Is the US Shale Boom Really About to End?
If current crude flow data forms the basis of industry opinion, US shale oil production has shifted the tectonic plates of the market. Thanks largely to a massive output uptick Continue Reading
2020: The Year Of The Oil Bankruptcies
A bankruptcy boom has hit the oil and gas industry, and it’s just getting started. Investors have lost their appetite for shale, and energy debt has become among the least Continue Reading
Gulf of Mexico Oil Output Targeting Record Year
2020 is expected to be another record year for the region with average production above 1.9 million barrels per day. Despite a massive downturn in investment in the U.S. Federal Continue Reading
Russia Sees Oil Supply Squeeze In 2020
A decline in crude oil supply after 2020 could lead to higher prices, the Russian Energy Ministry said in a draft energy strategy document. The same document, however, also saw Continue Reading
Is This The Beginning Of The End For Fossil Fuels?
The eventual death of oil and thermal coal won’t come from environmentalists, or even directly from renewable energy–it will come when big banks decide to stop financing it, rendering it Continue Reading
2019 Was A Pivotal Year For Energy
In the years ahead, 2019 could go down in the history books as a pivotal year in the energy transition. This year may be a “tipping point when global capital Continue Reading
Argentina faces big challenges to develop Vaca Muerta for export growth
Argentina is suffering growing pains as it seeks to become a major oil and natural gas exporter, a goal thought feasible thanks to huge shale resources, but which also requires Continue Reading
China data: Nov crude imports from top 5 suppliers hit record highs
China’s top five suppliers — Saudi Arabia, Russia, Iraq, Brazil and Oman — each delivered record high volumes of crude to China in November, propelling the crude import volume of Continue Reading
Oil Prices Up As API Reports Massive Crude Draw
The American Petroleum Institute (API) has estimated a large crude oil inventory draw of 7.9 million barrels for the week ending December 18, compared to analyst expectations of a much Continue Reading
Analysis: SCOOP-STACK operators prove tracking rigs not always indicative of growth
Rigs fall 60% year over year. Production inches up 7% Continued production in Oklahoma’s SCOOP-STACK demonstrates how tracking rig count to determine production swings has become an antiquated practice in Continue Reading