US shale oil production is expected to rise 134,000 b/d month on month in January to 8.166 million b/d, the US Energy Information Administration said Monday. January’s expected growth is Continue Reading
Analysts surveyed Monday by S&P Global Platts expect US commercial crude stocks to have fallen 3 million barrels last week amid a 0.3 percentage point increase in refinery run rates. Continue Reading
The Drilling Productivity Report uses recent data on the total number of drilling rigs in operation along with estimates of drilling productivity and estimated changes in production from existing oil Continue Reading
The OPEC+ cuts still are not doing very much to boost oil prices, dashing hopes for many U.S. shale producers. With companies in the process of formulating their budgets for Continue Reading
Exxon Mobil Corp. has overtaken rivals to become the most active driller in the Permian Basin. (Bloomberg) — Exxon Mobil Corp. has overtaken rivals to become the most active driller Continue Reading
I have been lucky enough in my life to have lived and worked in multiple countries around the world. That taught me many things, but one that always surprised me Continue Reading
The six largest international oil companies have shored up profits and cash flows this year, reporting incomes at their highest levels since the 2014 oil price crash. Cost cuts, conservative Continue Reading
Oil prices have bounced around in the week following the OPEC+ agreement, and the IEA says that the deal may have at least put a floor beneath prices. However, volatility Continue Reading
The number of new oil and gas projects will rise five-fold next year from a 2015 trough but overall spending is still unlikely to be enough to meet future demand, Continue Reading
This year, international delegates gathered in Katowice, Poland for the thirty-second international climate meeting in 40 years. As they dithered over whether they should “welcome” or “note” the 1.5°C pathways Continue Reading
