A Crisis At The Heart Of U.S. Shale
The bottlenecks in the Permian are starting to capture the attention of the oil market, raising the prospect that U.S. shale production does not live up to the hype. The Continue Reading
Shale Boom Creates New Petrochemical Hub
The record-setting natural gas production in the United States is benefiting not only consumers. The shale-growth-driven natural gas output is expected to bring benefits to the petrochemical industry as well, Continue Reading
Oil Markets: The Calm Before The Storm
U.S. oil production is expected to rise by another 125,000 bpd in May, compared to a month earlier. – The gains will, unsurprisingly, come from the Permian basin, which is Continue Reading
Syrian risk premium fades from the price of oil
The risk premium for the price of oil from international conflict has faded temporarily as traders look back at accelerations in the U.S. energy market. File Photo by Brian Kersey/UPI Continue Reading
Want the Gas? Buy the Company! A New Way to Finance US LNG
(Bloomberg) — After amassing billions in debt and pushing a bold spending plan, Charif Souki was fired in 2015 by the liquefied natural gas company he founded. Now heading a Continue Reading
The End of Peak Oil
U.S. production of crude oil is now about ten million barrels per day, matching peak levels achieved in 1970 . The Energy Information Administration projects that U.S. oil production this Continue Reading
The Biggest Hurdle To China’s Yuan-Priced Crude Benchmark
China finally launched last month its yuan-denominated crude oil futures that have been in the works for years, after several delays. The start of the new contract trading was successful, Continue Reading
The Aramco Accounts: Inside the World’s Most Profitable Company
Saudi energy giant made $33.8 billion in first half of 2017 Tougher royalty regime imposes higher taxes as oil prices rise It’s a cornerstone of the global economy, producing and Continue Reading
Trump administration weighs high-ethanol fuel waiver to placate farmers
NEW YORK (Reuters) – The Trump administration is considering allowing the sale of a higher ethanol fuel blend in the summer, a source familiar with the issue said, a move Continue Reading
Iranian oil projects have good break-evens, analysts say
A data analytics firm expects Iranian crude oil production will increase over the next few years, even as the country faces looming sanctions pressures. File Photo by tcly/Shutterstock April 6 Continue Reading