US oil and gas executives expect WTI prices to average $58.54/b by the end of 2020, but most are also basing their capital spending on 2020 prices trading roughly 8% Continue Reading
Markets are expecting lower gas prices to return to the Permian Basin next year as surging production overwhelms West Texas again before key midstream capacity expansions enter service in 2021. Continue Reading
The U.S. dropped eight oil rigs this week while the number of gas rigs remained flat. The U.S. dropped eight oil rigs this week while the number of gas rigs Continue Reading
America’s top shale field is becoming increasingly gassy as drilling slows down, undercutting profits for explorers at a time when investors are demanding better returns. Natural gas has long been a Continue Reading
If current crude flow data forms the basis of industry opinion, US shale oil production has shifted the tectonic plates of the market. Thanks largely to a massive output uptick Continue Reading
A bankruptcy boom has hit the oil and gas industry, and it’s just getting started. Investors have lost their appetite for shale, and energy debt has become among the least Continue Reading
2020 is expected to be another record year for the region with average production above 1.9 million barrels per day. Despite a massive downturn in investment in the U.S. Federal Continue Reading
A decline in crude oil supply after 2020 could lead to higher prices, the Russian Energy Ministry said in a draft energy strategy document. The same document, however, also saw Continue Reading
The US will sanction any company involved in construction of Nord Stream 2 gas pipeline if its operations on the pipeline are not wound down within 30 days, the US Continue Reading
Shortages of oil products have started mounting as strikes at most French refineries entered their fourth week resulting in increased imports of diesel and gasoil, sources said Friday. Receive daily Continue Reading
