Oil prices spiked Monday after a drone strike crippled Saudi Arabian oil assets, taking 5% of global daily supply offline. However, oil’s upside was mostly confined to one day as headlines broke Tuesday that the kingdom will be able to restore most of that lost supply sooner than expected,… Source:...
The U.S. natural gas rig count finished unchanged at 183 during the week ended May 10, while oil-directed activity continued to grind lower, according to data from Baker Hughes, a GE Company. Source: Activity Steady in U.S. Natural Gas Patch, but BHGE’s Oil Count Slips
U.S. independent Callon Petroleum Company will acquire Houston-based Carrizo Oil & Gas, Inc. in an all-stock transaction valued at $3.2 billion. Source: Callon Acquires Carrizo in $3.2B All-Stock Deal
Customers complained of unusual impurities in the crude. Source: Russian Oil to Parts of Europe Suspended