Oil

OPEC is close to reaching an agreement to extend the production cut deal beyond its current expiry date at the end of June.

The U.S. Gulf Coast saw its crude oil imports in March at their lowest level since 1986.

US oil production keeps accelerating towards new highs. New records are expected both when the final numbers for May emerge and at the end of the year.

Iran has no plans to leave OPEC.

OPEC was close to agreeing to extend a pact on cutting oil supplies beyond June.

A year ago. in the enduring twilight of one of St. Petersburg’s famous white nights of summer. Saudi Arabia and Russia reached an agreement that set a new direction for the oil market.

West Texas Intermediate crude entered a bear market and Brent tumbled below $60 after U.S. petroleum inventories ballooned. raising fears of a glut as trade disputes threaten demand.

Canadian oil sands production is set to enter a period of slower annual production growth compared to previous years.

The Wyoming State Geological Survey (WSGS) completed its 2019 update to the Interactive Oil and Gas Map of Wyoming.

Wells drilled horizontally into tight oil and shale gas formations continue to account for an increasing share of crude oil and natural gas production in the United States.