Short-Term Energy Outlook
Forecast Highlights Global liquid fuels EIA delayed the release of the March STEO update by one day to incorporate recent significant global oil market developments. On March 9, Brent crude Continue Reading
Oil price collapse sours $310-million deal for failed shale producer
A court-ordered sale of one-time shale high-flyer Alta Mesa Resources Inc fell through due to a lack of financing on Monday, according to court filings, a day when oil prices Continue Reading
U.S. crude output growth to slow, oil prices to slump
U.S. oil production is expected to grow more slowly in 2020 and drop outright in 2021, forecasters said this week after U.S. shale producers cut investment plans further when OPEC Continue Reading
White House likely to pursue federal aid for shale companies hit by oil shock downturn
The White House is strongly considering pushing federal assistance for oil and natural gas producers hit by plummeting oil prices amid the coronavirus outbreak, as industry officials close to the administration Continue Reading
Can Russia use Saudi price war to strike a fatal blow on US shale?
A popular post on Russian social media this week depicts Karl Bryullov’s apocalyptic painting “The Last Day of Pompeii”, with Igor Sechin, head of Russia’s biggest oil company, added to Continue Reading
Historic Oil Crash Exposes Energy Firms That Binged on Debt
From Indian tycoon Anil Agarwal’s metals and mining company to American shale explorers, the historic crash in oil prices has left energy companies that loaded up on debt vulnerable. With a global Continue Reading
North American oil companies slash spending to cope with $30/bbl crude
Occidental Petroleum Corp ( OXY.N ) on Tuesday became the latest to join a growing list of hard-pressed North American oil producers slashing spending and drilling after crude prices slumped Continue Reading
Oil-producing U.S. states to lose revenue as crude prices collapse
Alaska, New Mexico and other states that benefited most from the nation’s energy boom may soon need to patch holes in their budgets due to a 45% dive in U.S. Continue Reading
Only 5 Shale Drillers Are Still Profitable At $31 Oil
Most shale oil wells drilled in the United States are unprofitable at current oil prices, Rystad Energy has warned. The Norwegian consultancy said, as quoted by Bloomberg, that drilling new Continue Reading
U.S. Shale Collapse Will Lead To Higher Oil Prices
U.S. shale growth is about to decline, becoming an immediate victim of the Saudi-Russian price war. Saudi Aramco said that it would increase oil production to 12.3 million barrels per Continue Reading