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Big Oil’s Carbon Capture Conundrum

Big Oil’s Carbon Capture Conundrum

Energy experts and environmentalists express…

Energy / Crude Oil

Has U.S. Fracking Activity Peaked Already?

Jan 07, 2019 at 10:05 | Rystad Energy

Shale drilling activity in the US likely dropped to 44 jobs per day in November 2018, Rystad Energy’s analysis of preliminary data suggests. We conclude that nationwide fracking activity was…

Energy Experts Are Watching This Hotspot In 2019

Jan 07, 2019 at 09:47 | Vanand Meliksetian

Historically the Mediterranean hasn’t been the focus of oil and gas producing companies. With the exception of Algeria and Libya which owe their energy industry to the Sahara region. Recent…

New Data Suggests Shocking Shale Slowdown

Jan 04, 2019 at 14:12 | Nick Cunningham

U.S. shale executives often boast of low breakeven prices, reassuring investors of their ability to operate at a high level even when oil prices fall. But new data suggests that…

Is Oil Demand Growth A Certainty In 2019?

Jan 04, 2019 at 14:08 | Nick Cunningham

Crude oil prices have gained roughly 10 percent since hitting a low point in late December, and there are plenty of signs that suggest the market is poised to…

Is Venezuela’s Downward Spiral OPEC’s Achilles Heel Or Saving Grace?

Jan 04, 2019 at 14:07 | Julianne Geiger

OPEC and US Shale have been duking it out in the oil markets for a few years now—ever since the days of $100 oil. OPEC, led by Saudi…

Bullish News Underpins Oil

Jan 04, 2019 at 13:55 | Jim Hyerczyk

U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading higher on Friday and are in a position to close higher for the week. Both futures contracts are…

OPEC Is Losing Its Stranglehold On Oil Prices

Jan 04, 2019 at 13:49 | Robert Rapier

Many articles have been written this past year about the impending demise of OPEC. Shale oil, it has been argued, has ended the cartel’s stranglehold on oil prices. There’s some…

Falling Rig Count Supports Crude Prices

Jan 04, 2019 at 12:21 | Julianne Geiger

More good news came in today for the oil bulls as Baker Hughes reported a 8-rig decrease for oil and gas in the United States this week. The total number…

Major Gasoline, Distillate Build Caps Oil Price Gains

Jan 04, 2019 at 10:19 | Irina Slav

A day after the American Petroleum Institute reported sizeable builds in fuel inventories, the Energy Information Administration confirmed a build in gasoline and distillate inventories for the week…

OPEC Oil Exports To The U.S. Fall To Five-Year Low

Jan 03, 2019 at 14:33 | Julianne Geiger

The United States received in December the lowest volume of OPEC-derived crude oil in five years, according to market intelligence firm Kpler and data from Refinitive Eikon, cited by Reuters…

2019 Could Make Or Break OPEC

Jan 03, 2019 at 13:57 | Irina Slav

When OPEC+ agreed to begin cutting crude oil production again in December, hardly anyone in the cartel thought the effect of the news on prices would be as lackluster as…

Moody’s: The Shale Band Is Back, And Here To Stay

Jan 03, 2019 at 10:58 | Irina Slav

Oil prices will remain volatile this year but within range, Moody’s said in its annual report on the oil and gas industry. The top factor to watch in 2019…

Nigeria Boosts Oil Production As OPEC Cuts Begin

Jan 02, 2019 at 10:52 | Tsvetana Paraskova

Days before OPEC’s production cuts started on January 1, France’s Total had started up oil production from Nigeria’s ultra-deepwater oil field Egina, which is expected to produce 200,000 bpd at…

The New Oil Order

Dec 31, 2018 at 12:05 | Nawar Alsaadi

In the decades preceding the arrival of U.S. shale oil, the oil market had only one stabilizing force, namely OPEC. The reason the oil market was structured as such was…

$70 Oil Could Be Right Around The Corner

Dec 31, 2018 at 11:32 | Tim Daiss

Oil markets have always been cyclical, and now even more so with advanced electronic trading, more speculation (which often results in wider oil price swings) and more producers, including the…

U.S. Shale Challenges OPEC’s Oil Dominance In Asia

Dec 31, 2018 at 11:29 | Tsvetana Paraskova

The explosive growth of U.S. shale production has capped gains of international and U.S. oil prices, offsetting OPEC’s production cuts in the first half of the year and contributing to…

Canadian Rig Count Slumps At Year-End

Dec 31, 2018 at 10:30 | Irina Slav

Canada’s drilling rig count fell by 61 rigs in the last week of December from a week earlier, with the annual decline at 66 rigs, per the latest weekly rig…

EIA Inventory Report Stops Price Slide

Dec 28, 2018 at 10:30 | Irina Slav

A day after the American Petroleum Institute pressured already stressed oil prices further with an unexpected inventory build, the Energy Information Administration reported instead that crude oil inventories were virtually…

What’s In Store For OPEC In 2019?

Dec 26, 2018 at 10:10 | Julianne Geiger

OPEC has come through some turbulent times in the last few years as oil prices fell to decade lows. It has implemented production cuts, has rallied Russia to climb onboard…

Why The Oil Price Bear Market Persists

Dec 24, 2018 at 12:47 | Lance Roberts

In 2013, I began warning about the risk to oil prices due to the ongoing imbalances between global supply and demand. Those warnings fell on deaf ears as it was…

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