Offshore Oil Sector Slammed By Price Plunge, Coronavirus Fears
The fall, which in some cases wiped off almost a fifth of some rig builders’ market value in a single trading session, came after news that Saudi Arabia would go Continue Reading
The First Casualty Of Tanking Oil Prices
In the wake of one of history’s largest oil price declines in a single day, a Rystad Energy impact analysis shows that US drilled but uncompleted wells (DUCs) will be Continue Reading
Investor Exodus Leaves Oil Stocks In Disarray
Oil stocks have suffered a lot over the past half decade. First it was the 2014 oil price crash. Just as the oil industry emerged from the collapse, the energy Continue Reading
Shale’s New Reality: Almost All Wells Drilled Now Lose Money
America’s shale producers already had a profitability problem. It just got a lot worse. At a stroke, Saudi Arabia and Russia and their battle for market share have made almost all U.S. shale Continue Reading
Oil Price Crash: 50% Of U.S. Shale Could Go Bankrupt
It’s one for the history books. Oil opened on Monday down roughly 25 percent , the sharpest decline in decades, and broader financial markets fell so precipitously that the circuit Continue Reading
Can U.S. Shale Survive The Oil Price War?
On Friday, the oil market’s worst fears came true: OPEC+ failed to agree on how to deal with the coronavirus’ effect on oil demand, sending oil prices plunging. But with Continue Reading
Global Oil Producers Face Brutal Reckoning After Epic OPEC+ Fail
The alliance between Saudi Arabia and Russia was the only thing that kept the world oil market from tumbling into the abyss. Now its collapse threatens to plunge the industry into a generation-defining Continue Reading
What’s Next For North American Shale?
The world has become accustomed to ever-increasing production from U.S. shale reservoirs. As you can see in the chart in the next section production from these tight reservoirs has increased Continue Reading
OPEC+ breakdown could cause US shale output to decline
The breakdown in OPEC+ negotiations for deeper output cuts in response to reduced oil demand stemming from the COVID-19 virus could send push oil prices below $40/b, causing US shale Continue Reading
Russia breaks Opec oil alliance as it takes on US shale
Just as the coronavirus outbreak wreaks havoc on the oil market, Russia has spotted an opportunity to hurt rivals in the US shale patch. Moscow’s partner’s in Opec now are Continue Reading