Oil Prices Mixed Amid Tensions in Iraq

U.S. shale oil producers expected to bring more oil online

Crude Oil: 52.23 barrel, Natural gas: 3.135/MMBtu, Gold: $1277.20 per troy oz


News:

Oil prices fluctuated Monday as investors tried to gauge the potential for supply disruptions resulting from tensions in the oil-rich Kurdish region of Iraq.

U.S. crude futures settled up 6 cents, or 0.12% to $51.90 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, fell 38 cents, or 0.66%, to $57.37 a barrel on ICE Futures Europe.

Read More.

Resource: WSJ


oil gas processing plant epc turnkey consulting managementAlgaProcessing LLC specialize in business process consulting for the oil and gas industry with the commitment to increase productivity and maximize profit by sharing wealth of knowledge in Consulting, Coaching and Management.

Contact:
6200 SAVOY DR. HOUSTON, TX 77036 U.S.A
+1.713.428.2827
Melissa.smith@algaprocessing.com

Read More

Oil Prices Fall on Concerns Over Rising U.S. Production

Oil stored at the delivery point for U.S. stocks increased by 1.3 million barrels

Crude Oil: 50.73 barrel, Natural gas: 2.995/MMBtu, Gold: $1296.00 per troy oz


 News:

Oil prices fell Thursday, as concerns that rising U.S. production will offset efforts to rebalance the market resurfaced.

U.S. crude futures closed down 70 cents, or 1.4%, at $50.60 a barrel on the New York Mercantile Exchange, ending a three-session winning streak. Prices slightly pared losses after falling as much as 2.2% earlier in the session. Brent, the global benchmark, declined 69 cents, or 1.2%, to $56.25 a barrel.

Data…Read more.

Resource: WSJ


oil gas processing plant epc turnkey consulting managementAlgaProcessing LLC specialize in business process consulting for the oil and gas industry with the commitment to increase productivity and maximize profit by sharing wealth of knowledge in Consulting, Coaching and Management.

Contact:
6200 SAVOY DR. HOUSTON, TX 77036 U.S.A
+1.713.428.2827
Melissa.smith@algaprocessing.com

Read More

Oil Climbs After Saudi Arabia Cuts Exports

Kingdom to export 7% less crude by sea in November as part of OPEC’s efforts to stabilize prices

Crude Oil: 49.55 barrel, Natural gas: 2.836/MMBtu, Gold: $1286.80 per troy oz


News:

Oil markets held on to modest gains on Tuesday, after Saudi Arabia announced plans to cut its monthly exports in November, in an effort to accelerate the draining of global stocks.

Brent crude, the global oil benchmark, rose 0.4% to $56.02 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, West Texas Intermediate futures were trading up 0.4% at $49.76 a barrel.

Saudi…Read more.

Resource: WSJ


oil gas processing plant epc turnkey consulting managementAlgaProcessing LLC specialize in business process consulting for the oil and gas industry with the commitment to increase productivity and maximize profit by sharing wealth of knowledge in Consulting, Coaching and Management.

Contact:
6200 SAVOY DR. HOUSTON, TX 77036 U.S.A
+1.713.428.2827
Melissa.smith@algaprocessing.com

Read More

U.S. Crude Prices Fall as Another Storm Approaches

Investors focused on possible impact of Tropical Storm Nate

Crude Oil: 50.75 barrel, Natural gas: 2.895/MMBtu, Gold: $1270.60 per troy oz


News:

Oil prices were lower Friday as investors braced for Tropical Storm Nate, anticipating the storm would cause refiners on U.S. Gulf Coast to slow down.

U.S. crude futures fell $1.28, or 2.52%, to $49.51 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, fell $1.09, or 1.91%, to $55.91 a barrel on ICE Futures Europe. To Read More.

Resource: WSJ


oil gas processing plant epc turnkey consulting managementAlgaProcessing LLC specialize in business process consulting for the oil and gas industry with the commitment to increase productivity and maximize profit by sharing wealth of knowledge in Consulting, Coaching and Management.

Contact:
6200 SAVOY DR. HOUSTON, TX 77036 U.S.A
+1.713.428.2827
Melissa.smith@algaprocessing.com

Read More

Crude Gets Boost From U.S. Stockpile Data

Stockpiles fell unexpectedly by 1.8 million barrels last week

Crude Oil: $52.05 barrel, Natural gas: 3.059/MMBtu, Gold:$1285.10 per troy oz


News:

Oil prices largely held on to their gains on Thursday on reports that U.S. crude stockpiles declined, despite some profit-taking from investors who cashed in on the recent rally.

Brent crude, the global oil benchmark, rose 0.40% to $58.14 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, West Texas Intermediate futures were trading up 0.15% at $52.22 a barrel.

Oil prices have been climbing in the…Read More.

 Resource: WSJ

oil gas processing plant epc turnkey consulting managementAlgaProcessing LLC specialize in business process consulting for the oil and gas industry with the commitment to increase productivity and maximize profit by sharing wealth of knowledge in Consulting, Coaching and Management.

