Vantage Energy Acquisition Corporation (VEAC) will acquire Williston Basin assets as part of a $1.65 billion deal with QEP Energy Company, VEAC announced Nov.
The December futures price for a barrel of West Texas Intermediate (WTI) crude oil lost 54 cents Wednesday to settle at $61.67.
(Bloomberg) -- South Sudan’s optimism about restoring oil output to 350,000 barrels a day depends on the success of a recent peace deal and both are unlikely, according to Wood Mackenzie Ltd.
(Bloomberg) -- Oil prices are likely to be “biased to the upside” for the rest of the year as demand from refineries rises in November and December, according to Citigroup Inc.
(Bloomberg) -- Iraq’s semi-autonomous Kurds upgraded their oil gulf coast oil rig export pipeline to accommodate future oil rig flanges gulf coast production growth from their region as well as from the contested Kirkuk area controlled by the central government in Baghdad.
(Bloomberg) -- It’s the opposite of a meteoric rise.
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