Texas pulled $8.5 billion from…
Bullish sentiment is finally seeping…
Scientists have devised a method…
Ticker: Just a few years back, the U.S. shale industry was drowning in a sea of hubris, with pompous experts making outrageous claims such as the Permian Shale is a…
The risk of oil supply disruptions from around the world has diminished, and rising non-OPEC production provides a “solid base from which to react to any escalation in geopolitical tension.”…
Oil prices were trading up over 1% on Thursday afternoon, the latest development in the current oil market that can’t decide whether oil prices should be up or down. Today’s…
Just as Iraq has increased its crude oil production and export capacity over the past decade, the recent flare-up of tensions in the Middle East suggest that OPEC’s second-largest oil…
We begin 2020 with the stock market again testing record highs. We just finished a year in which oil prices rose by more than 30 percent. However, natural gas prices…
The US and Iran seem to be have stepped back from the brink of armed conflict, at least for now, but many oil and gas companies nevertheless face serious…
Total will drill an ultra deepwater well off the coast of Angola that will be the deepest in the world, Bloomberg reports, citing Maersk Drilling, which has been hired…
Florida has agreed to buy part of the Everglades wetlands to protect the sensitive ecosystem from oil drilling, Reuters reports, citing an announcement by the Florida governor. The deal,…
China may resume purchases of U.S. crude oil and products after the Phase 1 deal Washington and Beijing signed yesterday, Bloomberg reports. The terms of the deal include the…
U.S. shale growth may be slamming on the breaks, although analysts differ over how significant the slowdown will be. The EIA says that U.S. shale growth will slow down…
It sounds counterintuitive and counterlogical, but there is a possibility that if the current government of Iran is toppled, crude oil prices could drop to $40 a barrel. That’s according…
Weak natural gas prices amid abundant supply and a falling rig count across the United States will slow down U.S. natural gas production growth this…
With tensions in the Middle East high, I have fielded a number of queries on how this might impact the world’s oil markets. Today I want to explore that…
The year has started well for Russia when it comes to energy. Two large energy projects have been finished, Turk Stream and Power of Siberia, and the third, Nord Stream…
Healthier global economic growth in 2020 is expected to lead to higher oil demand growth this year, OPEC said in its closely-watched Monthly Oil Market Report (MOMR) on Wednesday.…
Although oil production in the Permian Basin shows all signs of slowing down in the new year, the West Texas shale revolution is not over yet. In fact, shale…
A day after the API’s crude oil inventory report pressured prices, the EIA relieved some of the pressure by reporting an inventory draw of 2.5 million barrels for…
Two of Saudi Arabia’s key oil sites are attacked and its oil production is more than halved but the US$70-75 per barrel of Brent oil barrier holds firm. The…
The largest natural gas driller in the United States just announced a massive write-down for its assets, offering more evidence that the shale sector faces fundamental problems with profitability. In…
Although the Russian Government and oil companies suspended the agreement on fixing fuel prices last summer, gasoline rose in price much more slowly in 2019 than in 2018. In November,…