Oil and Gas News

January 08, 2015

Top Five Factors Affecting Oil Prices In 2015
Washington DC (SPX) Jan 08, 2015
Top Five Factors Affecting Oil Prices In 2015 As we ring in the New Year, let's take stock of where we are at with the oil markets. 2014 proved to be a momentous one for the oil markets, having seen prices cut in half in just six months. The big question is what oil prices will do in 2015. Oil prices are unsustainably low right now - many high-cost oil producers and oil-producing regions are currently operating in the red. That may work in the short-term, but over the medium and long-term, compani ... read more

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Jan 07

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Jan 02

Jan 01

China to invest $20 bn in struggling Venezuela: Maduro China has agreed to more than $20 billion in investments in economically struggling Venezuela, the South American nation's president Nicolas Maduro said Wednesday during a summit meeting in Beijing. ... more		Shale player pulls plug on Ukraine The economic climate in Ukraine is no longer conducive to continue investing in shale natural gas opportunities, producer JKX Oil & Gas said Wednesday. ... more		Canada jumps into Keystone XL fray Alberta's premier said he was planning a trip to Washington to make the case that the Keystone XL oil pipeline is in the best interest of the region. ... more
				Oil mixed in Wednesday session Mixed news on the economic and oil front Wednesday left markets in limbo, with key indices searching for traction after hitting historic lows. ... more		Freezing rain impacts Texas oil operations It's not oil prices, but extreme winter weather that's impacting production and drilling operations in the Permian shale oil basin in Texas, an operator said. ... more

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North Dakota defiant despite low oil prices If low oil prices threaten North Dakota spending plans, the state's governor said he had confidence lawmakers would take measured steps to cope. ... more		Shell compensates Nigerians over 'devastating' oil spills Royal Dutch Shell is to pay more than $80 million to a Nigerian fishing community "devastated" by two serious oil spills in 2008, it was announced Wednesday, while the clean-up could take years. ... more		Typhoon Ragasa hits south China after killing 15 in Taiwan Toxic homes a lasting legacy of Los Angeles fires Climate change causing havoc with global water cycle: UN		Lundin's budget latest oil price victim With oil prices falling, Swedish energy company Lundin Petroleum said Wednesday it cut its 2015 spending plans by 31 percent from last year. ... more
				Energy Crisis As Early As 2016 Low oil prices today may be setting the world up for an oil shortage as early as 2016. Today we have just 2% more crude oil supply than demand and the price of gasoline is under $2.00/gallon in Texa ... more		Keystone XL job No. 1, GOP says With the Republican-led Congress taking its seat Tuesday, lawmakers say passing the Keystone XL oil pipeline is job No. 1 for the U.S. economy. ... more

Startup in the Land of the Rising Sun; A Japanese Solar Venture - by Bradley L. Bartz

AAA: Gas prices should stay low short-term Oil prices should stay low as supplies offset most production shortfalls, meaning U.S. drivers can expect to pay less for gasoline through 2015, AAA said. ... more		Moroccan shale continues to impress Gulfsands Petroleum, a company exploring the emerging shale potential in Morocco, said Tuesday exploration results there were better than expected. ... more		NASA says on track to send astronauts around the Moon in 202 NASA launches mission to study space weather NASA's ESCAPADE craft returns to Florida for fall mission to Mars		Riyadh holds to oil line, prices drop further Word that OPEC kingpin Saudi Arabia would defend its economic interests sent an already battered oil market into a tailspin during the Tuesday session. ... more
North American rig activity slowing The number of rigs actively exploring for or producing hydrocarbons in North America declined more than three percent, oil services company Baker Hughes said. ... more		Venezuelan leader turns to China amid oil collapse Sliding oil prices have sent Venezuela on a downward spiral - and sent President Nicolas Maduro on a trip to China to make an urgent appeal for cash. ... more		API disappointed with Keystone XL veto threat A sign from the White House that bills meant to approve Keystone XL would be met with a veto is disappointing, the American Petroleum Institute said Tuesday. ... more		Chevron finds oil in Gulf of Mexico U.S. energy company Chevron said its latest major oil discovery in the Gulf of Mexico anchors its position as a global leader in deep water activity. ... more

	IHS: Islamic State financing war campaign with oil Oil is fueling the war chest for the group calling itself the Islamic State by more than $2 million per day, a study from consultant group IHS said. ... more		Iranian economy tied too hard to oil, commissioner says The Iranian government should work to take oil revenue out of its total budget to protect the economy from market dynamics, a commissioner said Tuesday. ... more

US lawmaker warns of military 'misunderstanding' risk with China

Spain approves 'total' arms embargo against Israel

Khamenei says Iran 'won't yield' to pressure to abandon uranium enrichment

Fracking confirmed as cause of rare 'felt' earthquake in Ohio		Statoil's new North Sea operations will run by remote control		Iran breaking economic ties with oil		Milestone for Kurdish oil, companies announce		Oil beats other commodities for recent losses
Libya air force says bombed tanker in Islamist-held port		Croatia awards offshore licenses		Iraq oil exports soar but low prices hit revenue		Libyan oil tanker struck off Singapore's coast		Venezuela's Maduro heads to China to seek financial aid

Croatia grants 10 Adriatic energy exploration licences

Parts of Libya in the dark

Cyprus warns Turkey against any new energy moves

Iran's non-oil exports on the rise

Did The Saudis And The US Collude In Dropping Oil Prices?

Russia takes more action to prop up ruble

U.S. oil export policies increasingly fluid

Baker Hughes: U.S. rig count up from last year

Crude oil prices slide on last day of 2014

U.S. clears Texas LNG export terminal

Libya pro-government forces shoot down militia chopper

Gazprom Neft hails oil success in Iraq

Venezuelan economy slips into recession

UN sees 'limited' impact of Bangladesh's Sundarbans oil spill

Gazprom buys out South Stream partners

Car bomb near Syria gas plant kills 9: monitor

British energy players facing tight purse strings

Libya's losses mount as oil terminal burns

China's largest inland oil field depleting

The state of shale

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