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Futures Now: Crude oil forecast

The Futures Now team discusses the forecast for crude oil.

crude oilThe post Futures Now: Crude oil forecast appeared first on crude-oil.top.

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BP, SOCAR sign LOI for ACG field development off Azerbaijan

State Oil Co. of the Republic of Azerbaijan (SOCAR) and BP PLC-operated Azerbaijan International Operating Co. (AIOC) have signed a letter of intent for future development of Azeri-Chirag-Gunashli (ACG) field off Azerbaijan in the Caspian Sea.

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The Arctic Drilling Ban: Much Ado About Nothing?

Outgoing President Barack Obama is about to invoke a 1953 law in a bid to protect the Arctic and Atlantic shelf of the United States from the claws of the oil and gas industry, but below the surface it may just be theoretical. The Outer Continental Shelf Land Act, and more specifically its provision 12(a), has only been invoked a few times since the passing of the legislation and has always, until now, concerned discrete areas. This time will be the first when the provision is invoked to protect such large regions of the country’s shelf and…

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How Higher <b>Crude Oil</b> Prices Could Impact Coal Miners

Brent crude oil prices continued to trade around $55 per barrel on the back of the production curtailment agreement between OPEC (Organization of …The post How Higher <b>Crude Oil</b> Prices Could Impact Coal Miners appeared first on…

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Oilfield Services To See Spending Surge In 2017

Quick Take: 2017 Oilfield Service and Drilling Outlook from Bloomberg Intelligence Bloomberg Intelligence (BI) analysts Andrew Cosgrove and William Foiles presented a briefing on Wednesday on the outlook for U.S. oil services and drilling. The bottom line: U.S. shale developers will lead a rebound in oilfield service activity in 2017. Oil Price and CapEx Outlook The Bloomberg analysts expect the global oil market to tighten throughout next year, with demand expected to catch up with supply and inventories being gradually drawn down. But higher…

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Fleet Growth Squeezes <b>Crude Oil</b> Tanker Market

From January 2014 – October 2016 the crude oil tanker segment composing of VLCC, suexmax and aframax ships, had a net-fleet growth of 7.3 …The post Fleet Growth Squeezes <b>Crude Oil</b> Tanker Market appeared first on crude-oil.top.