Higher Oil Prices Reduce North American Oil Bankruptcies
Haynes and Boone. This year, only 20 companies on the continent have declared bankruptcy—there were three times more than that last year. So far, the oil price crash of 2014 Continue Reading
Oil giants unlikely to share coal’s fate, for now
The Norwegian sovereign wealth fund’s proposal to ditch its oil and gas shares, though hugely symbolic in the battle against climate change, is unlikely to cause a rush to the Continue Reading
Saudi energy minister: market to remain oversupplied by March 2018
The world will still have a surplus of oil by end-March next year, Saudi Arabia’s energy minister said on Thursday, signaling a willingness to extend output cuts when OPEC meets Continue Reading
The IEA Is Grossly Overestimating Shale Growth
This week, the IEA said that U.S. shale would dominate the oil and gas markets over the next decade, rising to “a level 50 percent higher than any other country Continue Reading
The Undisputed Leader Of Tomorrow’s Oil & Gas Markets
The United States will become the undisputed leader of global oil and gas production in the longer term, Fatih Birol, the Executive Director of the International Energy Agency (IEA), said Continue Reading
Oil Tycoon Hamm Slams EIA’s Overoptimistic Shale Forecasts
As a powerful oil market mover, the EIA needs to have “more sophisticated” forecasts about U.S. shale production, because overly optimistic expectations depress oil prices and disadvantages the U.S. market, Continue Reading
U.S. to account for most world oil output growth over 10 years: IEA
The United States is expected to account for more than 80 percent of global oil production growth in the next 10 years and it will produce 30 percent more gas Continue Reading
Shale-rich Oklahoma facing uphill budget battle
Oklahoma Gov. Mary Fallin said she’d rather vote again on a previous plan to close a budget gap over what passed out of the state House for the shale-rich state. Continue Reading
New oil expected from North Sea by December
New oil production is on pace to start in December from a floating production facility off the east coast of Scotland, Premiere Oil said Thursday. “In the United Kingdom, the Continue Reading
U.S. crude, gasoline stocks build unexpectedly as output rises: EIA
U.S. crude oil and gasoline inventories grew unexpectedly last week as crude production and refining output rose, the Energy Information Administration said on Wednesday. Crude inventories rose for a second Continue Reading