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What's Affecting Oil Prices This Week (July 16, 2018)?
Brent and WTI both fell last week as supply outages eased and Russia and other producers continued to reiterate that they could provide additional supplies if needed.
HEADLINES: Industry Watches New EPA Leadership; Trump Criticizes Germany
Also in the headlines this week, the EIA reported U.S. crude stocks fell nearly 13 million barrels last week. Oil prices rebounded on the news but then later retreated
What's Affecting Oil Prices This Week (July 9, 2018)?
Brent prices were nearly flat, up only 37 cents to average $77.56/bbl. WTI prices saw more support, rising nearly $2 to average $73.71/bbl.
HEADLINES: Will Mexico's President-Elect Get Along With US Oil, Gas?
Chevron joins other majors in scaling back North Sea presence.
Jessica Morales, Hart Energy
Marcellus-Utica Moving Forward, Here To Stay
At DUG East, executives and experts touted Appalachia’s natural gas potential and pick up in infrastructure projects.
What's Affecting Oil Prices This Week (July 2, 2018)?
Brent prices rose $2.44/bbl to average $77.19/bbl. WTI prices rose $5.54/bbl to average $71.79/bbl.
HEADLINES: GE's Divestiture Might Be Good For Baker Hughes
Also this week, U.S. and Russia energy leaders talked Nord Stream 2 at the World Gas Conference, while Chevron and Exxon Mobil CEOs expressed trade conflict concerns.
What's Affecting Oil Prices This Week (June 25, 2018)?
In the week since our last edition of What's Affecting Oil Prices, Brent prices fell nearly a dollar to average $74.75/bbl after the OPEC meeting.
Headlines: OPEC Considers Output; US Shale Producers Talk Tariffs
Also this week, Drillinginfo Co-founder Allen Gilmer discusses the company's bevy of recent deals.
What's Affecting Oil Prices This Week (June 18, 2018)?
Brent prices fell $0.27/bbl to average $75.69/bbl while WTI actually saw some recovery, up $0.87/bbl to average $66.21/bbl.
HEADLINES: Saudi Energy Minister Calls OPEC Output Boost ‘Inevitable’
Also this week, Phillips 66 to expand Texas NGL project. Meanwhile, Exxon Mobil and Plains pursue Permian pipeline JV and Pioneer sells Colorado assets.
What's Affecting Oil Prices This Week (June 11, 2018)?
Barring a geopolitical surprise, we expect that Brent will average around $75/bbl this week, with highs seen early in the week before leveling off after the Singapore summit.