BOE Report - Canada's Source for Oil & Gas News
4 days ago · The latest oil & gas news, commodity prices, drilling activity, property listings, and jobs for the oil and gas industry in Alberta and Canada.
Oil falls on demand growth concerns, robust dollar | BOE Report
3 days ago · Oil prices fell on Friday on worries about demand growth in 2025, especially in top crude importer China, putting global oil benchmarks on track to end the week down nearly 3%. Brent crude futures fell by 41 cents, or 0.56%, to $72.47 a barrel by 0420 GMT. U.S. West Texas Intermediate crude futures fell 39
Turmoil at Colombia’s Ecopetrol raises profit fears ahead of US ...
3 days ago · Alleged interference by Colombian President Gustavo Petro in majority state-owned Ecopetrol and purges of hundreds of staff to make way for pro-government replacements are fueling fears about the energy company's future profits and contributions to the economy. The worries, according to interviews with workers, ex-employees, a former board member and analysts, come ahead of a
Oil steady while market eyes Fed rate decision | BOE Report
6 days ago · Oil prices traded in a narrow range early on Wednesday as investors remained cautious ahead of an expected interest rate cut by the U.S. Federal Reserve, while weighing up the potential supply impact of tighter sanctions on Russia. Brent futures inched up 1 cent at $73.20 a barrel at 0420 GMT, while U.S. West Texas
Oil eases from highest in weeks, investors eye Fed rate cuts
Dec 16, 2024 · Oil futures eased from their highest levels in weeks as traders took profit while waiting for a meeting of the Federal Reserve later this week for indication of further rate cuts. Falls were limited, however, by concerns of supply disruptions in the event of more U.S. sanctions on major suppliers Russia and Iran. Brent crude
BOE Intel
Keep up with the latest production, financial, and well data for the western Canadian oil and gas industry
US drillers keep oil and natgas rigs unchanged for second week – …
3 days ago · U.S. energy firms this week kept the number of oil and natural gas rigs unchanged for the second week in a row, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, remained at 589 in the week to Dec.
US study likely to stop short of saying LNG exports not in public ...
Dec 16, 2024 · President Joe Biden's administration will release as soon as Tuesday a study on exports of liquefied natural gas that is expected to stop short of saying the trade is not in the public interest, two industry sources with knowledge of the issue said. Biden in January paused the Department of Energy's approvals of U.S. LNG
EIA slightly raises US, global oil production forecasts
Nov 13, 2024 · Both U.S. and global oil production are set to rise to slightly larger record highs this year than prior forecasts, the U.S. Energy Information Administration said on Wednesday. A surge in oil supply has run into weakening demand growth this year, dragging oil prices to their lowest since 2021 despite large production cuts from the
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