Earning reports showing service sector had good first quarter. Higher oil prices, production growth also helping producers.
Given the lack of a fundamental basis and the rapid speed of the price rise, Stratas Advisors says the risk of a sharp price correction is rising.
Middle East tension pushes up crude oil, but the rise in price is supported by strong fundamentals.
Higher demand, increased exports, shrinking inventories create super outlook for ethane.
Both price and production are primed for a growth spurt, says Raymond James.
In a recent report, analyst Subash Chandra points to ‘some surprising successes’ regarding natural gas prices and supply-and-demand fundamentals.
Ethane prices rise as margins widen in concert with the introduction of Cedar Bayou cracker.
Strong growth in U.S. oil production will put pressure on the cartel and allies to maintain its agreed output.
Pompeo’s ascension to secretary of state could signal a hardline approach to Iran and Venezuela, which could impact global oil prices.
Oil prices rose on April 26, supported by expectations of renewed U.S. sanctions on Iran, declining output in Venezuela and continuing strong demand.
Pipeline from north of country to Indian Ocean port is expected to cost $2 billion.
Dogged by ethics investigations, the EPA administrator will appear before two House subcommittees to defend his agency’s budget request and policies.
At DUG Rockies, Hess Corp.’s vice president of onshore, Barry Biggs, told the audience the Bakken is a key driver of U.S. production growth.
Chinese refiner slashed May shipments by 40%, citing poor economics compared to other crude oil on the market.
Whiting Petroleum President and CEO Brad Holly kicked off DUG Rockies by counting four reasons the Bakken is attractive.
Talk of tariffs unsettles mood at CERAWeek conference.
By mid-season (summer, that is) the ethane spread will be knocked out of the park.
Growth in Bakken production leads to NGL takeaway projects.
Oversupply of propane with diminished demand creates a correction.
U.S. LNG association president says few newly created industries can rival the potential economic benefits of U.S. LNG.
Delaware Basin facility will have an ultimate capacity of 260 MMcf/d.
New $3.4 billion plant has capacity of 8 Bcm a year.
Change in rules reflects a bid to develop the country’s north.
Despite political uncertainty, the opportunity still remains for big gains for the early investors.
Fine of $12.6 million will be available for pollution and clean water projects along the pipeline corridor.
U.S. exporters would have to scramble to find new markets if China follows through on possible retaliation, say experts.
Deal frees Encana to pursue its condensate-focused growth strategy in the Montney.
Targa will also extend its Grand Prix NGL pipeline into Oklahoma.
Pennsylvania regulator must approve resumption of drilling for Mariner East 2.
The two nations plan to draw up a joint strategy for sourcing crude oil from the international market.
While companies are finally seeing black in the financial reports again, oil and gas jobs are still lagging, a Conference Board of Canada study revealed.
Subsidiary of ETP solicits shippers for a diesel fuel pipeline to West Texas.
Saudi Aramco took the first steps to integrating a petrochemicals business into the biggest oil refinery in the U.S., which is operated by its subsidiary Motiva Enterprises.
New unit in Baytown, Texas will be one of the largest and most-efficient crackers in the world.