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How High Can U.S. Shale Production Climb?

How High Can U.S. Shale Production Climb?

While the EIA has forecast…

Energy / Crude Oil

How High Can U.S. Shale Production Climb?

Aug 08, 2022 at 10:21 | David Messler

The shale drilling boom that ended in March of 2020, as the full effects of the pandemic hit the economy, contributed to a surplus of oil in storage…

All Hopes Are Dashed For International Oil Companies In North Iraq

Aug 08, 2022 at 10:15 | Simon Watkins

Any hopes held by international oil companies (IOCs) that the Baghdad-based Federal Government of Iraq (FGI) was just bluffing about blacklisting IOCs operating in the semi-autonomous Kurdish region…

China Oil Imports Pick Up After Slump

Aug 08, 2022 at 08:06 | Charles Kennedy

China’s crude oil imports rose slightly in July amid a general improvement in commodity imports during that month, Bloomberg reported, citing official data released by Beijing on Sunday. Crude…

Kazakhstan’s 300,000-Bpd Kashagan Oilfield Halts Output

Aug 05, 2022 at 09:14 | Tsvetana Paraskova

The offshore oilfield Kashagan in Kazakhstan, which pumps more than 300,000 barrels per day (bpd), was shut down on Thursday after a gas leak was detected on the site, the…

Russia Displaces Saudi Arabian Oil In India

Aug 05, 2022 at 08:26 | Charles Kennedy

Russia’s share of the Indian oil market is growing at the expense of Saudi imports, Bloomberg has reported, noting Russian oil has been selling at a sizeable discount to…

Why Oil And Gas Executives Are Reluctant To Pull The Trigger On New Deals

Aug 04, 2022 at 15:03 | Alex Kimani

The last two energy crises that threatened hundreds of energy companies with bankruptcy have rewritten the O&G M&A playbook. Previously, oil and gas companies made numerous…

Saudi Arabia And The UAE Won’t Be Tapping Emergency Oil Capacity

Aug 04, 2022 at 09:35 | Julianne Geiger

Saudi Arabia and the UAE have the capacity to produce more crude oil, but they won't tap that capacity—at least not yet, according to three anonymous Reuters sources. The message…

Saudi Arabia Lifts Crude Prices To Asia To Record High

Aug 04, 2022 at 08:18 | Julianne Geiger

OPEC’s most prolific oil producer and exporter, Saudi Arabia, has raised the official selling price of its crude oil to new highs for September loadings. Saudi Arabia raised the price…

Commodities Trading: The Secret Behind Big Oil’s Bumper Earnings

Aug 03, 2022 at 16:04 | Alex Kimani

Dozens of giant commodity and energy traders saw their profits explode during the pandemic thanks to their ability to leverage their storage facilities, global network of terminals and…

OPEC+ To Boost Production Target By 100,000 Bpd In September

Aug 03, 2022 at 07:49 | Tsvetana Paraskova

The OPEC+ group gave the go-ahead to lift their oil production targets for September by 100,000 bpd as recommended by the Joint Ministerial Monitoring Committee (JMMC) which met earlier today,…

Saudi Arabia May Push For Higher OPEC Production

Aug 02, 2022 at 08:59 | Tom Kool

Saudi Arabia is reportedly planning to advocate for higher oil production at the next OPEC+ meeting, which is taking place later this week. This is according to a tweet…

How Russian Oil Is Making Its Way From Europe To Asia

Aug 01, 2022 at 11:23 | Irina Slav

Russia has been ramping up oil exports to Asia since its invasion of Ukraine led to Western sanctions on imports of Russian oil. Some of the crude and…

Oil Dips Amid Renewed Demand Concerns

Aug 01, 2022 at 10:30 | Tsvetana Paraskova

Oil prices plunged by 4% at the start of August as the market digested weak economic figures from China, the world’s largest crude oil importer. As of 10:12 a.m. ET…

U.S. Crude Production Sinks In May

Jul 29, 2022 at 12:35 | Julianne Geiger

U.S. field production of crude oil fell in May to an average of 11.595 million barrels per day (bpd), new data from the Energy Information Administration showed on Friday. That…

Demand Destruction Could Help America Refill Its Oil Inventories

Jul 29, 2022 at 11:30 | Tsvetana Paraskova

U.S. petroleum inventories are still sitting at multi-year lows for this time of the year despite record releases from the Strategic Petroleum Reserve (SPR), reports of weakening gasoline…

NOCs, Not Big Oil, Are Responsible For Most Emissions

Jul 29, 2022 at 11:23 | Haley Zaremba

While much of the global pressure toward decarbonization has been directed toward privately owned and operated oil supermajors like BP, ExxonMobil, and Shell, a new report from the…

More Oil Discoveries Boost Guyana’s Offshore Boom

Jul 29, 2022 at 11:05 | Matthew Smith

The former British colony of Guyana, a nation whose economy was hit hard by the pandemic, has emerged as the world’s hottest offshore drilling location. Since 2015 global…

U.S. Refiners Haven't Seen Fuel Demand Destruction

Jul 29, 2022 at 10:01 | Tsvetana Paraskova

U.S. refiners say there is no indication across their channels that America's fuel demand is weakening, contrary to recent data about gasoline consumption. The weekly inventory reports from the EIA…

Big Oil Set For Blowout Performance, But What Comes Next?

Jul 28, 2022 at 17:35 | Alex Kimani

Earnings season is here with us once again, with 21% of S&P 500 companies having reported second-quarter 2022 earnings. According to FactSet data, 68% of S&P 500 companies have…

Shell And TotalEnergies See Risk Of Higher Oil Prices

Jul 28, 2022 at 10:22 | Julianne Geiger

As oil companies begin to report their impressive Q2 results on the back of high oil prices, they are also offering premonitions of even higher oil prices on the back…

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