Oil Prices Slip Amid USA-China Trade War Fears
Oil prices fell as concerns over a U.S.-China trade war's impact on global growth outweighed the market's reaction to stricter U.S. sanctions on Iranian crude exports.
Oil prices fell as concerns over a U.S.-China trade war's impact on global growth outweighed the market's reaction to stricter U.S. sanctions on Iranian crude exports.
Abu Dhabi's main energy company will transfer stakes in some U.S. assets to its new international investment firm.
West will replace Chris Huskilson, who will remain a member of the company's board after stepping down.
President Donald Trump signed an executive action he said would direct officials to create a sovereign wealth fund for the United States.
Waterous Energy Fund reduced its ownership in oil and gas producer Strathcona to around 79.6 percent.
ArcLight completed the acquisition of Phillips 66's 25 percent non-operating stake in the Gulf Coast Express Pipeline for $865 million.
'Oil storage levels will rise under Trump, but probably at a slower pace than his rhetoric would suggest', analysts at BMI said.
The company attributed the increase to early-phase development projects, lifetime extensions of existing fields and the inclusion of the Neptune assets.
Crescent completed the purchase of Ridgemar (Eagle Ford) for an upfront price of $905 million, growing its footprint in the Texas shale.
The total North America rig count stands at 840, according to Baker Hughes' latest North America rotary rig count.