2019 US Oil Output to Average 12MM Barrels Per Day
U.S. crude oil oil rig flanges gulf coast production will average 12.1 million barrels per day in 2019, according to the EIA's latest short-term energy outlook.



Oil Futures Edge Upward
Despite cold temps in much of the US, natural gas is down again.

West Texas Intermediate (WTI) crude oil for February delivery settled at $52.31 per gallon Wednesday, reflecting a 20-cent gain.



Offshore Australia Project Marks Step-Change
Subsea 7 and Schlumberger's OneSubsea will deliver a new subsea flowline to an existing natural gas pipeline. PHOTO SOURCE: Subsea Integration Alliance



Oil Halts Drop Near $51
Oil halted its retreat near $51 a barrel on forecasts for a drop in U.S. inventories and as a rebound in equities signaled investor interest in risk assets was improving.



Halliburton Names New Western Hemisphere President
The oil services giant has promoted Mark Richard as president for the Western Hemisphere.

In the latest of many executive changes in recent months, Halliburton Co.



Permian Shale Oil Boom Holds Mixed News for OPEC
For OPEC, good news often comes hand-in-hand with bad news.

(Bloomberg) -- The year has barely begun but it’s already shaping up nicely for OPEC, with crude rebounding sharply after the worst fourth-quarter performance since 2014.



Crude Oil Bounces Back
Tuesday's trading bolstered the case for the 2019 crude oil comeback story.

After starting the week losing more than 2 percent of their value, the West Texas Intermediate (WTI) and Brent crude oil futures contracts regained momentum Tuesday.



Ophir Energy's Board Rejects Medco's Takeover Proposal
Ophir's board unanimously rejected the proposal, saying it's undervaluing Ophir.

London-based Ophir Energy plc has rejected Indonesian oil and gas BOP Blow Out Preventer repair company gulf coast PT Medco Energi Global PTE Ltd (Medco)’s takeover offer, Ophir announced Jan.



Demand Biggest Psychological Headwind for Oil
Demand is the biggest psychological headwind for oil right now, according to RBC Capital Markets.

Demand is the biggest psychological headwind for oil right now.



Saudis Say OPEC+ Cuts Provided US Shale Lifeline
Saudi Arabia's energy minister has no quarrels with U.S. shale and even sees output cuts by OPEC and its allies as directly aiding American drillers.

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