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"Penn West Petroleum, based in Calgary, Alberta, is an independent Canadian energy company focused on the exploration and production of oil and natural gas resources in Saskatchewan, Alberta, and British Columbia. At the end of 2015, the company reported proven reserves before royalties of 208 million barrels of oil equivalent. Daily production averaged 86,000 barrels of oil equivalent in 2015,... see more

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PENN WEST PETROLEUM LTD. > Oil rises on Middle East tensions

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Post by makedonka on Jun 04, 2017 11:47pm

Oil rises on Middle East tensions

Oil markets edged higher on Monday as rising Saudi physical prices and signs of falling OPEC supplies slightly outweighed a persistent rise in U.S. production.

Tensions in the Middle East, where top oil exporter Saudi Arabia cut ties with top liquefied natural gas (LNG) shipper Qatar over concerns about terrorism and extremism, also pushed up crude futures, traders said."

https://www.reuters.com/article/us-global-oil-idUSKBN18W02N

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