US Adds Six Oil Rigs
After several weeks of declines, the U.S. tacked on an additional six oil rigs.

After several weeks of declines, the U.S. tacked on an additional six oil rigs, according to weekly data from Baker Hughes, a GE Company.



Canada's Oil Industry Needs More Outlets
Canada needs new outlets for its oil production, particularly with such stagnant domestic consumption.

Per BP, Canada produced over 5.2 million b/d in 2018 and was the fourth largest oil producer in the world.



High-Impact Discoveries Already Greater than 2018
16 discoveries estimated to be larger than 100 million barrels of oil equivalent were made in the first half of the year.



Oil Holds Losses on Demand Concerns
Oil held losses as a surprise gain in U.S. crude stockpiles added to deepening concerns over the outlook for global demand.

(Bloomberg) -- Oil held losses as a surprise gain in U.S.



Oil Prices Slide Again
WTI and Brent crude oil finished lower for the second straight trading day.

West Texas Intermediate (WTI) and Brent crude oil finished lower for the second straight trading day.



Iran Oil Tanker Released by Gibraltar
Iran is racing to return an oil supertanker to international waters after a Gibraltar judge said he couldn't wait for the U.S. to take action.



Who Leads the World's E&Ps in Production Growth?
Rystad Energy ranks the world's E&Ps according to their oil rig flanges gulf coast production growth over the last five years.

The world’s exploration and oil rig flanges gulf coast production (E&P) companies use their oil rig flanges gulf coast production growth to leverage the attractiveness of their portfolios to investors.



$7.7B UKCS Project Achieves First Oil
The Mariner field in the U.K. North Sea. PHOTO: Jamie Baikie and Michal Wachucik, Equinor ASA.

Equinor ASA reported Thursday that it, along with its partners, has achieved first oil from the Mariner field on the U.K.



Oil Down as US Stockpiles Rise
Oil declined as an industry report showed American crude stockpiles expanded.

(Bloomberg) -- Oil declined as an industry report showed American crude stockpiles expanded, paring a rally that was fueled by signs the U.S.



Oil Prices Erase Gains
Much of the $2-plus in value the WTI and Brent each gained Tuesday disappeared during Wednesday’s trading.

Much of the $2-plus in value that West Texas Intermediate (WTI) and Brent crude oil futures each gained Tuesday disappeared during Wednesday’s trading.

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