Are Investors Bailing On U.S. Shale?
U.S. oil production continues to grow, with the EIA reporting a shocking jump in output last week. Total U.S. production rose to 9.5 million barrels per day (mb/d) for the Continue Reading
Alaska’s Conflicted Oil Future
Alaska, the final frontier, may be the next oil industry goldmine thanks to aggressive drilling, changing environmental policies, and a bullish administration. Not all Alaskans, however, are on board with Continue Reading
Gazprom’s gas exports inch higher
Russia natural gas company Gazprom said it’s scaling up its deliveries to consumers that would be fed eventually by a pipeline through Turkey. The company said its natural gas shipments Continue Reading
Russia Claims To Have Invented Alternative To Fracking
Russian scientists and local oil field services companies claim to have created a technology for thermochemical gas fracturing that could be an alternative to hydraulic fracturing and could increase oil Continue Reading
UK Oil Production, Reserves and Future Projection
Production History and Reserves UK oil production peaked in 1999. The peak was probably pushed out a couple of years because of the major production interruptions following the Piper Alpha Continue Reading
Why Would Oil Demand Peak, Contrary to Peak Oil Supply?
People find it hard to believe that there is another side of the ‘Peak Oil Supply’ theory, which is ‘Peak Oil Demand’. The oil industry is quite familiar with the Continue Reading
Oil Falls as Production Increase Outweighs Stockpile Decline
Oil prices fell to a three week low Wednesday as data showing an increase in U.S. oil production outweighed the largest weekly decline in oil stockpiles this year. U.S. crude Continue Reading
Goodbye contango? Oil’s long march toward backwardation: Kemp
“The rebalancing of the oil market desired by the leading producers has been a stubborn process,” the International Energy Agency wrote in its latest monthly oil market report. The agency’s Continue Reading
The Single Biggest Bullish Catalyst For Oil
One of the key objectives for OPEC is to bring down inventories, a goal that has been elusive this year. But if the oil futures curve is anything to go Continue Reading
Will Oil Demand Growth Be Enough To Tackle Inventories?
The first is a report on bets taken by the highly successful hedge fund manager Pierre Andurand on the direction for prices. Andurand is predicting prices will rise above $100 Continue Reading