Our Latest Oil Predicament
It is impossible to tell the whole oil story, but perhaps I can offer a few insights regarding where we are today. [1] We already seem to be back to Continue Reading
Oil development costs lower, but volume is still a question
The Lower 48 isn’t the only area where development costs are moving lower, but the mentality of the industry may be changing on production, analysis found. By next year, total Continue Reading
How Will OPEC React To Soaring Shale Production?
In its March Oil Market Report , OPEC revised up its forecast of non-OPEC supply for 2018 by 280,000 bpd, a major revision. That equates to year-on-year growth of 1.66 Continue Reading
EIA Stuns Oil Market With Huge Inventory Build
After plunging oil bulls into deeper gloom by forecasting a 131,000-bpd jump in shale oil production next month, the Energy Information Administration reported a 5-million-barrel increase in crude oil inventories Continue Reading
The Shale Boom: 100 Million Years In The Making
The great oil and gas formations that U.S. shale drillers thrive on have reportedly been traced back to volcanic eruptions from the time of the dinosaurs, over 100 million years Continue Reading
Uncertainty Grips Oil Markets Ahead Of EIA Report
Conventional oil production still accounts for the vast majority of output around the world. – But going forward, new supply will increasingly come from tight oil (shale), oil sands and Continue Reading
Increased Oil Hedging Hints At Permian Production Boom
Oil hedges have become popular amongst U.S. shale drillers, who have used the financial trick to lock-in higher prices for their raw goods as barrel prices edge higher. The prices Continue Reading
Will US shale give the refining industry indigestion?
In the oil market, not all barrels are created equal. By the end of this year, the US oil industry will be pumping 11m barrels a day of crude, the Continue Reading
The World Oil Supply is Infinite: I Know That Because I Believe It
Earth scientists have been making the case for years that the present level of human activity is not sustainable. We’re rapidly depleting resources, degrading ecosystems, altering the atmosphere, etc. What Continue Reading
U.S. states slow Trump offshore oil drilling expansion plan
The Trump administration’s plan to broadly expand drilling in U.S. offshore waters is moving slowly due to opposition from coastal states and indifference from oil companies that have turned their Continue Reading