The fracking of hard-to-reach oil reserves has helped the US regain its crown as the world’s top crude oil producer. But even the International Energy Agency (IEA) is now worried Continue Reading
If OPEC thought the 26 percent drop in oil prices since October might rein in U.S. shale production like the last sharp drop did four years ago, it might have Continue Reading
Summary of Weekly Petroleum Data for the week ending November 9, 2018 U.S. crude oil refinery inputs averaged 16.4 million barrels per day during the week ending November 9, 2018, Continue Reading
Growing demand for oil will lead to a shortage and high prices in 2020s Energy demand in India is set to double Milind Ketkar We need to slash greenhouse emissions Continue Reading
Oil production is growing so quickly in the Bakken that the region is starting to suffer from painful pipeline constraints. U.S. shale is not new to pipeline bottlenecks. The Permian Continue Reading
Global oil supply will outpace demand throughout 2019, as a relentless rise in output swamps growth in consumption that is at risk from a slowing economy, the International Energy Agency Continue Reading
Big Oil is today in a spending sweet spot as years of cost cuts and rising oil prices converge but investments will need to rise after 2020 to boost output, Continue Reading
Global oil demand will peak by 2040, according to a new report, although oil supply shortages could emerge before then. The International Energy Agency (IEA) published its highly-anticipated World Energy Continue Reading
Oil stocks in the OECD countries are likely to have moved above the five-year average in October and could rise by 700,000 b/d in the fourth quarter, largely on the Continue Reading
U.S. crude oil output from seven major shale basins was expected to hit a record of 7.94 million barrels per day (bpd) in December, according to a monthly government forecast Continue Reading
