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The Shale Boom Is About To Go Bust

The Shale Boom Is About To Go Bust

The shale boom has transformed…

Chinese Oil Majors Backtrack On Pledge To Buy Iranian Oil

Chinese Oil Majors Backtrack On Pledge To Buy Iranian Oil

Though China has repeatedly stated…

Energy / Crude Oil

Is This The End Of The OPEC Deal?

Is This The End Of The OPEC Deal?

Apr 11, 2019 at 17:33 | Nick Cunningham

Oil prices ran into a brick wall on Thursday, falling more than 1 percent on news that U.S. inventories jumped and OPEC may be considering an exit from its production…

BP Pulls Out Of China’s Shale Patch

BP Pulls Out Of China’s Shale Patch

Apr 11, 2019 at 10:38 | Tsvetana Paraskova

BP is set to become the latest international major to quit drilling for shale gas in China because of poor exploration drilling results so far, Reuters reported on Thursday,…

Shale Jobs In Jeopardy Despite Oil Price Rally

Shale Jobs In Jeopardy Despite Oil Price Rally

Apr 10, 2019 at 16:32 | Nick Cunningham

Oil prices are climbing to new heights, but many shale companies are not exactly riding high. U.S. shale drillers have run into a series of problems that have resulted…

Oil Rallies As OPEC Production Falls

Oil Rallies As OPEC Production Falls

Apr 10, 2019 at 14:00 | Ron Patterson

The below OPEC charts were taken from data in the OPEC Monthly Oil Market Report. All data is through March 2019 and is in thousand barrels per day.

OPEC Oil Output Dips To Four-Year Low As Cartel Tightens Market

OPEC Oil Output Dips To Four-Year Low As Cartel Tightens Market

Apr 10, 2019 at 10:59 | Tsvetana Paraskova

OPEC’s crude oil production dropped by more than 500,000 bpd month on month in March, to the lowest since February 2015, as Saudi Arabia followed through its commitment to cut…

Oil Rallies Despite Large Crude Build

Oil Rallies Despite Large Crude Build

Apr 10, 2019 at 09:43 | Irina Slav

Crude oil prices brushed off the Energy Information Administration inventory report today, which saw a 7-million-barrel build in crude oil inventories for the week to April 5. The authority…

Smart Money Is Piling Into Oil

Smart Money Is Piling Into Oil

Apr 09, 2019 at 17:28 | Nick Cunningham

Oil prices jumped to five-month highs this week, pushed higher by a bullish cocktail of supply outages, geopolitical unrest and a sputtering shale sector. The most recent factor is the…

Shell Ventures Into China’s Shale Oil

Shell Ventures Into China’s Shale Oil

Apr 09, 2019 at 10:58 | Tsvetana Paraskova

Oil supermajor Shell has signed an agreement with China’s Sinopec to jointly study the potential development of shale oil in eastern China—one of the few international majors venturing into…

Has Brazil's Oil Boom Been Overstated?

Has Brazil's Oil Boom Been Overstated?

Apr 08, 2019 at 16:41 | Nick Cunningham

Recent hiccups for Brazilian oil supply call into question the growth projections for the country, with implications for the global oil market. Brazil’s oil production slipped by 65,000 bpd in…

Oil & Gas Discoveries On The Rise As Oil Majors Dive In

Oil & Gas Discoveries On The Rise As Oil Majors Dive In

Apr 08, 2019 at 10:31 | Rystad Energy

Oil and gas exploration is off to a flying start in 2019, with majors taking a bigger bite of the conventional resources discovered in the first quarter, according to Rystad…

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