The U.S. shale industry is increasingly dominated by the oil majors, with small and medium-sized drillers under financial pressure. Shareholders, banks and other analysts are losing patience with unimpressive performances Continue Reading
Murphy Oil Corporation has signed a deal to sell its assets in Malaysia, becoming the latest U.S. company to exit projects abroad as it focuses on high-margin opportunities in U.S. Continue Reading
Carbon dioxide emissions from S energy consumption will remain near current levels through 2050, according to projections in EIA’s Annual Energy Outlook 2019 . The AEO2019 Reference case, which reflects Continue Reading
Last month, ExxonMobil and Qatar Petroleum announced that they will proceed with construction of the >$10 billion Golden Pass liquefied natural gas (LNG) export facility on the Texas Gulf Coast. Continue Reading
U.S. exports of liquefied natural gas (LNG) to Europe will be the main competition for Gazprom this year, the Russian gas giant said on Thursday in an abrupt change of Continue Reading
Crude oil futures were stable during mid-morning trade in Asia Thursday after an overnight rally that saw both benchmarks rise to four-month highs on the release of bullish US crude Continue Reading
Oil held near 2019 highs on Thursday, supported by tightening U.S. stocks and declining output from key producers due to OPEC production cuts and U.S. sanctions on Iran and Venezuela. Continue Reading
A day after API’s estimate of another weekly crude oil inventory draw in a row sent WTI higher, the Energy Information Administration confirmed a large draw, at 9.6 million barrels Continue Reading
Brent Crude prices could reach $75 a barrel in the third quarter this year as the oil market will likely swing into a deficit, due to OPEC’s production cuts and Continue Reading
Interestingly, there are still peak oil advocates who think that we’ve reached peak oil now, despite the fact that shale oil production is still growing, OPEC+ has about 1.5 mb/d Continue Reading
