crude oil prices

Crude Oil Prices Recovering Lost Ground

Since reaching a top of around $66 a barrel early this month, the price of a barrel of West Texas Intermediate (WTI) crude oil dipped nearly $7 a barrel before ...
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US Oil Rig Count Rises by 7 as Crude Price Remains Steady

In the week ended February 16, 2018, the number of land rigs drilling for oil in the United States totaled 798, up by seven compared to the previous week and ...
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OPEC Lifts 2018 Oil Supply Based on US Production Growth

In its Monthly Oil Market Report, released Monday morning, the Organization of the Petroleum Exporting Countries (OPEC) noted that the cartel's average price for its reference basket rose 7.7% to ...
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Major Oil Stocks Scare Off Short Sellers

Crude oil reached above $66 a barrel for the first time in over two years in late January and early February. However, the price has dropped significantly since then and ...
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US Oil Rig Count Skyrockets by 26, Crude Price Tumbles Below $59

In the week ended February 9, 2018, the number of land rigs drilling for oil in the United States totaled 791, up by 26 compared to the previous week and ...
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Congress Plans Sale of 100 Million Barrels of US Petroleum Reserve

The budget deal that Congress struck yesterday includes the sale of 100 million barrels of crude oil from the U.S. Strategic Petroleum Reserve (SPR) beginning in 2022. At today's prices ...
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Crude Oil Price Stumbles on Big Additions to Oil, Refined Products Stockpiles

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories increased by 1.9 million barrels last week, maintaining a total ...
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Is a Funding Pinch Coming in the US Shale Patch?

After examining plans announced by 33 of the largest U.S. shale oil producers, analysts at Rystad Energy determined that the producers need an additional $8.3 billion in funding, in addition ...
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US Oil Rig Count Rises by 6; Crude Price Bouncing Back

In the week ended February 2, 2018, the number of land rigs drilling for oil in the United States totaled 765, six more than in the previous week and up ...
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FTS International Closes in on IPO

FTS International has filed an amended S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). The company expects to price its 19.5 million ...
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Crude Oil Price Bounces on Addition to Commercial Inventories

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories increased by 6.8 million barrels last week, maintaining a total ...
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IPSCO Tubulars Gears Up for IPO

IPSCO Tubulars has filed an amended S-1 form with the U.S. Securities and Exchange Commission (SEC) for its initial public offering (IPO). The company intends to sell its 23.26 million ...
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Quintana Energy Announces Potential Pricing for IPO

Quintana Energy Services has filed an amended S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). The company intends to price its 9.26 ...
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Cactus Gears Up for IPO

Cactus has filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) for its initial public offering (IPO). The company intends to price its 21.43 million shares in ...
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US Oil Rig Count Jumps by 12, Crude Price Ignores the Increase

In the week ended January 26, 2018, the number of land rigs drilling for oil in the United States totaled 759, up by 12 compared to the previous week and ...
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