Net production from the Bakken shale reservoir in North Dakota set an all-time high for the company in the fourth quarter, Continental Resources said. Continental is one of the more Continue Reading
Oil futures rose Thursday after US Energy Information Administration data showed an unexpected draw in crude stocks last week, lifting NYMEX April crude $1.09 to $62.77/b. Crude stocks fell 1.616 Continue Reading
U.S. oil production has topped 10 million barrels per day, approaching a record set in 1970, but many investors in the companies driving the shale oil revolution are still waiting Continue Reading
Summary of Weekly Petroleum Data for the Week Ending February 16, 2018 U.S. crude oil refinery inputs averaged about 15.8 million barrels per day during the week ending February 16, Continue Reading
From the mixing of U.S. policies and special interests, to backing away from transparency in oil and gas, it’s been a “very bad year,” a watchdog group said. Transparency International Continue Reading
Oil and gas will account for over half of the world’s energy by 2040, according to BP’s latest Energy Outlook. Oil and gas will account for over half of the Continue Reading
The improved financial condition for explorers is now emboldening rig contractors to push for better pricing. (Bloomberg) — Explorers are once again testing the waters in their search for oil, Continue Reading
In reporting its results for the second half of 2017, Australian mining giant BHP Billiton said it’s expecting initial bids for its U.S. shale assets by June. The company said Continue Reading
Greater product awareness and technological changes could fast track the adoption of electric vehicles (EVs) that could plausibly lead to a peak oil demand before 2030, Fitch Ratings said on Continue Reading
The effect of oil prices on the U.S. economy used to be straightforward: Higher was bad. Yet between 2014 and early 2016, as oil collapsed , growth slowed sharply. Since Continue Reading
