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Shale Drillers May Cut Capex As Oil Falls To $50

Shale Drillers May Cut Capex As Oil Falls To $50

Shale drillers might spend less…

Oil Prices Tank Despite Large Crude Draw

Oil Prices Tank Despite Large Crude Draw

Oil prices fell on Thursday…

Energy / Crude Oil

Alaska Sees Record Breaking Year For Oil And Gas Leases

Alaska Sees Record Breaking Year For Oil And Gas Leases

Nov 16, 2018 at 16:29 | Tim Daiss

Alaska is still trying to make an oil production comeback after years of declining production from maturing fields. On Wednesday, the Alaska Department of Natural Resources said in a release…

Saudis Cut Oil Exports To U.S. To Boost Crude Prices

Saudis Cut Oil Exports To U.S. To Boost Crude Prices

Nov 16, 2018 at 13:17 | Tsvetana Paraskova

Saudi Arabia has been slashing oil exports to the United States over the past two months, in what looks like a move to force a reduction in the world’s…

Canadian Oil Producers Divided On Output Cuts

Canadian Oil Producers Divided On Output Cuts

Nov 16, 2018 at 10:23 | Irina Slav

Crude oil producers in Alberta appear to be split on a proposed cut in production amid record-low prices, Canadian media report. One of the large Canadian oil producers, Cenovus…

Will The ‘Next Permian’ Ever Be Developed?

Will The ‘Next Permian’ Ever Be Developed?

Nov 16, 2018 at 09:10 | Rystad Energy

The Vaca Muerta Shale Basin in Argentina is the only unconventional play outside of North America where activity has already made the transition from exploration to full-scale development. The potential…

Canada’s Crude Crisis Is Accelerating

Canada’s Crude Crisis Is Accelerating

Nov 15, 2018 at 13:12 | Haley Zaremba

Canadian oil producers are in an increasingly tough predicament. With high and increasing oil demand around the globe over the last year, Canadian oil production has increased accordingly. All of…

Latest Oil Price Slump Was ‘Made In America’

Latest Oil Price Slump Was ‘Made In America’

Nov 15, 2018 at 12:17 | Tsvetana Paraskova

The long losing streak in oil prices over the past two weeks was the result of U.S. policies and soaring American oil production, Ed Morse, head of commodities research at…

Can OPEC Halt An Oil Market Meltdown?

Can OPEC Halt An Oil Market Meltdown?

Nov 15, 2018 at 11:27 | Nick Cunningham

What a difference one month makes. One month ago, the International Energy Agency (IEA) warned that the world was “straining parts of the system to the limit,” noting that…

The World's Most Important Oil Region

The World's Most Important Oil Region

Nov 15, 2018 at 10:58 | Rystad Energy

Middle Eastern oil production is expected to grow by 2.7 million bpd by 2025, according to latest Rystad Energy analysis. The boost in conventional oil output from the Middle East…

Significant Crude Build Weighs On Oil Markets

Significant Crude Build Weighs On Oil Markets

Nov 15, 2018 at 10:12 | Irina Slav

The Energy Information Administration reported a huge crude oil inventory build for the week to November 9 of 10.3 million barrels, arresting an improvement in oil prices that started…

Can Indonesia Turn Around Its Production Decline?

Can Indonesia Turn Around Its Production Decline?

Nov 14, 2018 at 13:36 | Tsvetana Paraskova

At the end of 2016, Indonesia—which had rejoined OPEC just several months before that—refused to take part in the production cut deal and suspended its membership in the organization. Now…

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