Oil rises for 4th day on optimism over production cuts – MarketWatch


MarketWatch
Oil rises for 4th day on optimism over production cuts
MarketWatch
Venezuela, an OPEC member whose economy has suffered greatly due to low oil prices, on Tuesday committed to cutting 95,000 barrels a day in line with the pact. While market participants are at present optimistic that participating nations will abide by
Can The Canadian Oil Industry Recover In 2017?OilPrice.com
WTI prices fall on surprise build in US crude stocksReuters
Oil faces a dollar ‘double whammy’: Lower demand and higher odds of OPEC cheatingCNBC
UPI.com –AgWeb –Wall Street Journal
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Has The OPEC Rally Gone Too Far? – OilPrice.com

Has The OPEC Rally Gone Too Far?
OilPrice.com
Oil prices continue to edge up as 2016 comes to a close, a dramatic turnaround for the industry compared to the start of the year. In January, oil prices were melting down, dropping below $30 per barrel. The industry was panicking, slashing spending
Oil price spike is unsustainable in part because of US shale, study suggestsAkron Beacon Journal (blog)

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CNPC And Sinopec Face Competition Developing Iranian Oil Fields – E&P


Livemint
CNPC And Sinopec Face Competition Developing Iranian Oil Fields
E&P
Iran plans to ask international oil companies to bid for the second phase of development of its Yadavaran and North Azadegan oil fields, a senior official said on Dec. 24. That means China National Petroleum Corp. (CNPC) and Sinopec, which have played
Chinese Firms Face Competition to Maintain Role in Developing Iranian OilfieldsFortune

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Can U.S. Shale Add 1 Million Bpd In 2017? – OilPrice.com


Wall Street Journal
Can U.S. Shale Add 1 Million Bpd In 2017?
OilPrice.com
Oil prices are up on expectations that OPEC will contribute to a faster balancing in 2017, with up to 1.8 million barrels per day in cuts along with some non-OPEC countries. That has put a floor beneath prices, with fears of another downturn largely
Oil Prices Rise Amid Muted Holiday TradeWall Street Journal
Traders brace for more oil price volatility as sheikhs vs. shale war set to escalate in 2017Financial Post
US crude settles at $53.90, up 1.7%, just days before producer output cuts take effectCNBC
MarketWatch –Reuters –Bloomberg
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Midlander's oil field journey has earned him a place as an AAPG Geolegend – Midland Reporter-Telegram


Midland Reporter-Telegram
Midlander’s oil field journey has earned him a place as an AAPG Geolegend
Midland Reporter-Telegram
Joe Gifford’s journey began in Enid, Oklahoma, and wound its way through Tulsa, New Orleans, the Sahara Desert of Algiers, and Paris, France, before ending in the oil fields of the Permian Basin. “Incredible adventures,” summed up the long-time Midland …

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The Unsustainable $60 Oil Spike In 2017 – OilPrice.com


Bloomberg
The Unsustainable $60 Oil Spike In 2017
OilPrice.com
While the EIA expects both Brent and WTI to average $50 a barrel during the first half of 2017, the second half is likely to see higher oil prices of $55 a barrel. Global inventory builds are likely to average 0.4 million bpd for 2017, with the first
Shale Specter Haunts OPEC as Oil Seen Rallying Into 2017Bloomberg
Crude Oil Prices Are Likely to Soar, Certain Threats Could Hinder MomentumForex Factory
How high will gas be in 2017? Here’s what could affect price at the pumpNJ.com
Latin American Herald Tribune –The Statesman –Gulf Times
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Abandoned Texas oil wells seen as "ticking time bombs" of contamination – Midland Reporter-Telegram


Midland Reporter-Telegram
Abandoned Texas oil wells seen as “ticking time bombs” of contamination
Midland Reporter-Telegram
The state’s oil and gas regulator, the Railroad Commission of Texas, doesn’t project whether the number of its orphan wells will rise or fall. But many industry groups expect the numbers to rise because of the bust in oil prices. Texas has an inventory

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Railroad Commission collected millions in fines from oil and gas industry in 2016 – FuelFix (blog)

Railroad Commission collected millions in fines from oil and gas industry in 2016
FuelFix (blog)
The Railroad Commission of Texas, the state’s oil and gas regulator, collected nearly $8.6 million in fines from the oil, gas and pipeline operators in 2016, according to the commission’s year in review report released Tuesday. The fines were nearly

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US crude settles at $53.02, little changed as Libyan output pressures oil prices – CNBC


CNBC
US crude settles at $53.02, little changed as Libyan output pressures oil prices
CNBC
Oil were little changed on Friday ahead of the Christmas and New Year holiday week as the market waited to see how OPEC would manage its planned output cuts with Libya expecting to boost production. Crude is still trading around its highest since …
Libyan Supply Fears Dampen Oil Price OptimismOilPrice.com
There’s Limited Upside To Oil Prices Rising Above $60 Per Barrel In 2017Forbes
Optimism in OPEC Output Deal Leads to a Rise in Oil PricesFortune
The Star Online –Reuters –Billings Gazette
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