The explosive growth of U.S. shale production has capped gains of international and U.S. oil prices, offsetting OPEC’s production cuts in the first half of the year and contributing to Continue Reading
Forecasting is a dangerous game and one of the easiest ways to invite ridicule. The following comments, therefore, are not forecasts but simply form an indicative list of the key Continue Reading
Job growth in Texas is not exactly screeching to a halt, but low oil prices could start to lead to weaker employment figures. “The Texas labor market will likely tighten Continue Reading
It is a common sensation at this time of year: waiting for something in eager anticipation, only to find it disappointing when it eventually arrives. For decades, the US has Continue Reading
Producers Diamondback Energy Inc., FANG -1.07% Parsley Energy Inc. PE -2.18% and Centennial Resource Development Inc. CDEV -1.63% either plan to operate fewer drilling rigs in 2019 or recently lowered Continue Reading
A day after the American Petroleum Institute pressured already stressed oil prices further with an unexpected inventory build, the Energy Information Administration reported instead that crude oil inventories were virtually Continue Reading
U.S. energy firms added oil rigs for a second week in a row even as oil prices fell to 1-1/2-year lows and headed for losses of more than 20 percent Continue Reading
U.S. crude oil refinery inputs averaged 17.4 million barrels per day during the week ending December 21, 2018, which was 58,000 barrels per day less than the previous week’s average. Continue Reading
Coming off a rather abysmal week for oil prices, Baker Hughes reported a 3-rig increase for oil and gas in the United States this week. The total number of active Continue Reading
Although natural gas flaring in the Bakken Shale set records in 2018, those levels are starting to fall as the first of one of several processing plants planned for the Continue Reading
