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Jessica Resnick-Ault

Oil rises above $62/bbl on hopes for U.S.-China trade deal

07 Nov 2019

NEW YORK Oil rose above $62 a barrel on Thursday after China hinted at progress towards a trade deal with the United States, raising hopes for an end to a long dispute that has weighed on economic growth and demand for fuel.

U.S. oil output soars to record 12.4 million bpd in August: EIA

31 Oct 2019

NEW YORK U.S. crude production soared nearly 600,000 barrels per day in August to a record of 12.4 million, buoyed by a 30% increase in Gulf of Mexico output, according to government data released on Thursday.

UPDATE 2-U.S. oil output soars to record 12.4 mln bpd in August -EIA

31 Oct 2019

NEW YORK, Oct 31 U.S. crude production soared nearly 600,000 barrels per day in August to a record of 12.4 million, buoyed by a 30% increase in Gulf of Mexico output, according to government data released on Thursday.

Oil falls on hike in U.S. crude stockpiles, trade deal concerns

30 Oct 2019

NEW YORK Oil prices fell on Wednesday after a steep U.S. crude inventory build added to worries about a possible delay in resolving the U.S.-China trade war, which has hurt global oil demand.

Small U.S. oil and gas companies get cold shoulder from large banks

28 Oct 2019

NEW YORK The largest banking lenders to the U.S. oil and gas sector are becoming more cautious, marking down their expectations for oil and gas prices that underpin loans in a move expected to put further financial stress on struggling producers, industry and banking sources said.

Small oil-and-gas companies get cold shoulder from large banks

28 Oct 2019

NEW YORK, Oct 28 The largest banking lenders to the oil and gas sector are becoming more cautious, marking down their expectations for oil and gas prices that underpin loans in a move expected to put further financial stress on struggling producers, industry and banking sources said.

Exxon Mobil seeks buyer for Montana refinery: sources

25 Oct 2019

NEW YORK Exxon Mobil Corp is seeking a potential buyer for its roughly 60,000 barrel per day Billings, Montana refinery, according to three sources familiar with Exxon’s plans.

Oil prices rise as OPEC mulls deeper output cuts

22 Oct 2019

NEW YORK Oil prices rose on Tuesday after China signaled progress in trade talks with the United States and OPEC and its allies mulled deeper production cuts, but gains were capped by forecasts of a buildup in U.S. crude stockpiles.

Exclusive: Whiting Petroleum in deal talks with smaller rival Abraxas Petroleum - sources

14 Oct 2019

Whiting Petroleum Corp , an oil and gas producer with operations in North Dakota and Colorado, is in deal talks with San Antonio-based Abraxas Petroleum Corp , two people familiar with the matter told Reuters.

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