OPEC, for some quiet moments..

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GeoPark Limited and Wintershall Energía S.A., a subsidiary of the BASF group, the fourth-largest gas producer in Argentina with over 15 blocks, have announced the discovery of a new oil field in the CN-V block (GeoPark 50% WI, Wintershall 50% WI) in the Neuquen basin, Mendoza Province of Argentina. The Rio Grande Oeste 1 exploration well – operated by GeoPark - was drilled and completed to a TD of 5,500 ft, targeting the Grupo Neuquen formation, where 15 different potential reservoir sands were identified - at depths that range from 1,800 ft to 5,500 ft - with a potential net pay of 400 ft.

GeoPark, Wintershall strike oil in Neuquen basin, Argentina

Look under the hood of the oil market and one thing becomes apparent -- shale producers seem to be hedging again. Demand for the contracts that producers use to guarantee price levels soared after 2018 West Texas Intermediate crude returned to $50/bbl. At the same time a raft of trades were reported to U.S. regulators last week that showed some producers hedging at levels as low as $45/bbl, according to data compiled by Bloomberg.

Oil market's hidden signals show shale producers hedging again

Continental Resources Inc. surged the most in eight months after record-setting drilling results in Oklahoma prompted the shale explorer to lift its full-year production estimate. Continental shares rose 5.8% to $34.31 at the close in New York, after earlier climbing 9.6% for the biggest intraday gain since November. The advance curbed Continental’s year-to-date decline at 32%.

Continental jumps nearly 10% as gushers boost output

Oil companies offer superior dividend yields at great valuations, according to Porta Advisors' Beat Wittmann. The oil and gas sector of the pan-European Stoxx 600 index is down 10.95 percent year to date. Oil prices could rise by $5 per barrel if larger inventory draws occur next year.

Crude oil sector looks attractive to investors, say experts