Oil

U.S Dollar Hanging Tough For Now

September 21: Five things the markets are talking about The Fed’s decision to leave the benchmark interest rate unchanged was entirely anticipated yesterday, but their ‘hawkish’ forecast for where rates will be at the end of the year caught some of the market by surprise. As expected, the Fe ...

Tech Talk for Thursday September 21st 2017

  Observations The TSX Composite Index moved above 15,324.56 setting a new intermediate uptrend. Responses to the FOMC announcement were muted: Equity indices initially moved lower, but closed virtually unchanged. The U.S. Dollar Index and its related ETF moved slightly higher. Gold and gold eq ...

Feds Hawkish Dots Surprise

Feds Hawkish Dots Surprise   The Fed(dots) surprised on the hawkish side, paving the road for a broad USD rally as the FX markets activity roared back to life with volumes surged. US 10y yields rose 6bps towards 2.29%, while equities and gold all took a dip lower. The markets jumped to attention w ...

USD/CAD Canadian Dollar Lower After Fed Statement

Fed members forecast one more US rate hike The Canadian dollar is lower against its US counterpart on Wednesday. The U.S. Federal Reserve published its updated economic projections and as expected kept the interest rate unchanged at 100-125 basis points. Also keeping with market forecasts the US ce ...

LNG Growth To Propel Oil, Gas Industry's Carbon Emissions

LNG will be the biggest source of carbon emission growth for top oil and gas companies by 2025, according to a study by Wood Mackenzie, as demand for the super-chilled fuel is set to rise sharply. Oil and gas companies such as Exxon Mobil Corp., Royal Dutch Shell (NYSE: RDS.A) and Total SA (NYSE: TO ...

East West Announces Completion of Workover and Initial Test Results from Romania

Ticker: EW (TSX-V) VANCOUVER, Sept. 20 2017 /CNW/ – East West Petroleum Corp. (TSX Venture: EW) (“East West” or the “Company”) Mr. David Sidoo, President and CEO, is pleased to announce that the Company’s joint venture partner and operatior has reported that testing of multiple interva ...

DUG Midcontinent: Oklahoma Governor Touts New Law Allowing Longer Laterals

OKLAHOMA CITY—Oklahoma Governor Mary Fallin told oil and gas producers at the DUG Midcontinent conference on Sept. 20 that efforts to reduce workers compensation costs, train suitable workers for the industry and changes to laws governing lateral well lengths are paying off. Earlier this year, Fal ...

EIA: US Crude Stocks Up Again; Gasoline, Diesel Inventories Down

U.S. crude oil stockpiles jumped last week as imports and production increased, while distillate inventories fell the most in nearly six years and gasoline inventories also declined, as the Gulf Coast recovers from the impact from Hurricane Harvey, the Energy Information Administration (EIA) said Se ...

Mosman Oil And Gas Buys Welch Permian Basin Project

Mosman Oil and Gas Ltd. acquired the Welch Permian Basin Project in West Texas—doubling its oil production, the Australian-based company said Sept. 11. The Welch Project consists of 653 acres of HBP leases in Dawson County, Texas, with 10 producing wells, seven injector wells and 10 shut-in wells. ...

Viking Energy Tacks On Acreage In Eastern Kansas

Viking Energy Group Inc. acquired additional working interest in various oil and gas-related leases in Eastern Kansas, the New York-based company said Sept. 12. Through wholly-owned subsidiary Mid-Con Drilling LLC, Viking purchased a 90% working interest in four new oil and gas leases in Anderson Co ...