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Pacific National Capital 's Daily Oil & Gas News

Loews CEO Tisch Eyes $75 Oil in Two Years
The head of one US conglomerate is eyeing a rebound that'll bring crude back to $75 a barrel.

Oil Prices Settle Lower
Crude oil futures start the week on a lackluster note.

Libya Declares Force Majeure at Largest Field
Libya declared a state of force majeure at its largest oil field after an armed group forced a production halt.

Offshore Angola Field Achieves First Oil
Eni starts oil production from the Vandumbu field in Block 15/06 offshore Angola.

Mexico to Build an $8 Billion Refinery
Mexico plans to start awarding the construction of its seventh refinery as soon as March 2019.

ConocoPhillips Plans for $6.1B Capital Spend in 2019
ConocoPhillips is keeping capital expenditures flat in 2019 while anticipating a production surge.

Eni Makes New Oil Discovery
Eni announces a new oil discovery in the Afoxe exploration prospect, located in Block 15/06 offshore Angola.

OPEC Cut Was Not Easy
The move to cut 1.2 million barrels per day from the market was not easy, according to UAE Minister of Energy Suhail Mohamed Al Mazrouei.

OPEC Cut Wrong-Foots Short Sellers
OPEC's surprise output reduction has wrong-footed short-sellers.

Oil Extends Gain
Oil in London extended gains near $62 a barrel on prospects for a shrinking glut.





















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