Saudis Discussing Options to Halt Oil Slide
Saudi Arabia has phoned other oil producers to discuss possible policy responses.

(Bloomberg) -- Saudi Arabia has phoned other oil producers to discuss possible policy responses as oil prices fell to a seven-month low, a Saudi official said.



Oil Rebounds as Saudis Seek to Stem Slide
Oil rebounded from the lowest level since January after Saudi Arabia contacted other producers to discuss options to stem a rout.

(Bloomberg) -- Oil rebounded from the lowest level since January after Saudi Arabia contacted other producers to discuss options to stem a rout that’s been driven by the worsening U.S.



Oil Rebounds From Seven-Month Low
Oil advanced for the first time this week after Saudi Arabia signaled it's taking steps to stabilize the market, which has been rocked by the escalating U.S.



Chevron Phillips to Supply Pipe to EVX Midstream
Performance Pipe, a division of Chevron Phillips Chemical Company LP, will supply high-density polyethylene pipe to EVX Midstream Partners LLC to help in the Eagle Ford Basin.



Alberta's Oil Limits Seem to be Working
Alberta's oil oil rig flanges gulf coast production curbs finally appear to be draining inventories, at least for now.

(Bloomberg) -- Alberta’s oil oil rig flanges gulf coast production curbs finally appear to be draining inventories, at least for now.



US Cuts Brent Oil Price Forecast
The U.S. Energy Information Administration has cut its Brent spot price forecast.

The U.S. Energy Information Administration (EIA) has cut its Brent spot price forecast to $64 per barrel in the second half of 2019 and $65 per barrel in 2020 in its latest short-term energy outlook (STEO).



Brent Extends Loss After Entering Bear Market
Brent extended losses after falling into bear buy Wellhead market as concern the U.S.-China trade war will continue to sap demand outweighed an industry report showing American crude stockpiles are still shrinking.



China Rescues Venezuela's Worn Oil Refineries
A Chinese contractor has agreed to shore up Venezuela's derelict refining network to ease fuel shortages.

(Bloomberg) -- A Chinese contractor has agreed to shore up Venezuela’s derelict refining network to ease fuel shortages, potentially complicating the Trump administration’s push for regime change in the oil-rich country.



Oil Crashes to 7-Month Low
Oil plunged to lows not seen since January as a surprise surge in American crude stockpiles fueled worries about a growing glut amid a dismal economic outlook.



Is the US Shale Boom Winding Down?
US shale producers are dialing back growth in the face of challenges that are killing returns and keeping skeptical investors away.

  1. Oxy Begins Bond Sale to Fund Anadarko Deal | Gulf Coast Oil Rig Equipment & Repair
  2. Oil Slumps Into Bear Market | Gulf Coast Oil Rig Equipment & Repair
  3. Trump Imposes New Sanctions on Venezuela | Gulf Coast Oil Rig Equipment & Repair
  4. It Pays to be Thin at Pemex | Gulf Coast Oil Rig Equipment & Repair

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