More Economics & Oil Market News

MARKET WATCH: Oil prices climb after Fed’s announcement

Crude oil futures rose on Sept. 18 after the US Federal Reserve announced plans to continue an economic stimulus program in a move that surprised oil traders and investors.

Lease accounting proposals worry operators, contractors

Oil and gas operators, drilling contractors, and their trade associations have voiced concern about proposed accounting changes they fear would complicate contractual relationships, confuse investors, and raise administrative costs.

MARKET WATCH: Oil prices drop again awaiting inventory reports

Crude oil prices fell on New York and London markets Sept. 17 as concerns about a military strike on Syria eased and Libyan oil production started coming back onto the international market following labor strikes at export terminals.

MARKET WATCH: Oil prices continue falling as Syria risk apparently lessens

Oil futures prices reached their lowest level in 3 weeks with the Sept. 16 closing while the US and Russia agreed to terms under which Syria is expected to submit chemical weapons to international officials, reducing the likelihood of a military strike and possible disruption to Middle Eastern crude supplies.

MARKET WATCH: Oil prices end week slightly down

The October contract for benchmark US light, sweet crudes on the New York Mercantile Exchange fell 39¢ on Sept. 13, settling at $108.21/bbl.

IEA: Global oil demand to average 92 million b/d in 2014

Global oil demand is forecast to average 92 million b/d in 2014, up from 90.9 million b/d in 2013, according to the International Energy Agency’s most recent Oil Market Report.

MARKET WATCH: Geopolitical risk premium ‘repriced’ in global oil markets

The geopolitical risk premium in the world’s oil markets has been “repriced” for now, according to analysts at Barclays Capital Inc.

EIA: Production outages tightened global oil market in August

Unplanned liquid fuels production outages, peaking summer demand, and rising concerns over the conflict in Syria and its regional implications contributed to a tighter global oil market in August, according to the US Energy Information Administration’s most recent Short-Term Energy Outlook.

MARKET WATCH: Oil prices rise modestly on talk of disarming Syria

Oil prices rose moderately on New York and London markets on Sept. 11, the day after US President Barack Obama said he will consider a Russian proposal in which Syria turns over its chemical weapons to the international community to be destroyed.

MARKET WATCH: Oil prices drop on hopes for diplomatic resolution in Syria

Oil prices plunged on New York and London markets on Sept. 10 on expectations that US President Barack Obama would try to resolve a conflict with Syria through diplomatic channels, possibly averting a military air strike on that country.

MARKET WATCH: Oil prices drop on news Syria will give up chemical weapons

Crude oil prices fell sharply on news that the likelihood of a US military attack on Syria appeared to be lessening after Russia’s proposal that the Syrian government give up its chemical weapons.

Canada ready to match US GHG reduction goals, Oliver says

Canada is prepared to coordinate meeting greenhouse gas reduction targets with the US, particularly from conventional and unconventional oil and gas production, Natural Resources Minister Joe Oliver said following a meeting with US Sec. of Energy Ernest J. Moniz.

Study assesses ‘critical uncertainties’ of N. American gas

LNG exports and consumption of natural gas for power generation will strongly influence North American gas markets and movements through 2030 but remain “critical uncertainties,” according to a new study.

MARKET WATCH: Oil prices continue upward climb

The October contract for benchmark US light, sweet crudes on the New York Mercantile Exchange rose $2.16 on Sept. 6, settling at $110.53/bbl.

MARKET WATCH: Crude prices continue upward momentum

The October contract for benchmark US light, sweet crudes on the New York Mercantile Exchange closed at $108.37/bbl on Sept. 5, an increase of $1.14 from the previous day.

Market Connections

IMC Global

Payment Clerk & Office Asst.

IMC is offering a position of Payment Clerk & Office Asst. Earn extra income, Flex. schedule + benefits that takes only little of your time. Re...
Montana Tech

Mechanical Engineering Asst/Assoc Professor

Mechanical Engineering Asst/Assoc Professor; The successful candidates will be responsible to teach undergraduate and graduate Mechanical Engineer...
Missouri University of Science and Technology/Geological Sciences and Engineering Department is NOW HIRING: Assistant/Associate Professor of Petroleum Engineering in Reservoir Characterization.

Assistant/Associate Professor of Petroleum Engineering in Reservoir Characterization

Missouri University of Science and Technology/Geological Sciences and Engineering Department is NOW HIRING: Assistant/Associate Professor of Petrol...
idahodepartmentofland

STATE OF IDAHO NOTICE OF SALE OF OIL AND GAS LEASES

NOTICE IS HEREBY GIVEN that the State Board of Land Commissioners of the State of Idaho, pursuant to IDAPA 20.03.16, will offer oil and gas leases ...
Increas YOUR Foundational Knowledge of Oil & Gas

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

Oil & Gas Conferences

  • List View
Event Title Date Type

Offshore Middle East Conference & Exhibition

January 26, 2015
Stay Connected