Oil futures finished higher in light trading Thursday amid expectations of a decline in US crude oil inventories. ICE February Brent settled up 72 cents at $67.92/b and NYMEX February Continue Reading
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
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
America’s top shale field is becoming increasingly gassy as drilling slows down, undercutting profits for explorers at a time when investors are demanding better returns. Natural gas has long been a Continue Reading
Where it stands : The following five charts show the U.S. Energy Information Administration projections for the future from a decade ago, along with current EIA data to compare those Continue Reading
Platts Dated Brent averaged $79/b over the last decade. The financial crisis, an unforeseen surge in US shale production and the combustible Middle East defined the period for oil markets. Continue Reading
As a busy 2019 in the oil and gas industry ends, analysts are busy issuing predictions about next year and what they would mean for oil markets and prices. This Continue Reading
US crude oil inventories likely extended their slide last week amid an uptick in refinery demand and strong export activity, an S&P Global Platts analysis showed Monday. Commercial crude stocks Continue Reading
Banks are cutting their lending to struggling U.S. shale drillers, another blow to an industry that has long been dealing with a questionable business model. Banks are restricting lending and Continue Reading
Below are a number of oil production charts for Non-OPEC countries, created from data provided by the EIA’s International Energy Statistics and updated to August 2019. Information from other sources Continue Reading
