Oil & Gas

South Korea's purchases of U.S. oil and gas this year will hold to the rapid pace set in 2018, likely narrowing its trade surplus with the world's top economy further and bolstering its ties to Washington.

The EIA said on Oct. 31 that crude stocks rose 3.2 million barrels in the week to Oct. 26, less than analysts' expectations for a 4.1 million-barrel build.

U.S. energy firms this week cut the number of oil rigs operating to the lowest in almost nine months as some producers follow through on plans to cut spending despite an over 20-percent increase crude futures so far this year.

Brent Oil Recovers $70 Following Bullish U.S. Crude Inventory Data

Source: www.xinhuanet.com This Thursday's weekly U.S. crude inventories report by the American Petroleum Institute announced a draw of 4.50 million barrels in U.S. crude oil...

U.S. energy firms this week reduced the number of oil rigs operating for a fifth week in a row to its lowest in nearly a year as independent producers follow through on plans to cut spending on new drilling with the government cutting its growth forecasts for shale output.

U.S. Crude Oil Inventories Rise by 0.92M Barrels Last Week: EIA

Department of Energy Announces $39 Million for Oil and Natural Gas R&D Projects

The U.S. Department of the Interior on Wednesday gave conditional approval to privately-held Hilcorp's long-awaited oil and gas production facility in federal waters off Alaska.

U.S. Crude Oil Inventories Rose by 7.07M Barrels Last Week: EIA