Texas Set For Another Oil Boom
Texas is set for another oil boom, with production this year expected to hit a record high. That’s according to Karr Ingham, the oil economist who created the Texas Petro Continue Reading
A new analysis says global demand for oil will peak by 2030
The global demand for crude oil will peak in 2030 as electric vehicles continue to chip away at the market for gasoline-powered cars and trucks. So say analysts with Bank Continue Reading
The Reported Death of Peak Oil Has Been Greatly Exaggerated
From Dec 2016 to Dec 2017 US Tight oil output has increased by 975 kb/d based on US tight oil output data from the EIA. For the entire US we Continue Reading
Saudi Oil Minister Tired Of Shale Hype
“Leave us alone and leave all these issues. We had enough of shale oil and talks of shale. Please talk about anything else,” Saudi oil minister Khalid al-Falih said in Continue Reading
Oil and gas survey reveals fear of oversupply
Most U.S. oil and gas companies plan to at least keep performance stable this year, but a survey reveals concerns of an oversupplied market. File photo by Gary C. Caskey/UPI Continue Reading
More oil and gas firms expect to hike capital spending in 2018: survey
More global oil and gas firms expect to increase capital spending this year as confidence picks up after crude prices climbed above $70 a barrel in January for the first Continue Reading
OPEC Moves Another Crucial Oil Market Metric
The OPEC agreement is starting to move the needle on one stubborn metric that had remained depressed since the market downturn began more than three years ago: investment in new Continue Reading
Oilfield Services Bounce Back On Oil Rally
The oilfield services industry was hit hard by the 2014 oil price crash after exploration and production companies reduced investments and drilling during the downturn. The ripple effect on the Continue Reading
Oil Markets Relieved After EIA Reports Crude Inventory Draw
A day after the American Petroleum Institute surprised the market with a substantial inventory build, the Energy Information Administration dispelled doubts about the balance between supply and demand by reporting Continue Reading
Big Oil Flush With Cash Again, But No Party Yet
The world’s top oil companies are expected to generate more cash in 2018 than at any other time this decade, but it isn’t party time yet. LONDON, Jan 24 (Reuters) Continue Reading