Since the oil crisis of the 1970s, America has relentlessly pursued the utopia of energy independence. Now, nearly 50 years later, it seems America has finally accomplished that dream. Energy Continue Reading
The Oklahoma City home of Devon Energy, which has raised its dividend to a record level. America’s largest frackers are reporting huge profits but plan to keep oil production in Continue Reading
America’s largest frackers are reporting huge profits but plan to keep oil production in low gear this year, adhering to an agreement with Wall Street, even as prices approach the $100-a-barrel Continue Reading
As oil prices have risen, observers that expected to see U.S. shale growth explode have been bitterly disappointed. According to executives at some of the biggest public shale firms, oil Continue Reading
Higher net crude oil imports are set to make the United States a net petroleum importer this year again, as in 2021, after a historic shift of being a net Continue Reading
The number of active oil and gas rigs in the United States climbed for a 17 th straight week, with both natural gas and oil rigs increasing. The number of Continue Reading
Global supplies of diesel are dwindling as refiners struggle to keep pace with rapid post-pandemic demand recovery, exacerbating an acute global energy shortage which has already sent the prices of Continue Reading
Forecast Highlights Global liquid fuels The February Short-Term Energy Outlook (STEO) assumes U.S. GDP grew by 5.7% in 2021 and will grow by 4.2% in 2022 and by 2.8% in 2023. We Continue Reading
The U.S. shale patch is experiencing its best-ever economics this year thanks to a combination of disciplined spending and high oil prices. The Permian basin is still leading U.S. shale Continue Reading
Earlier this month, the Energy Information Administration reported that oil output in the Permian shale play had hit a record, and it was going to continue growing. And now, the Continue Reading
