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Energy / Crude Oil

North America’s Next Big Shale Play

Feb 01, 2018 at 13:41 | Tsvetana Paraskova

The oil price crash of 2014 not only weighed on Canada’s oil sands industry, but it also directed more company investment into shorter-cycle shale projects in the U.S. at the…

What's Behind Canada's Oil Driller Exodus?

Jan 31, 2018 at 12:07 | Tsvetana Paraskova

Canadian drillers are moving rigs south to the U.S. to seize more profitable opportunities. But it’s not just the bright prospects of the Permian that is attracting Canadian companies—moving…

Mexico’s Oil Dilemma Continues In 2018

Jan 31, 2018 at 10:38 | Matt Smith

U.S. gasoline exports averaged just over one million barrels per day in 2017, with a strong push higher at the end of the year (hark, an average of 1.3 million…

Oil Prices Fall After Strong Crude Inventory Build

Jan 31, 2018 at 09:43 | Irina Slav

As investment banks become increasingly bullish on crude oil, the Energy Information Administration reported a 6.8-million-barrel build in U.S. crude oil inventories for the week ending January 26. The…

The Unintended Consequences Of Trump’s Solar Tariffs

Jan 30, 2018 at 14:30 | Henry Hewitt

There may not be blood, but there will be plenty of losses for those who still hold hope for an age that is passing away.. Soon after the Trump Administration…

Iraq To Comply With OPEC Cuts Despite Lifting Oil Export Capacity

Jan 29, 2018 at 12:21 | Tsvetana Paraskova

Despite efforts to ramp up its oil export capacity, OPEC’s second-largest producer, Iraq, will comply with the production cuts pact, Iraq’s Oil Minister Jabbar al-Luiebi said at a conference…

U.S. Condensate Output Set To Increase In 2018

Jan 26, 2018 at 16:51 | Ron Patterson

(Click to enlarge)From Dec 2016 to Dec 2017 US Tight oil output has increased by 975 kb/d based on US

The Revival Of Mexico’s Oil Industry

Jan 25, 2018 at 16:43 | Tsvetana Paraskova

Over the past decade, Mexico’s crude oil production has been falling due to a natural decline at mature fields and a lack of significant start-ups to compensate. Over the past…

Kuwait Lowers Overseas Oil, Gas Production Target

Jan 25, 2018 at 12:16 | Tsvetana Paraskova

Due to the recent oil industry downturn, Kuwait’s state-held firm Kuwait Foreign Petroleum Exploration (KUFPEC) has cut its target for oil and gas production outside Kuwait to 150,000 barrels of…

Oilfield Services Bounce Back On Oil Rally

Jan 24, 2018 at 14:56 | Tsvetana Paraskova

The oilfield services industry was hit hard by the 2014 oil price crash after exploration and production companies reduced investments and drilling during the downturn. The ripple effect on the…

Is The Shale Boom A Certainty?

Jan 24, 2018 at 10:30 | Osama Rizvi

Among the fears that grip today’s oil markets, nothing is as strong as the uncontrollable rise of U.S. shale production. While OPEC and its partners have managed to push oil…

Oil Markets Relieved After EIA Reports Crude Inventory Draw

Jan 24, 2018 at 09:47 | Irina Slav

A day after the American Petroleum Institute surprised the market with a substantial inventory build, the Energy Information Administration dispelled doubts about the balance between supply and demand by…

The Biggest Year Yet For U.S. Shale

Jan 23, 2018 at 16:35 | Nick Cunningham

U.S. shale companies are expected to ramp up production this year, and higher oil prices could lead to the industry turning profits for the first time. For years, the shale…

Venezuela Claims To Be Able To Boost Oil Production By 1M Bpd

Jan 23, 2018 at 12:32 | Tsvetana Paraskova

Cash-strapped and crisis-stricken Venezuela “can easily manage” an oil production increase of 1 million bpd this year to lift its production capacity to 2.472 million bpd, its oil minister Manuel…

Largest Oil Consumers Not In A Rush To Hedge Crude

Jan 23, 2018 at 10:53 | Irina Slav

Four major airlines have said they have no plans to hedge fuel deliveries despite higher oil prices. These include Delta, American, United, and Dubai’s Emirates. This may suggest the…

Will This Cause An Oil Price Reversal?

Jan 22, 2018 at 16:50 | Olgu Okumus

Last Friday, oil prices surpassed $70 per barrel. With OPEC’s decision to reduce oil production, oil prices continue their rise. While Iran’s oil minister stated in early January that…

A Look Inside The World’s Hottest Shale Play

Jan 22, 2018 at 13:50 | Robert Rapier

Boomtown Last week, my day job took me to the Permian Basin. A colleague and I arrived late at night at our hotel in Fort Stockton, Texas. The hotel parking lot was full.…

Crisis-Hit Venezuela Takes Over OPEC's Rotating Presidency

Jan 22, 2018 at 10:42 | Tsvetana Paraskova

Venezuela is taking over the rotating presidency of OPEC for 2018 at a time when the country’s oil production is falling to a nearly three-decade low amid a severe…

The No.1 Challenge To The Oil Rally

Jan 19, 2018 at 17:23 | Nick Cunningham

The oil price rally could get derailed by “explosive” growth from U.S. shale in 2018, and “substantial gains” in Canada and Brazil will also add to the supply woes. The…

Oil Traders Have Never Been This Bullish

Jan 19, 2018 at 17:23 | Irina Slav

Net long bets on WTI and Brent hit over 1 billion barrels last week. Speculators are apparently falling over themselves to pour money into these two futures. And prices are…

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