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Energy / Crude Oil

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Shell’s New Permian Play Profitable At $20 A Barrel

Mar 24, 2017 at 17:11 | Rakesh Upadhyay

OPEC’s worries about the booming U.S. oil production have increased significantly with the big three oil companies’ interest in shale. Exxon Mobil Corp., Royal Dutch Shell Plc, and Chevron Corp.,…

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Mexico Sees Its First International Offshore Drilling Success

Mar 24, 2017 at 17:05 | Nick Cunningham

Italian oil company Eni drilled the first well by an international oil company in Mexican waters, and on March 23 they said the well indicated a “meaningful” volume of oil.…

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Are The Survivors Of The Offshore Bust A Buy?

Mar 24, 2017 at 15:26 | Dan Dicker

I know that many of the oil analysts out there have gone weak on me. Unable to believe in the inevitable re-balancing of the oil market, they continue to see…

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OPEC In Trouble As Saudis Becoming Weary Of “Free Riders”

Mar 23, 2017 at 16:16 | Gregory Brew

From casual observation, one might be forgiven for referring to the OPEC production cut in place since November 2016 as the “Saudi production cut.” That’s because Saudi Arabia, OPEC’s leading…

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PetroChina Mulls $85 Billion Spinoff

Mar 23, 2017 at 11:09 | Irina Slav

PetroChina may be considering a spinoff for its oil and gas pipeline business, which could be worth as much as $85 billion, according to investment analysts. The suggestion has…

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Crude Inventory Build Sends Oil Prices Into A Nosedive

Mar 22, 2017 at 10:01 | Irina Slav

Amid growing worry about the direction that oil prices are heading into, the Energy Information Administration reported a 5-million-barrel build in U.S. commercial oil inventories for last week, bringing…

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A Sign Of Slowing Demand? Chinese Refiners Reach Crude Import Quota

Mar 21, 2017 at 12:12 | Irina Slav

China’s independent refiners known as teapots have used up the amount of imported crude that the government allocated to them in January, which means imports are likely to slow down…

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Iran Continues To Ignore The OPEC Deal

Mar 14, 2017 at 15:27 | Ron Patterson

All data below is in thousand barrels per day and is through February 2017. (Click to enlarge)OPEC crude oil production…

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U.S. Shale Faces A Workforce Shortage

Mar 13, 2017 at 15:43 | Irina Slav

A problem for the U.S. shale oil and gas industry that analysts and observers have warned about for a long time has materialized: there is a shortage of workers. According…

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Huge Oil Find Could Save Alaska’s Oil Sector

Mar 10, 2017 at 13:30 | Nick Cunningham

Spanish oil firm Repsol SA just announced the largest onshore oil discovery in the U.S. in three decades, a 1.2 billion barrel find on Alaska’s North Slope. Repsol has…

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