Daily Oil & Gas and Wall Street Journal News
9/16/19 Analysts React to Saudi Oil Attack Posted on Sunday September 15, 2019
Analysts have their say on the development.
Iran to Release UK Flagged Oil Tanker Posted on Sunday September 15, 2019
Iran said that it will release a UK-flagged oil tanker it has detained for nearly two months.
Oil Jumps Most on Record After Attack Posted on Sunday September 15, 2019
Oil posted its biggest ever intraday jump to more than $71 a barrel after a strike on a Saudi Arabian oil facility removed about five percent of global supplies.
Oil Prices Down for the Week Posted on Thursday September 12, 2019
WTI and Brent futures declined for the fourth straight trading day Friday.
Trump Tentatively Agrees to Boost Biofuel Quota Posted on Thursday September 12, 2019
The White House plans to boost biofuel quotas in order to offset refinery waivers.
US Loses Another Dozen Oil, Gas Rigs Posted on Thursday September 12, 2019
The nation's number of active rigs dropped by 12 this week.
Gas Prices Could Return to Disco-Era Levels Posted on Thursday September 12, 2019
A vestige of the era of disco, bell-bottoms and stagflation could be making a comeback next year.
India Considers Selling Refining Stake to Overseas Oil Firm Posted on Thursday September 12, 2019
India is considering a plan to sell the nation's second-largest state refiner and fuel retailer to a global oil company as it explores options to give up its controlling stake in Bharat Petroleum Corp.
Venezuela Cannot Find Vessels to Ship Its Oil Posted on Thursday September 12, 2019
Exports of sanction-hit Venezuelan oil now face a new concern.
Rig Bosses Try to Win Back Investors Posted on Thursday September 12, 2019
Offshore drilling executives are trying to win back investors who have fled their stocks over the past year.
Wall Street Journal
WSJ.com: US Business
OxyContin Maker Purdue Pharma Files for Bankruptcy Purdue Pharma filed for bankruptcy protection with a partial deal aimed at resolving thousands of lawsuits filed by states and local municipalities accusing it of fueling the opioid crisis. United Auto Workers Go on Strike at GM's U.S. Factories Factory workers at General Motors went on a nationwide strike, in the United Auto Workers? largest work stoppage in more than a decade. Boeing's Board to Weigh Engineering, Safety Changes After MAX Crashes Boeing?s board is expected to consider revamping the aerospace giant?s engineering department as among the first tangible internal changes following two deadly crashes of its 737 MAX airliner. Saudi Officials Consider Delaying Aramco IPO The attacks on Saudi Arabia?s oil facilities are testing new top officials at the Saudi Arabian Oil Co. and the kingdom?s national oil ministry, adding fresh risk for investors hoping to take part in Aramco?s initial public offering. U.S. Insulated From Possible Supply Shock After Saudi Attack As the world faces the possibility of an oil supply shock after an attack on Saudi Arabia, the U.S. finds itself in the rare position of being able to help stabilize world markets. Saudi Oil Attack Is Unlikely to Dent U.S. Economy The strikes on Saudi oil facilities likely would have a limited direct effect on the U.S. economy, but could result in higher gas prices, potentially exerting an additional drag on slowing global growth, economists say. China's Economy Aches All Over as Beijing Seeks Trade Fix With the U.S. Economic activity in China cooled further in August, testing Beijing?s tolerance for slower growth as it seeks to ease trade tensions with the U.S.