Prices - Crude Oil

OPEC Compliance With Output Cut Rises In March

The reduction by the UAE has helped boost OPEC compliance this month with its production-cutting deal to 95%, up from an initial February estimate of 94% and a record high, according to Reuters surveys.


EIA: Crude Stocks Up; Gasoline, Diesel Decline

Crude oil inventories rose by 867,000 barrels in the week ending March 24, compared with analysts' expectations for an increase of 1.4 million barrels, the EIA said.


Russia, Iran To Continue Efforts To Curb Oil Output

Russia and Iran have pledged to continue efforts to rein in oil production and stabilize markets, the presidents of both countries said in a joint statement on March 28.


Oil Prices On The Rise Following Libya Supply Disruption

But crude was weighed down by a resurgence in U.S. shale oil production and the expectation that inventories would once again build, illustrating the global supply overhang that has depressed prices for three years.


A Pricey Permian May Still Work

Even with land prices shooting straight up, the Permian Basin still can make economic sense, says an RS Energy Group analyst.


Iraqi Oil Minister: Market May Influence Extending Cuts Into Second-Half 2017

The agreement has elevated the price of crude to more than $50/bbl, but it helped U.S. shale oil producers boost their output, hampering efforts to reduce global stockpiles, Reuters reported.


OPEC, Non-OPEC To Review Extending Output Cut Deal

A joint committee of ministers from OPEC and non-OPEC oil producers has agreed to review whether a global pact to limit supplies should be extended by six months.


Keystone XL Faces Short-Term Fury, Long-Term Demand

The controversial pipeline will fill a takeaway need as Canadian heavy oil production surges and Mexico’s output declines.


North Dakota Oil Spill From December Larger Than First Estimated

A crude oil spill in western North Dakota in December is now believed to be about three times bigger than originally estimated, pipeline owner True Cos. Inc. said March 24.


Update: Oil Rises In Late Trade, Still Down On The Week

Unless OPEC extends the curbs beyond June or makes bigger cuts, traders say oil prices are at risk of falling further.


Saskatchewan Reviewing Engineering Standards, Regulations For Pipelines Near Water

The government concluded that a buckle in the pipeline cracked and caused the spill due to ground movement on a slope of land over many years, mirroring Husky Energy Inc.'s earlier conclusion, Reuters reported.


Frac Spread: WTI’s Weakness Traps NGL Prices

Price of the NGL ‘barrel’ slinks to its lowest point since November.