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Oil Caps Longest Rally This Year as Oversupply Anxiety Eases

June 30, 2017 (Bloomberg)  Oil posted the longest run of gains in six months after U.S. shale explorers paused a record drilling expansion in a sign the boom may be slowing down. Futures added as much as 2.7 percent in New York, advancing for a seventh session. Shale explorers broke the longest stretch of uninterrupted growth … Read more

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U.S. Crude Oil Production May Not Be Growing Quite so Fast

June 30, 2017 (Bloomberg)  U.S. crude production fell for the first time this year in April, reining in exuberance over rapidly growing domestic output. April output fell slightly to 9.08 million barrels a day, and was 190,000 barrels lower than the Energy Information Administration’s preliminary weekly estimates. Earlier in June, the agency also lowered its Permian oil … Read more

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Shale Is Just a Scapegoat for Weaker Oil Prices: Jason Schenker

May 23, 2017 (Bloomberg Prophets)  When the Organization of the Petroleum Exporting Countries gathers in Vienna this week, members and non-OPEC oil producers are likely to extend the production cuts put in place in November as a way to shore up prices, which have been choppy this month. Whatever the final details look like, a … Read more

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Watch It HERE: Donald Trump Provides Update on Presidential Transition

The President-elect shares an update on the Presidential Transition, an outline of some of his policy plans for the first 100 days, and his day one executive actions.

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Pengrowth Announces Prudent 2016 Capital Budget, Operational Update and Temporary Suspension of Dividend

FOR: PENGROWTH ENERGY CORPORATIONTSX SYMBOL: PGFNYSE SYMBOL: PGHDate issue: January 20, 2016Time in: 10:26 PM eAttention:
CALGARY, ALBERTA–(Marketwired – Jan. 20, 2016) – Pengrowth Energy Corporation
(TSX:PGF)(NYSE:PGH) today announced its 2016 capita…

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