U.S. Shale Could Be The Biggest Winner Of The Latest OPEC Cuts
OPEC, and especially OPEC+, has always seemed to be at odds with the U.S. shale industry. From the drastic oil embargos of the ‘70s to the all-out oil price war Continue Reading
Halliburton Claims Electric Frac First
Halliburton Co. reported Thursday that it has deployed the industry’s first successful electric grid-powered hydraulic fracturing operation. “Electric fracturing aligns with our goal to provide the industry with lower-carbon-intensive solutions Continue Reading
Equinor Bags Largest Ever US Offshore Wind Award
Equinor (NYSE: EQNR) has been selected to provide New York State with offshore wind power in what is being described as one of the largest renewable energy procurements in the Continue Reading
New Lockdowns In Europe Put The Brakes On The Oil Demand Rebound
Road traffic and transportation fuel demand in most of Europe at the start of 2021 is likely at its weakest since the end of the first lockdowns in the late Continue Reading
Norway eyes 19% oil production increase to 2024 on Sverdrup success, new projects
Norway expects its oil production to rise by 19% through to 2024 on the back of new developments such as Johan Sverdrup, while it is eyeing emissions reductions in the Continue Reading
Crude oil futures edge lower on weak product demand, stronger dollar
Crude oil futures edged lower during mid-morning trade in Asia Jan. 14 as any bullishness due to a draw in US crude inventories was outweighed by indications of weak fundamentals Continue Reading
Oil Pauses Near $53 With Rising Fuel Supplies Threatening Rally
Oil in New York was steady after a rally that pushed prices to the highest level in 10 months ran out of steam as a rise in U.S. fuel stockpiles Continue Reading
Oil prices edge up on strong China data, U.S. crude oil draw
Oil prices edged higher on Thursday after a drawdown in U.S. crude stocks for a fifth straight week and robust data from China showing a surge in imports, though mounting Continue Reading
Oil Poised for Longest Run of Gains in 2 Years
Oil is poised for the longest winning streak in almost two years after an industry report pointing to another decrease in U.S. crude stockpiles added impetus to a new year Continue Reading
Oil Prices Falter Amid Fuel Build
Oil’s red-hot rally took a breather as a stronger dollar and rising refined products supplies offset shrinking U.S. crude inventories, capping the price under a key technical indicator. Futures in Continue Reading