U.S. oil production has ticked up in recent weeks as shale producers drill more wells after going through a massive backlog of drilled but uncompleted wells (DUC). After DUC inventory Continue Reading
As oil prices rise and demand recovers, the U.S. oil industry is raising drilling and completion activity and has started to re-hire workers it had dismissed at the peak of Continue Reading
Three giants dominate the global economic system: the EU, United States, and China. Of these three, the Americans are relatively far behind when it comes to centralized clean energy investments. Continue Reading
Highlights Permian production down 300 MMcf/d from 30-day average 83% of USGC gas production still offline as of Sept. 1: BSEE Cash prices for next-day flows of gas in the Continue Reading
Oil was little changed ahead of an OPEC+ meeting that should see further output added to a market that the group sees as needing extra supply. West Texas Intermediate was Continue Reading
Oil prices rose on Wednesday before an OPEC+ meeting in which the producer club is expected to stick to a plan to add 400,000 barrels per day (bpd) each month Continue Reading
The world has missed an opportunity to speed up the transition from fossil fuel to renewables as economic recovery packages aimed at mitigating the impact of COVID-19 have entrenched the Continue Reading
Oil prices slipped on Tuesday amid concerns that power outages and flooding in Louisiana after Hurricane Ida will cut crude demand from refineries at the same time global producers plan Continue Reading
Oil headed for the biggest monthly loss since October as investors weighed the prospect of additional OPEC+ production and the restoration of crude output in the U.S. after Hurricane Ida. Continue Reading
As the global economy emerges from the pandemic and commodity prices continue on a recovery path, it’s becoming increasingly evident that the oil and gas industry is standing on the Continue Reading
