Oil Falls Deeper Into Bear Territory

U.S. crude oil inventories down 2.5 million barrels to 509 million barrels in the week ended June 16

Crude Oil: $42.55 barrel, Natural gas: $2.880/MMBtu, Gold:$ 1246.40 per troy oz


News:

Even good news is bad news for oil these days.

Oil prices fell to a 10-month low Wednesday as investors shook off U.S. data showing that stockpiles continued to shrink and focused on relentlessly rising production.

U.S. crude futures fell 98 cents,…Read More.


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

 

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Oil Prices Fall to New 2017 Lows

oil, refinery ,gas

Brent, WTI reach levels not seen since November

Crude Oil: $44.20 barrel, Natural gas: $2.894/MMBtu, Gold:$ 1244.20 per troy oz


News:

Oil prices on Tuesday fell to a new low this year, as investors remain skeptical about major oil producers’ efforts to buoy the market by withholding petroleum supplies.

Brent crude, the international benchmark for oil prices, fell 1.68% to $46.16 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, the benchmark for U.S. oil prices, West Texas Intermediate futures, was trading down 1.81% at $43.40 a.. Read more.

Resource: WSJ


oil gas processing plant epc turnkey consulting management

AlgaProcessing 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

 

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Oil Hovers Near Seven-Month Low on Surplus Stocks

Data shows the market remains awash in surplus oil

Crude Oil: $44.73 barrel, Natural gas: $2.933/MMBtu, Gold:$ 1272.80 per troy oz


News:

Crude futures stabilized on Thursday, after tumbling earlier in the week, with investor sentiment battered by data showing that the market remains awash in surplus oil.

Brent crude, the global oil benchmark, edged up 0.1% to $47.04 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, West Texas Intermediate futures were trading down 0.1% at $44.71 a barrel.

Oil markets tanked by nearly 4% on… Read more.

Resource: WSJ


oil gas processing plant epc turnkey consulting management

AlgaProcessing 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

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Oil Ticks Higher After Challenging Week

 Crude edges up as investors look forward to release of slew of data this week

Crude Oil: $46.08 barrel, Natural gas: $3.024/MMBtu, Gold:$ 1266.10 per troy oz


News:

Crude prices rose for a second consecutive session Monday amid a supply disruption in Nigeria and as major producers said their deal to cut output is working.

U.S. crude futures rose 25 cents, or 0.55%, to $46.08 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, rose 14 cents, or 0.29%, to $48.29 a barrel on ICE Futures Europe.

The move higher comes after prices fell nearly 4% last week. Investors have…Read more.

Resource: WSJ


oil gas processing plant epc turnkey consulting management

AlgaProcessing 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

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Crude Slips Again After Shock Rise in U.S. Inventories

Oil, gas, refinery, upstream, midstreamWorries persist OPEC, Russia struggling to reduce global oil glut

Crude Oil: $45.72 barrel, Natural gas: $3.020/MMBtu, Gold:$ 1290.10 per troy oz


News:

Global oil prices turned lower Thursday, after posting their sharpest fall since early March overnight on an unexpected build in U.S. crude inventories last week.

Brent crude, the global oil benchmark, fell 0.8% to $47.69 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, West Texas Intermediate futures were trading down 0.9% at $45.33 a barrel.

Oil prices sank on Wednesday after the Energy… Read more.


oil gas processing plant epc turnkey consulting management

AlgaProcessing 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

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Oil Prices Wobble as Traders Fear Hit From Qatar Feud, U.S. Shale

Major equity markets weigh on commodities prices

Crude Oil: $47.40 barrel, Natural gas: $2.982/MMBtu, Gold:$ 1279.30 per troy oz


News:

Oil prices swung between gains and losses Tuesday, amid a wider financial market decline and investor concerns about increasing oil production in the U.S.

Most recently, the August contract for Brent crude, the global oil benchmark, fell 0.24% to $49.35 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, West Texas…Read more

Resource: WSJ


oil gas processing plant epc turnkey consulting management

AlgaProcessing 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

 

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Oil Prices Climb Before U.S. Stockpile Data

Official figures are expected to show a decline in U.S. stocks

Crude Oil: $48.35 barrel, Natural gas: $3.000/MMBtu, Gold:$ 1262.70 per troy oz


News:

Oil prices regained some ground on Thursday in anticipation of further falls in U.S. crude stocks, which may signal that production costs are affecting hefty global inventories.

Brent crude, the global oil benchmark, rose 1.1% to $51.30 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, West Texas Intermediate futures were trading up 1.3% at $48.93 a barrel. Read more.

Resource: WSJ


oil gas processing plant epc turnkey consulting management

AlgaProcessing 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

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Oil Prices Fall as Investors Wait for OPEC Cuts to Take Effect

Brent crude and WTI futures decline, having made up some ground

Crude Oil: $49.80 barrel, Natural gas: $3.236/MMBtu, Gold:$ 1267.60 per troy oz


News:

Oil futures were depressed Tuesday, following last week’s decision by the Organization of the Petroleum Exporting Countries to extend a crude-oil production cap amid a global supply glut.

Brent crude, the world oil benchmark, fell 0.88% to $51.83 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, West Texas…Read more.

Resource: WSJ


oil gas processing plant epc turnkey consulting management

AlgaProcessing 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

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Oil Prices Fall on Fears OPEC Cuts Won’t Ease Glut

Some analysts question whether the OPEC deal will be enough to break the market out of its current range.

Crude Oil: $51.36 barrel, Natural gas: $3.209/MMBtu, Gold:$ 1252.40 per troy oz


News:

Crude prices fell Thursday after major oil producers extended output cuts by less than some investors had hoped, with some analysts questioning whether the deal will be enough to break the market out of its current range.

The Organization of the Petroleum Exporting Countries on Thursday renewed an agreement to withhold some crude-oil supplies into March 2018, people familiar with the matter said, doubling down on its bet that it can…Read more. 

Resource: WSJ


oil gas processing plant epc turnkey consulting management

AlgaProcessing 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

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Oil Pulls Back After U.S. Proposal to Sell Stocks

refinery, oil, gas, midstream, upstream, pipeline

News that the U.S. could sell a portion of its emergency crude stocks kept prices under pressure

Crude Oil: $50.73 barrel, Natural gas: $3.330/MMBtu, Gold:$ 1260.70 per troy oz


News:

LONDON—Oil prices eased off a more than one-month high on Tuesday, with the U.S. plan to sell some of its stocks contributing to the pullback and offsetting investors’ optimism that the coming OPEC meeting of major producers would result in more production cuts.

Brent crude, the global oil benchmark, fell 1% to $53.35 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, West Texas Intermediate futures were.. Read more.

Resource: WSJ


oil gas processing plant epc turnkey consulting management

AlgaProcessing 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

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