US Control of Venezuela Oil Risks Debt Restructuring Showdown with China
(Reuters) – U.S. control of Venezuela’s oil exports has ensnared barrels that had been servicing debt to China, lining up another potential showdown between the two superpowers that could further…
US Natgas Futures Surge 68% This Week on Frigid Weather Forecasts
(Reuters) – U.S. natural gas futures rose on Friday and has gained over 68% so far this week, lifted by forecasts for extreme cold over the next two weeks that…
US, Kazakhstan Energy Ministries Discuss Cooperation
(Reuters) – Kazakhstan’s energy ministry said on Friday that it had held talks on energy cooperation with the U.S. Department of Energy and the U.S. embassy in the Central Asian…
SLB Beats Quarterly Profit Estimates on Strong North America Activity
(Reuters) – SLB beat Wall Street estimates for fourth-quarter profit on Friday, helped by steady demand for its oilfield equipment and services in North America. U.S. crude production was expected…
How the U.S. Controls Iraq’s Oil Revenues
(Reuters) – The United States, since its 2003 invasion of Iraq, has held effective control over the country’s oil revenue dollars, giving Washington extraordinary leverage over Baghdad’s affairs, with implications…
North Dakota Oil Production up 12,000 bpd in November vs October to 1,189,000 bpd – State Regulator
(Reuters) – Oil production in North Dakota rose 12,000 barrels-per-day (bpd) to 1,189,000 bpd in November, monthly data from the state Industrial Commission showed. Bakken and Three Forks oil production…
North Dakota Crude Output Down on Cold Weather Snap, State Regulator Says
(Reuters) – HOUSTON, Jan 23 – North Dakota crude output is currently down by 80,000 barrels per day to 110,000 bpd as operators shut production in due to cold weather,…
Oil Prices Rise on Trump’s Iran ‘Armada’ Comments and Kazakh Outage
Summary Get the Latest US Focused Energy News Delivered to You! It’s FREE: Oil prices had dropped on Thursday as Greenland tension subsided Supply disruption concerns offered price support Kazakhstan’s…
Halliburton Exports Its Oil Gear as Fracking Goes Global
The oil-services giant is moving idled equipment overseas as US shale growth slows Fuel storage tanks at a Halliburton Co. facility in Port Fourchon, Louisiana.Photographer: Luke Sharrett/Bloomberg Halliburton Co. just…
US Won’t Offer On-the-Ground Security to Oil Firms in Venezuela
The Trump administration has no plans to directly provide security to oil producers in Venezuela, according to Energy Secretary Chris Wright. Wright said the US involvement in controlling the flow…
