More Economics & Oil Market News

Mexican proposal seeks Pemex profit-sharing

A proposal for hydrocarbon revenue by Mexican President Enrique Pena Nieto provides a hint about a possible structure for oil and gas investment by outsiders in Mexico, says a legal update by the law firm Mayer Brown.

MARKET WATCH: Oil, gas prices gain back losses in waffling market

The NYMEX November crude contract gained $1.40 on Oct. 10, settling at $103.01/bbl. The December contract jumped $1.46 to $102.89/bbl.

MARKET WATCH: Crude prices fall on news of stock build

Crude oil futures prices fell Oct. 9 on news of a larger-than-expected build in inventories from the US Energy Information Administration. Natural gas prices also dipped.

EIA: Household gas spending to rise 13% during 2013-14 heating season

In its most recent Short-Term Energy and Winter Fuels Outlook, the US Energy Information Administration outlined that it expects US households heating with natural gas to spend an average $679 this winter, up 13% from last winter but still lower than the previous 5-year average.

Speakers say innovation to sustain North American gas boom

Innovation will sustain the North American boom in natural gas production from unconventional resources despite an extended period of low prices.

MARKET WATCH: WTI ‘more vulnerable’ than Brent to price slide

Brent crude oil will be “well supported on approach of $100/bbl despite yesterday’s global growth forecast downgrade by the [International Monetary Fund],” according to analysts at Standard New York Securities Inc., the Standard Bank Group.

MARKET WATCH: US crude futures fall on budget, debt ceiling uncertainties

Crude oil futures prices fell Oct. 7 in trading on the New York market as traders and analysts cited concerns about the budget stalemate in Washington, DC, and the possibility of a US debt default unless lawmakers raise the debt ceiling before an Oct. 17 deadline.

MARKET WATCH: Pressure ‘building’ on oil prices following rally

The pressure on oil prices—which were experiencing somewhat of a rally early in this year’s second quarter that accelerated in the third quarter—has started to build, according to an Oct. 4 commodity research note from ABN-AMRO Bank NV.

MARKET WATCH: Crude futures price slide won’t help demand growth

Crude futures continued their decline Oct. 3 on the third day after the partial shutdown of the US government, and analysts conveyed their strong concerns.

NGSA: ‘Neutral pressure’ on gas prices expected this winter

Based on an analysis of the economy, weather, demand, production, and storage, the Natural Gas Supply Association expects flat price pressure on the natural gas market compared with last winter, NGSA said in its 13th annual Winter Outlook 2013-14

IEA: Southeast Asia sees higher oil import dependence

Southeast Asia’s growing energy consumption is leading to the region’s increasing reliance on oil imports, imposing high financial costs and external vulnerability on the region’s economies, according to the most recent World Energy Outlook report released by the International Energy Agency.

MARKET WATCH: Oil futures escalate on TransCanada pipeline news

Crude oil futures prices shot up Oct. 2 to settle $2.06/bbl higher than the previous day on the New York market after TransCanada Corp. said the southern portion of Keystone XL pipeline was nearing completion.

Undecided policies key to gas exports from Israel, Cyprus

Several options remain open for export of natural gas from large deepwater discoveries offshore Israel and Cyprus as operators await important clarifications of policy.

TAEP’s Texas Petro Index sets another record in August

The Texas Petro Index, a composite index based on a comprehensive group of upstream economic indicators, reached a record-high 289.8 in August, surpassing the previous record of 288.2 set in July.

MARKET WATCH: Oil futures fall as US government shutdown threatens crude demand

Benchmark light, sweet crude oil futures prices fell Oct. 1 for a third consecutive trading session on the New York market amid rising concerns that a partial US government shutdown could reduce crude demand.

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Optimizing Careers for Oil and Gas Leaders Through Professional Short Courses at Colorado School of Mines

Optimizing Careers for Oil and Gas Leaders Through Professional Short Courses at Colorado School of Mines

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