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Daily Oil & Gas and Wall Street Journal News
12/15/18 Crude Oil and Natural Gas Down for the Week Crude oil futures post week-on-week losses, and natural gas posts an even bigger decline. Suncor Works with Alberta Govt to Mitigate 'Unintended Consequences' Suncor is working with Alberta's government to help mitigate the 'unintended consequences' of mandated oil production cuts. Occidental Wants to Keep Rigs Running amid Oil Price Drop Occidental Petroleum will look for ways to cut costs other than dropping rigs, CEO Vicki Hollub says. US Oil Rig Count Drops for Second Week in a Row US drillers cut four rigs this week. Complex Oil Refiner Margins Squeezed Returns at sophisticated refinery units that companies built at great expense are now almost on a par with those at relatively inexpensive and simple plants. Unite Members to be Balloted on New OCA Offer UK union Unite says its 2,500 members covered by the Offshore Contractors Association are to be balloted on a new pay offer. Oil God Forecasts Price Move If you want to place a bet on oil right now, you're probably better off betting on it going up than going down. Oil Steadies Below $53 Oil traded below $53 a barrel in New York, little changed a week after OPEC and its allies announced substantial output cuts. Crude Oil Up Two-plus Percent WTI crude oil rose by nearly 3% while the Brent contract price edged upward by more than 2%. Saudi Arabia Plans to Slash Exports to US Saudi Arabia plans to slash exports to the world's largest oil market in the coming weeks in an effort to dampen visible build-ups in crude inventories.
Wall Street Journal
Commercial News 12/15/18 WSJ.com: Commercial Real Estate CBRE Global Investors Buys Stake in Three GGP Malls FAO Schwarz Is Returning to New York Sportswear-Maker Puma to Open New York Flagship Kushner Cos., Brookfield Near a Deal for Stake in 666 Fifth Ave. Sign of the Times: New Office Space Created in Retail's Tumult Want to Buy a Luxury Hotel in the U.S.? Try China's Insurance Regulator New York's Commercial Property Slump Shows Signs of Slowing |
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