Hedging Rush In U.S. Shale Could Send Prices Tanking
The U.S. shale industry could add yet another dose of new supply in July, with the EIA projecting production growth of about 127,000 barrels per day month-on-month. The fact that Continue Reading
The Downturn Is Over, But U.S. Oil Companies Face A Huge Problem
The downturn may be over, but the oil price crash has left behind potentially long-term consequences for the oil industry. In the wake of the oil price rout that started Continue Reading
North American Pipeline Capacity Crisis Looms Large
Canada’s problem with its oil pipeline capacity is becoming increasingly serious as opposition to new pipelines is growing in intensity. The situation will only worsen in the coming months as Continue Reading
North Dakota oil output up 25,000 b/d in April, gas sets record
North Dakota oil production averaged over 1.05 million b/d in April, up nearly 25,000 b/d from March, the state Department of Mineral Resources said Tuesday. Oil production in April was Continue Reading
Shale Output Set To Hit All Time High Next Month
While the June oil production data is still pending, it is safe to say that the June oil output from U.S. shale producers – estimated today by the EIA at Continue Reading
Flooded markets mean low gas prices for U.S. commuters
Refineries leaving the market flush with gasoline and prices are lower year-on-year as a result, motor club AAA said in a weekly retail market report. File photo by Eduardo Sverdlin/UPI. Continue Reading
U.S. withdrawal from Paris climate deal unlikely to impact emissions
U.S. President Donald Trump leaves after attending an event welcoming the Clemson Tigers, the 2016 NCAA Football National Champions, at the White House in Washington, U.S. June 12, 2017. The Continue Reading
U.S. shale firms more exposed to falling oil prices as hedges expire
Cash-strapped U.S. shale firms scaled back their hedging programs in the first quarter, leaving them more vulnerable to tumbling spot market prices just after OPEC reached a landmark deal to Continue Reading
Poland welcomes U.S. natural gas but defends coal power
The first shipment of American liquefied natural gas from Louisiana’s Cheniere Energy arrived in Poland on Wednesday, a feat hailed as an energy milestone in both Poland and Europe . Continue Reading
Could Russian Hackers Cause Power Outages In The US?
Hackers believed to be allied with the Russian government have devised a cyberweapon that has the potential to be highly disruptive against the world’s electrical systems, researchers have reported. The Continue Reading