Contact:
6200 SAVOY DR. HOUSTON, TX 77036 U.S.A
+1.713.428.2827
Melissa.smith@algaprocessing.com

Read More

Oil Prices Slip, but Bullish Sentiment Persists

Brent on Monday closed at $59.02 a barrel, its highest settlement since July 2015

Crude Oil: $52.12 barrel, Natural gas: 2.995/MMBtu, Gold:$1314.20 per troy oz


News:

LONDON—Oil prices gave up some of Monday’s record gains on Tuesday, as investors cashed in on an increasingly bullish market.

Brent crude, the global benchmark, was down 0.62%, at $58.07 a barrel on London’s Intercontinental Exchange. On the New York Mercantile Exchange, West Texas Intermediate Futures were trading down 0.42%, at $52 a…Read more.

Resource: WSJ


oil gas processing plant epc turnkey consulting managementAlgaProcessing LLC specialize in business process consulting for the oil and gas industry with the commitment to increase productivity and maximize profit by sharing wealth of knowledge in Consulting, Coaching and Management.

Contact:
6200 SAVOY DR. HOUSTON, TX 77036 U.S.A
+1.713.428.2827
Melissa.smith@algaprocessing.com

Read More

Oil Advances on Prospects for OPEC to Extend Production Cuts

Outlook is bright and prices are rising says Iraqi oil minister

Crude Oil: $49.31 barrel, Natural gas: 3.112/MMBtu, Gold:$1327.60 per troy oz


News:

LONDON—Oil prices gained Tuesday morning, buoyed by signals from Iraq’s oil minister that the country could be open to extending OPEC’s production cut agreement through next year.

Brent crude, the global benchmark, rose by 0.32%, to $55.66 a barrel in London midmorning trading. On the New York Mercantile Exchange, West Texas Intermediate futures were trading up 0.66%, at $50.24 a barrel.

Iraqi oil minister Jabar al-Luaibi said… To Read More.

Resource: WSJ


Read More

Oil Gains on Falling Stocks, Higher Demand Forecast

Prices rise following IEA’s bullish short-term outlook

Crude Oil: $49.31 barrel, Natural gas: 3.112/MMBtu, Gold:$1327.60 per troy oz


News:

LONDON—Oil prices continued to climb Thursday morning, building on solid gains made Wednesday on shrinking global inventories and a bullish forecast for demand.

Brent crude, the global benchmark, was up 0.38%, at $55.37 a barrel in London midmorning trading. On the New York Mercantile Exchange, West Texas Intermediate futures were trading up around 0.51%, at $49.55 a barrel.

The International Energy Agency on Wednesday said… Read more.

 Resource: WSJ


Read More

Oil Rises Ahead of Expected Fall in U.S. Gasoline Stocks

Prices have climbed this week as some U.S. Gulf Coast refineries restarted operations

Crude Oil: $49.14 barrel, Natural gas: 3.008/MMBtu, Gold:$1339.00 per troy oz


News:

Oil prices edged higher Thursday ahead of U.S. stocks data, which is expected to show a sharp fall in gasoline inventories after tropical storm Harvey caused refinery shutdowns in Texas.

Brent crude, the global oil benchmark, rose 0.8% to $54.63 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, West Texas Intermediate futures were trading up 0.2% at $49.24 a barrel.

Oil prices have climbed this…Read more.

 Resource: WSJ

oil gas processing plant epc turnkey consulting managementAlgaProcessing LLC specialize in business process consulting for the oil and gas industry with the commitment to increase productivity and maximize profit by sharing wealth of knowledge in Consulting, Coaching and Management.

Contact:
6200 SAVOY DR. HOUSTON, TX 77036 U.S.A
+1.713.428.2827
Melissa.smith@algaprocessing.com

Read More

Mixed Inventory Report Weighs on Oil Ahead of Official Data

Investors are weighing U.S. data showing crude inventories declined last week

Crude Oil: $47.75 barrel, Natural gas: 2.961/MMBtu, Gold:$1290.40 per troy oz


News:

LONDON—Oil prices fell Wednesday as investors weighed U.S. data showing crude inventories declined last week while stocks of refined products mounted.

Brent crude, the global benchmark, was down 0.48% at $51.62 a barrel on London’s Intercontinental Exchange. On the New York Mercantile Exchange, West Texas Intermediate futures were trading down 0.38% at $47.65 a barrel.

The American Petroleum Institute, an industry group, said…To Read more.

Resource: WSJ


oil gas processing plant epc turnkey consulting managementAlgaProcessing LLC specialize in business process consulting for the oil and gas industry with the commitment to increase productivity and maximize profit by sharing wealth of knowledge in Consulting, Coaching and Management.

Contact:
6200 SAVOY DR. HOUSTON, TX 77036 U.S.A
+1.713.428.2827
Melissa.smith@algaprocessing.com

Read More