News

CNBC Energy

Venezuelan refugee crisis could eclipse Syria's, economist predicts
The Venezuelans fleeing their crisis-torn nation may soon overshadow the number of Syrian refugees, an economist said.

Fundamentals and trading patterns show US oil is headed higher
Weekly patterns on US oil trading show how the market has assessed fundamentals.

Oil markets mixed on lower Canadian flows, firmer dollar
Oil markets were split, with U.S. crude was pushed up by reduced flows from Canada while international Brent prices eased.

Geopolitical risk has heightened as a factor in crude oil prices
Crude prices are back on the upswing as demand, output curbs and geopolitical risk combine in market views, says Matthew Smith of ClipperData.

China is pumping cash into Pakistan, but that might not convince other foreign investors
It remains to be seen how China's Belt and Road spending will impact Islamabad's profile as an investment destination.

WorldOil

Oil climbs above $62 amid producer promises to support markets
Crude climbed above $62/bbl for the first time in more than a week as an alliance of some of the world’s largest oil producers signaled further cooperation to tighten supplies through the end of the year.

Interior sets date for largest oil, gas lease sale in U.S. history
In support of President Donald J. Trump's ‘America-First Offshore Energy Strategy,’ Deputy Secretary of the Interior David Bernhardt announced that the Department will offer 77.3 million acres offshore Texas, Louisiana, Mississippi, Alabama, and Florida for oil and gas exploration and development.

Noble Energy announces execution of gas sales agreements for export of gas to Egypt
Noble Energy, Inc., has announced that it has signed agreements to sell significant quantities of natural gas from Leviathan and Tamar fields to Dolphinus Holdings Limited to supply gas in Egypt.