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New Technology Is Fueling America’s Oil Boom

New Technology Is Fueling America’s Oil Boom

The US achieved record-breaking oil…

Energy / Crude Oil

Japan And Iran Could Keep a Lid On Oil Price Rally

Feb 03, 2016 at 12:41 | Hadaf Zubi

Last week West Texas Intermediate rallied 4.62 percent and was up for the second week in a row. It is important to note that the price…

BP Reports Huge Loss As Oil Slump Lingers On

Feb 02, 2016 at 16:37 | Nick Cunningham

The fourth quarter is shaping up to be one of the most painful in recent memory for the oil and gas industry. BP is the…

This Could Be A Big Setback For Iran’s Oil Export Plans

Feb 01, 2016 at 09:30 | Dave Forest

Short but potentially very important note for the oil market over the weekend. From a place that’s been one of the major focus points for the…

Rig Count Update: Moment of Truth for the Permian Basin?

Jan 30, 2016 at 10:05 | Arthur Berman

The U.S. land rig count fell 17 to 590 and the horizontal land rig count fell 13 to 487. Horizontal Land Rig Count Update This week, the Permian basin horizontal…

Is China The Big Sponge That Absorbs The Oil Glut?

Jan 29, 2016 at 16:53 | Colin Chilcoat

Discerning market pessimism from fundamental-based movements can be difficult, especially with all the moving oil has done in the last year plus. And to be sure,…

LukOil Back In Iran As Russia’s Output Faces Decline

Jan 29, 2016 at 16:35 | Irina Slav

Russia’s LukOil may have dropped some of its other new exploration projects as sliding oil prices curtail spending, but the specter of declining Russian crude…

Is Eagle Ford Making A Comeback?

Jan 29, 2016 at 15:48 | Allen Gilmer

In today’s gloomy oil-price news cycle, it’s sometimes easy to overlook the fact that if not for the advent of hydraulic fracturing coupled with horizontal drilling…

Continental Resources 2016 Guidance & Oil Price Impact

Jan 29, 2016 at 12:29 | Leonard Brecken

Continental Resources (CLR) announced its 2016 guidance on January 26 (excerpts below). Essentially it confirms our theory of the new normal of seeking free cash…

Russian-OPEC Production Cut Remains A Long Shot

Jan 28, 2016 at 15:51 | Nick Cunningham

The rumors of a coordinated production cut between OPEC and Russia continue to grow more serious. The latest comes from the Russian energy minister Alexander Novak,…

9 Billion Barrels Of Crude At Risk In Massive Nigerian Oil Shakeup

Jan 27, 2016 at 17:28 | Julianne Geiger

Supermajors Shell and Italian Eni could be facing the loss of one of the biggest offshore oil exploration blocks in Nigeria, putting an estimated 9 billion…

Is A Russian, OPEC Production Cut In The Making?

Jan 25, 2016 at 14:36 | Nick Cunningham

The head of OPEC called on oil producers around the world to work together to address the current state of oversupply. “It is vital the market…

Saudi Aramco Chairman Talks Oil Down

Jan 25, 2016 at 11:56 | Charles Kennedy

The sharp rally in oil prices at the end of last week came to an abrupt halt on Monday, with WTI and Brent both trading down…

U.S. Land Rig Count 22 Jan 2016

Jan 23, 2016 at 20:37 | Arthur Berman

The U.S. land rig count for the week ending 22 January 2016 was 607, down 16, and the horizontal land rig count was 500, down 11…

Security Woes Threaten OPEC’s Second Largest Producer

Jan 22, 2016 at 17:38 | Tom Kool

Iraq has been one of the key contributors to the uptick in OPEC oil production over the past year and a half. Despite the fact that…

Frustrating Future For North Sea Oil

Jan 22, 2016 at 17:04 | Colin Chilcoat

2015 was a surprisingly good year for British oil production; it was up on the year for the first time in more than 15 years. Global…

Will OPEC Be Forced To Call An Emergency Meeting Soon?

Jan 20, 2016 at 11:23 | Charles Kennedy

Oil prices dropped to fresh lows during midday trading on January 20, with WTI dipping below $27 per barrel and Brent trading under $28. The crash…

Oman Offers to Slash Oil Production If OPEC Follows Suit

Jan 19, 2016 at 11:35 | Julianne Geiger

Oman wants to slash oil production in order to staunch the price slide and ease the supply glut—but it won’t move before OPEC does. It’s…

U.S. Crude Production Could Fall Harder Than Thought In 2016

Jan 18, 2016 at 11:53 | James Hamilton

According to the Energy Information Administration’s Monthly Energy Review database, world field production of crude oil in September was up 1.5 million barrels a day…

The World Just Lost One Of Its Biggest Oil Plays To Low Prices

Jan 18, 2016 at 09:46 | Dave Forest

Energy analysts Wood MacKenzie said last week that low oil prices have now caused the delay of 68 planned petroleum projects globally. Representing $380 billion in frozen capital expenditures. And…

When Will Petrobras’ Fire Sale Start?

Jan 17, 2016 at 17:54 | Nick Cunningham

The economic instability in China has raised concerns about the global economy, but the pain is already being acutely felt in Brazil, where economic success over…

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