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Energy / Crude Oil

Why Oil Majors Are Going All-In On U.S. Shale

Why Oil Majors Are Going All-In On U.S. Shale

May 30, 2019 at 15:35 | Nick Cunningham

Chevron sold off much of its assets in the North Sea, no longer viewing the region as a high priority. Ithaca Energy, backed by Israel-based Delek, agreed to buy Chevron…

Oil Prices Flat On Minor Crude Draw

Oil Prices Flat On Minor Crude Draw

May 30, 2019 at 10:10 | Irina Slav

Amid the ongoing fears of an escalating trade war between China and the United States, the Energy Information Administration countered the price decline potential of the China factor by reporting…

Saudis Raise Oil Prices To Asia As Demand Spikes

Saudis Raise Oil Prices To Asia As Demand Spikes

May 30, 2019 at 09:02 | Tsvetana Paraskova

Emboldened by strong prompt demand amid tighter oil supply due to the U.S. sanctions on Venezuela and Iran, the world’s top oil exporter Saudi Arabia is expected to raise the…

Floods Threaten America’s Largest Oil Hub

Floods Threaten America’s Largest Oil Hub

May 29, 2019 at 11:13 | Irina Slav

Major flooding in the Midwest has interfered with crude oil flows from the country’s main storage hub in Cushing, Oklahoma, temporarily pushing prices higher, Reuters reports. “Flooding seems to…

Only 10% Of U.S. Shale Drillers Have A Positive Cash Flow

Only 10% Of U.S. Shale Drillers Have A Positive Cash Flow

May 29, 2019 at 10:58 | Rystad Energy

Nine in ten US shale oil companies are burning cash, according to Rystad Energy. Rystad has studied the financial performance of 40 dedicated US shale oil companies, focusing on cash…

Peace And Oil: Trump’s Endgame In Saudi Arabia

Peace And Oil: Trump’s Endgame In Saudi Arabia

May 28, 2019 at 16:04 | Tim Daiss

By now, after two-and-a-half years in office, it’s obvious that President Trump’s relations with Riyadh are dictating his foreign policy, even at the expense of further enraging a Democratic-controlled Congress…

The Second Machine Age Could Crash Oil Prices

The Second Machine Age Could Crash Oil Prices

May 28, 2019 at 15:51 | Vincent Lauerman

The International Energy Agency (IEA), OPEC and the U.S. Energy Information Administration (EIA), have consistently and seriously underestimated U.S. oil production, and hence non-OPEC supply, since the Shale Oil Revolution…

Why EVs Can’t Do Without Oil

Why EVs Can’t Do Without Oil

May 28, 2019 at 14:18 | Irina Slav

Like most debates these days, the debate on the carbon footprint of electric vehicles is a heated one with the most vocal opinions coming from extreme camps. Again, like most…

Norwegian Oil Patch Ramps Up Spending To Counter Decline

Norwegian Oil Patch Ramps Up Spending To Counter Decline

May 28, 2019 at 11:01 | Irina Slav

Norway’s oil and gas companies plan to spend 17 percent more this year, at about US$21.11 billion as they step up their exploration and production efforts, Reuters reports, citing…

The Single Biggest Challenge For The Oil & Gas Industry

The Single Biggest Challenge For The Oil & Gas Industry

May 28, 2019 at 09:28 | Irina Slav

The string of new oil discoveries off the coast of Guyana has lifted spirits recently, creating the impression that the energy industry is back on its feet and making more…


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