Is The Sky The Limit For U.S. Shale?
The IEA’s forecast that U.S. shale will dominate the oil market over the next three years because of skyrocketing shale production made global headlines on Monday, but the conclusions should Continue Reading
Beleaguered GE Hopes Energy Storage Is Its Next Big Business
General Electric Co. GE 1.53% plans to unveil a new battery platform Wednesday as it seeks to become a leader in the emerging market of storing electricity. GE is set Continue Reading
Shale Trailblazer Turns Skeptic on Soaring U.S. Oil Production
One of the pioneers of the U.S. shale boom plans to deliver a surprising message at a major energy conference here this week: U.S. oil production won’t keep growing as Continue Reading
Exec: Statoil Has Room To Grow More In North Dakota’s Bakken
Statoil has plenty of growth opportunities left in North Dakota’s Bakken shale formation, an executive says. Statoil ASA, the Norwegian state-controlled oil producer, has plenty of growth opportunities left in Continue Reading
Russia must speed up European gas pipeline projects due to Ukraine dispute: Novak
Russian Energy Minister Alexander Novak said on Tuesday Moscow should speed up work on gas export pipeline projects to Europe due to tensions with Ukraine over the transit of gas. Continue Reading
Oil inches up on strong demand forecasts, OPEC-led output cuts
Oil futures rose on Tuesday for a third session, underpinned by robust demand forecasts and as ministers from OPEC touted the strength of its agreement to cut output to bolster Continue Reading
Oil prices rise on forecasts for growing demand, OPEC concerns
Crude prices rose on Monday along with the U.S. stock market on forecasts for robust oil demand growth and concerns that output from OPEC producers would grow at a much Continue Reading
Rystad Energy: Mature Fields Grew By 151 Billion Barrels In Four Years
Rystad Energy estimates that liquid resources from mature assets grew 151 billion barrels over the last four years, which is almost 17 percent more than the amount produced in those Continue Reading
Opec says hedge funds lack ‘basic understanding’ of oil
Hedge funds are an important players in the oil market, but some do not comprehend how it works, a senior Opec official has said. Mohammad Barkindo, the cartel’s secretary-general, met Continue Reading
IEA Predicts Nightmare Scenario For OPEC
Over the next three years, the U.S. will cover 80 percent of the world’s demand growth, the IEA says in its newly-released Oil 2018 annual report. Canada, Brazil and Norway Continue Reading