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U.S. Shale Oil Production Growth Is Slowing Down

U.S. Shale Oil Production Growth Is Slowing Down

When the illusion of unending…

Explaining the Israel and Iran Missile Exchange

Explaining the Israel and Iran Missile Exchange

In response to Iran's attack…

Energy

Hydrocarbon King: U.S. Ranks No.1 In 2016

Jun 08, 2017 at 09:26 | Oil & Gas 360

Decreasing production in 2016 not enough to dethrone U.S. oil and gas industry Despite the lowest commodity prices in 13 years, U.S. oil and gas production in 2016 continued to…

Is Russia Running Out Of Patience With OPEC?

Jun 07, 2017 at 17:02 | Viktor Katona

Fulfilling its promise to all other signatories of the Vienna deal, Russia has cut its crude production by 300 000 barrels per day. The relative ease with which both the…

Texas Oil And Gas Exports Are Booming

Jun 07, 2017 at 15:35 | Irina Slav

As soon as the export ban on oil - in force since 1973 - was lifted in America, producers started making global expansion plans. Oil was depressingly cheap, production was…

JP Morgan Slashes Its 2018 Oil Price Forecast By $11

Jun 07, 2017 at 15:21 | Tsvetana Paraskova

The U.S. shale-vs-OPEC-cuts tale has been the predominant theme in oil markets this year, and like the cartel’s output cut, it will be rolling over into next year as well.…

How Oil Tech Saved This Permian Town

Jun 07, 2017 at 15:09 | Tsvetana Paraskova

While the oil price crash was forcing shale drillers to idle rigs, lay off workers, or go bust, some big producers continued to pump oil from conventional fields in the…

Libya’s Largest Oil Field Shuttered By Protests After Oil Worker Dies

Jun 07, 2017 at 14:58 | Zainab Calcuttawala

A new workers’ protest in Libya has shut down the country’s largest oilfield, creating yet another hurdle for a war-torn country as it struggles to rebuild its oil output. The…

The World’s Third Largest Oil Consumer Aims To Drastically Reduce Imports

Jun 07, 2017 at 13:03 | Drilling Info

India, the world’s third largest oil consumer, imports about 82 percent of its crude oil requirements, and meets just 18 percent of its demand through local sources. The Indian Government…

U.S. Oil To Break Production Record In 2018

Jun 07, 2017 at 11:08 | Oil & Gas 360

7.2 percent production growth coming in 2018: EIA The U.S. will break a 47-year record next year, according to the EIA, as shale production continues to recover from the global…

Oil Prices Collapse As The EIA Reports Unexpected Inventory Build

Jun 07, 2017 at 10:02 | Irina Slav

The Energy Information Administration poured ice cold water on the budding hope that inventory levels in the world’s largest oil consumer may be normalizing, by reporting a 3.3-million-barrel…

OPEC Production Spikes – Has The Cheating Begun?

Jun 07, 2017 at 09:16 | Tsvetana Paraskova

OPEC’s crude oil production increased by 270,000 bpd in May over April, to stand at 32.12 million bpd--the highest level since January this year--as exempt Libya and Nigeria saw their…

The World’s Top Oil Consumers

Jun 06, 2017 at 13:51 | Irina Slav

No doubt when faced with the question “Who’s the biggest oil guzzler in the world?” one would immediately think about the U.S. or China. Or perhaps India. Few of us,…

America’s Unstoppable LNG Boom

Jun 06, 2017 at 13:10 | Tsvetana Paraskova

Since Cheniere sent America’s first LNG cargo abroad in early 2016, U.S. gas exports have reached buyers in Latin America, Europe, Asia, and even the Middle East. The shale gas…

Nigeria’s Oil Theft Epidemic

Jun 06, 2017 at 13:04 | Shadow Governance Intel

Although crude oil theft has long been the subject of intense media attention in Nigeria, the downstream theft of hydrocarbons has remained under the radar. Despite this, downstream hydrocarbon theft…

Bearish News Mounts For Oil Markets

Jun 06, 2017 at 12:21 | Tom Kool

The 9-month extension to the OPEC deal has had a surprisingly negative impact on oil prices, which headed downward once again at the start of the week due to the…

Is $75 Oil Still Possible?

Jun 06, 2017 at 11:48 | Oil & Gas 360

More draws predicted for late 2017, 2018 The oil market rebalancing is in progress, even if it is slower than expected, according to releases by Societe Generale and RBC Capital…

The Unlikely Alliance Between Russia And Saudi Arabia

Jun 06, 2017 at 10:48 | Metal Miner

It is something of an unholy alliance, but Russia and Saudi Arabia are becoming ever closer allies in a graphic example of realpolitik. The two would probably be implacable enemies…

Oil Markets Unshaken By Rising Geopolitical Tensions

Jun 06, 2017 at 09:49 | Matt Smith

As pockets of geopolitical tension leave the crude market neither shaken nor stirred, hark, today we dig into some of these hotspots to see what their energy flows look like,…

The Dark Side Of The Oil Tech Boom

Jun 05, 2017 at 15:58 | Haley Zaremba

As artificial intelligence becomes ever more attainable and tech start-ups continue to divide and multiply, traditional oilfield research and development is going the way of the buffalo. Drilling is still…

What Is Behind The Diplomatic Crisis In The Persian Gulf?

Jun 05, 2017 at 15:56 | Gregory Brew

A sudden diplomatic crisis broke out in the Persian Gulf on June 5, as a coalition of countries moved to isolate Qatar, the tiny oil and gas-rich emirate. In…

Can Canadian Crude Compete In Asia?

Jun 05, 2017 at 15:36 | Rakesh Upadhyay

Will the Canadian oil producers rake in higher prices for their crude oil if they sell to Asia? Is the U.S. unfairly discounting Canada’s heavy crude oil stream – the…

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