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U.S. Rig Count Rises Alongside Oil Prices

U.S. Rig Count Rises Alongside Oil Prices

The number of active drilling…

Will The Permian Merger Mania Continue Into 2022?

Will The Permian Merger Mania Continue Into 2022?

Permian, M&A, Shale, Oil, Oil…

Energy / Crude Oil

U.S. Onshore Gas Flaring Falls To Lowest Level Since 2012

Dec 15, 2021 at 11:23 | Rystad Energy

Onshore gas flaring in the US nosedived in the third quarter of 2021, falling to its lowest level since at least 2012*, a Rystad Energy analysis shows. Flaring…

Oil Rebounds On Large Crude Draw

Dec 15, 2021 at 09:45 | Irina Slav

Crude oil prices recovered somewhat on Wednesday morning after the Energy Information Administration reported an inventory draw of 4.6 million barrels for the week to December 10. At 428.3 million…

Is Fracking Really Putting America’s Water Supply At Risk?

Dec 14, 2021 at 10:12 | Robert Rapier

The shale oil boom that began about 15 years ago enabled the fastest growth of oil and natural gas production in U.S. history. Prior to the onset of…

Where Will The Oil Industry Spend Its Money In 2022?

Dec 13, 2021 at 13:14 | Tsvetana Paraskova

Oil and gas companies have recovered from the 2020 crisis with bumper cash flows in 2021 and are looking towards 2022 with more cash on hand to increase…

Investors See Peak Demand Happening Much Further In The Future

Dec 10, 2021 at 12:50 | Tsvetana Paraskova

Recovering economies this year have resulted in a robust rebound in oil demand, disproving some projections from the onset of the pandemic in 2020 that the world had…

House Democrats Reintroduce Bill To Ban Fracking, Oil Exports

Dec 10, 2021 at 08:52 | Tsvetana Paraskova

Two House Democrats reintroduced this week a bill targeting a ban on fracking, halting new fossil fuel power plants, and ending U.S. oil and gas exports, just as a group…

Report: U.S. Oil Export Ban Not On The Table

Dec 10, 2021 at 08:13 | Irina Slav

The U.S. administration is not considering a ban on crude oil exports as a means of bringing down retail fuel prices, Reuters has reported, citing an unnamed source familiar…

New Bill Could Force Biden To Boost Oil Production

Dec 09, 2021 at 14:51 | Julianne Geiger

A group of Republican lawmakers have introduced a bill that would protect the U.S. Strategic Petroleum Reserves and shore up U.S. energy security, according to a press release published by…

Asia Is Not Rushing To Buy Extra Crude Oil From Saudi Arabia

Dec 09, 2021 at 10:37 | Tsvetana Paraskova

Higher Saudi prices for January, lower overall demand for crude amid the Omicron uncertainty, the Chinese crackdown on illicit practices at its independent refiners, and refinery maintenance season starting in…

White House: Energy Sanctions Against Russia Will Be A Last Resort

Dec 09, 2021 at 09:38 | Charles Kennedy

Sanctions against the energy industry of Russia in response to reported plans to invade Ukraine will be a last resort, CNN has reported, citing White House officials. "We're trying…

World Leaders Have To Face The Truth About Oil Demand

Dec 08, 2021 at 14:02 | Irina Slav

"Our products make the world run." This is what Chevron's chief executive Mike Wirth said at this week's World Petroleum Congress in Houston. The statement echoed a sentiment…

Oil Investment Must Rise To $525 Billion Per Year To Avoid Supply Crunch

Dec 08, 2021 at 12:56 | Tsvetana Paraskova

Upstream oil and gas investment must rise to the pre-pandemic levels of around $525 billion per year through the end of the decade so that the industry can ensure a…

Traders Bet On U.S. Oil Export Ban

Dec 08, 2021 at 11:05 | Irina Slav

Traders are betting on the possibility the U.S. administration will ban oil exports, Bloomberg has reported, citing a pile-up in options contracts that would yield profits if U.S. West…

Oil Prices Steady On Minor Crude Draw, Products Build

Dec 08, 2021 at 09:46 | Irina Slav

Crude oil prices stabilized on Wednesday morning after the Energy Information Administration reported an inventory draw of 0.2 million barrels for the week to December 3. The report comes a…

Has The EIA Massively Overestimated The Potential Of U.S. Shale?

Dec 08, 2021 at 08:39 | Kurt Cobb

Earth scientist David Hughes—who is out with a new skeptical report on the future of U.S. shale oil and gas—has two very important things in common with Michael Burry. Burry is…

Aramco CEO: Rushed Energy Transition Could Spark Social Unrest

Dec 07, 2021 at 08:48 | Irina Slav

A rushed transition into renewable energy would cause spiraling inflation and social unrest, the chief executive of Aramco warned at the World Petroleum Congress in Texas this week, noting that…

California Is Addicted To Oil From The Amazon

Dec 06, 2021 at 13:16 | Irina Slav

California is by far the most ambitious U.S. state when it comes to things like emission standards, EV sales, and renewable energy. California is shutting down its nuclear…

$3 Trillion In Latin American Oil Assets Are At Serious Risk

Dec 06, 2021 at 12:21 | Alex Kimani

Early this year, the World Bank named Iraq, Libya, Venezuela, Equatorial Guinea, Nigeria, Iran, Guyana, Algeria, Azerbaijan, and Kazakhstan as the most vulnerable oil-producing nations due to their…

Adapt Or Die: Nigeria’s Oil Industry Faces A Huge Challenge

Dec 06, 2021 at 12:17 | Gerald Jansen

Nigeria has had to face countless challenges in the past months, ranging from purely oil-related supply disruptions and oil spills to just casual violence making it really hard…

Saudi Arabia Hikes Oil Prices Despite Omicron Fears

Dec 06, 2021 at 09:58 | Irina Slav

Amid heightened worry about the course of the pandemic after the emergence of the Omicron variant, Saudi Arabia injected a dose of confidence in markets by raising its official selling…

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