last major run up in oil prices for 2007, the market mounted another run at $100/bbl crude in late December.
Related Articles

Sole field enters into FEED stage

05/26/2015 Sole, the previously stranded natural gas field in eastern Bass Strait, has entered into the front-end engineering and design stage and its owners ...

Lukoil commissions new plant at Bulgarian refinery

05/26/2015 Lukoil Neftochim Burgas AD, a subsidiary of Russia’s OAO Lukoil, has commissioned a heavy-residue hydrocracking complex at its 9.8 million-tonne/ye...

Affected portion of ruptured California pipeline to be removed soon

05/26/2015 The affected portion of ruptured Plains All American Pipeline Line 901 is expected to be removed and replaced soon, a company official said on May ...

Eni makes another Area D strike offshore Libya

05/26/2015 Eni SPA estimates a natural gas and condensate discovery well in the Bouri North prospect offshore Libya can flow more than 3,000 boe/d when config...

Magnum Hunter selling noncore Utica acreage

05/26/2015 Magnum Hunter Resources Corp., Dallas said its wholly owned subsidiary Triad Hunter LLC has signed a definitive agreement to sell certain noncore u...

API-Ohio runs radio ads against proposed state severance tax

05/26/2015 The American Petroleum Institute launched a series of radio ads in Ohio urging people to call their state senators in opposition of any additional ...

Petronas starts production from Bukit Tua field off East Java

05/26/2015

Petronas reported startup of production from Bukit Tua field, and expects peak production to reach 20,000 b/d and 50 MMscfd.

La Jolla Conference: Regulations still constraining unconventional energy development

05/26/2015 While unconventional oil and gas production in the US remains mostly resilient amid the industry downturn, energy policy under the Obama administra...

Forest fire causes Cenovus to shutter Foster Creek facilities

05/26/2015 Cenovus Energy Inc. halted production on May 23 from its Foster Creek oil sands and Athabasca natural gas operations as a precaution due to a fores...
White Papers

Pipeline Integrity: Best Practices to Prevent, Detect, and Mitigate Commodity Releases

Commodity releases can have catastrophic consequences, so ensuring pipeline integrity is crucial for p...
Sponsored by

AVEVA’s Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations

There is constant, intensive change in the capital projects and asset life cycle management. New chall...
Sponsored by

Transforming the Oil and Gas Industry with EPPM

With budgets in the billions, timelines spanning years, and life cycles extending over decades, oil an...
Sponsored by

Asset Decommissioning in Oil & Gas: Transforming Business

Asset intensive organizations like Oil and Gas have their own industry specific challenges when it com...
Sponsored by

Squeezing the Green: How to Cut Petroleum Downstream Costs and Optimize Processing Efficiencies with Enterprise Project Portfolio Management Solutions

As the downstream petroleum industry grapples with change in every sector and at every level, includin...
Sponsored by

7 Steps to Improve Oil & Gas Asset Decommissioning

Global competition and volatile markets are creating a challenging business climate for project based ...
Sponsored by

The impact of aging infrastructure in process manufacturing industries

Process manufacturing companies in the oil and gas, utilities, chemicals and natural resource industri...
Sponsored by

What is System Level Thermo-Fluid Analysis?

This paper will explain some of the fundamentals of System Level Thermo-Fluid Analysis and demonstrate...
Available Webcasts

On Demand

The Future of US Refining

Fri, Feb 6, 2015

Oil & Gas Journal’s Feb. 6, 2015, webcast will focus on the future of US refining as various forces this year conspire to pull the industry in different directions. Lower oil prices generally reduce feedstock costs, but they have also lowered refiners’ returns, as 2015 begins with refined products priced at lows not seen in years. If lower per-barrel crude prices dampen production of lighter crudes among shale plays, what will happen to refiners’ plans to export more barrels of lighter crudes? And as always, refiners will be affected by government regulations, particularly those that suppress demand, increase costs, or limit access to markets or supply.

register:WEBCAST


Oil & Gas Journal’s Forecast & Review/Worldwide Pipeline Construction 2015

Fri, Jan 30, 2015

The  Forecast & Review/Worldwide Pipeline Construction 2015 Webcast will address Oil & Gas Journal’s outlooks for the oil market and pipeline construction in a year of turbulence. Based on two annual special reports, the webcast will be presented by OGJ Editor Bob Tippee and OGJ Managing Editor-Technology Chris Smith.
The Forecast & Review portion of the webcast will identify forces underlying the collapse in crude oil prices and assess prospects for changes essential to recovery—all in the context of geopolitical pressures buffeting the market.

register:WEBCAST


Optimizing your asset management practices to mitigate the effects of a down market

Thu, Dec 11, 2014

The oil and gas market is in constant flux, and as the price of BOE (Barrel of Oil Equivalent) goes down it is increasingly important to optimize your asset management strategy to stay afloat.  Attend this webinar to learn how developing a solid asset management plan can help your company mitigate costs in any market.

register:WEBCAST


Fleet Intelligence: How oil and gas firms can use telematics to reduce high severity losses and incur cost savings through better fleet management

Thu, Mar 31, 2011

In this hour-long program, oil and gas risk managers will learn how to employ telematics to help mitigate large, potentially catastrophic losses and improve the safety of their fleets.

register:WEBCAST


Emerson Micro Motion Videos

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected