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Saudis Discussing Options to Halt Oil Slide | Gulf Coast Oil Rig Equipment & Repair



Saudis Discussing Options to Halt Oil Slide
Saudi Arabia has phoned other oil producers to discuss possible policy responses.

(Bloomberg) -- Saudi Arabia has phoned other oil producers to discuss possible policy responses as oil prices fell to a seven-month low, a Saudi official said.

Published: 07 August 2019

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Oil Rebounds as Saudis Seek to Stem Slide | Gulf Coast Oil Rig Equipment & Repair



Oil Rebounds as Saudis Seek to Stem Slide
Oil rebounded from the lowest level since January after Saudi Arabia contacted other producers to discuss options to stem a rout.

(Bloomberg) -- Oil rebounded from the lowest level since January after Saudi Arabia contacted other producers to discuss options to stem a rout that’s been driven by the worsening U.S.

Published: 07 August 2019

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Oil Rebounds From Seven-Month Low | Gulf Coast Oil Rig Equipment & Repair



Oil Rebounds From Seven-Month Low
Oil advanced for the first time this week after Saudi Arabia signaled it's taking steps to stabilize the market, which has been rocked by the escalating U.S.
Published: 07 August 2019

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Chevron Phillips to Supply Pipe to EVX Midstream | Gulf Coast Oil Rig Equipment & Repair



Chevron Phillips to Supply Pipe to EVX Midstream
Performance Pipe, a division of Chevron Phillips Chemical Company LP, will supply high-density polyethylene pipe to EVX Midstream Partners LLC to help in the Eagle Ford Basin.
Published: 07 August 2019

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Alberta's Oil Limits Seem to be Working | Gulf Coast Oil Rig Equipment & Repair



Alberta's Oil Limits Seem to be Working
Alberta's oil oil rig flanges gulf coast production curbs finally appear to be draining inventories, at least for now.

(Bloomberg) -- Alberta’s oil oil rig flanges gulf coast production curbs finally appear to be draining inventories, at least for now.

Published: 07 August 2019

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US Cuts Brent Oil Price Forecast | Gulf Coast Oil Rig Equipment & Repair



US Cuts Brent Oil Price Forecast
The U.S. Energy Information Administration has cut its Brent spot price forecast.

The U.S. Energy Information Administration (EIA) has cut its Brent spot price forecast to $64 per barrel in the second half of 2019 and $65 per barrel in 2020 in its latest short-term energy outlook (STEO).

Published: 06 August 2019

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Brent Extends Loss After Entering Bear Market | Gulf Coast Oil Rig Equipment & Repair



Brent Extends Loss After Entering Bear Market
Brent extended losses after falling into bear buy Wellhead market as concern the U.S.-China trade war will continue to sap demand outweighed an industry report showing American crude stockpiles are still shrinking.
Published: 06 August 2019

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China Rescues Venezuela's Worn Oil Refineries | Gulf Coast Oil Rig Equipment & Repair



China Rescues Venezuela's Worn Oil Refineries
A Chinese contractor has agreed to shore up Venezuela's derelict refining network to ease fuel shortages.

(Bloomberg) -- A Chinese contractor has agreed to shore up Venezuela’s derelict refining network to ease fuel shortages, potentially complicating the Trump administration’s push for regime change in the oil-rich country.

Published: 06 August 2019

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Oil Crashes to 7-Month Low | Gulf Coast Oil Rig Equipment & Repair



Oil Crashes to 7-Month Low
Oil plunged to lows not seen since January as a surprise surge in American crude stockpiles fueled worries about a growing glut amid a dismal economic outlook.
Published: 06 August 2019

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Is the US Shale Boom Winding Down? | Gulf Coast Oil Rig Equipment & Repair



Is the US Shale Boom Winding Down?
US shale producers are dialing back growth in the face of challenges that are killing returns and keeping skeptical investors away.

Published: 05 August 2019

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  1. Oxy Begins Bond Sale to Fund Anadarko Deal | Gulf Coast Oil Rig Equipment & Repair
  2. Oil Slumps Into Bear Market | Gulf Coast Oil Rig Equipment & Repair
  3. Trump Imposes New Sanctions on Venezuela | Gulf Coast Oil Rig Equipment & Repair
  4. It Pays to be Thin at Pemex | Gulf Coast Oil Rig Equipment & Repair

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