US crude output set to rocket, says IEA
Growth in US oil output until 2025 will be the strongest seen by any country in the history of crude markets, making it the “undisputed” leader among global producers, the Continue Reading
Don’t Back U.S. Shale To Keep Oil Prices Down
WTI is back in the upper-$50s per barrel, and OPEC is on the verge of extending its production limits well into next year. The fear for OPEC, and other oil Continue Reading
Shale Production Rises By 80,000 BPD In Latest EIA Forecasts
Shale production at American oil production sites will increase by 80,000 barrels per day next month, according to estimates from the Energy Information Administration. So far, every month in 2017 Continue Reading
Russian oil company eying Gulf of Mexico opportunities
Russian oil producer Lukoil said it may be setting up a partnership to work in the Mexican waters of the Gulf of Mexico. File photo by A.J. Sisco/UPI Nov. 13 Continue Reading
6 Factors Will Hasten Or Defer Peak Oil Demand
We haven’t reached peak oil consumption globally, also known as peak demand. We are likely to reach it globally by 2050, but it’s unlikely to occur before 2030 at the Continue Reading
The Oil Rig Drilling 10 Miles Under The Sea
Final sea trials for the Blue Whale II underwater drilling rig are now underway , according to the technology’s producer, CIMC Raffles, marking a new milestone drilling rig developments. The Continue Reading
Is Peak Permian Only 3 Years Away?
The world’s hottest shale basin, the Permian, is leading the second U.S. wave of tight oil production growth and will continue to do so for years to come, all analysts Continue Reading
“End Of Oil” Narratives Are Misleading
Over the next few decades we’ll be plugging in more cars, hailing and sharing them, and reminiscing about the good ol’ days of the steering wheel. To be sure, these Continue Reading
Peak oil: What happens when the drilling is done?
A seismic shift It seems like we’ve been talking about “peak oil” for a long time, but the meaning has shifted radically in the last few years. Historically the phrase Continue Reading
Sinking feeling: Asian floating oil storage declines as crude market tightens
The amount of oil stored on tankers around Singapore has dropped sharply in the last months, the latest indication that OPEC-led supply cuts are successfully tightening crude markets even as Continue Reading