Oil prices rose on Friday, with U.S. crude touching a two-year high, strengthening after U.S. rig data suggested drilling in the United States would throttle back. The latest rig data Continue Reading
U.S. shale producers are telling investors impatient for better returns that they can keep boosting oil output aggressively and do so while still making money for shareholders. Investors have pushed Continue Reading
Last week we discussed how flows from Saudi Arabia into the U.S. were about to be surpassed by Iraq for the first time since 1985 (teeing up Back to the Future / Continue Reading
While higher than last year, a survey of U.S. exploration and production activity in October suggests the sector may go into hibernation during the winter. The analytics division of commodity Continue Reading
U.S. shale player Sanchez Energy said that it expects to cut spending next year, after reporting a record-setting rate of production in the third quarter. “As 2017 draws to a Continue Reading
The history of crude oil and natural gas is a history of technological innovation. Until recently the innovation supported crude oil and natural gas. Now, it challenges it, causing structural Continue Reading
Big energy companies with deep pockets could carve out a durable U.S. position on the global energy market with offshore production, analysis found. The U.S. Energy Information Administration reported total Continue Reading
Early in October, OPEC’s chief, Mohammed Barkindo, appeared to be unfazed by growing U.S. crude oil shipments to OPEC’s key market, Asia. The official said he expected OPEC exports bound Continue Reading
In September and October 2017, the difference between domestic and foreign crude oil prices has risen to the highest level since 2015. In the past, price differences between West Texas Continue Reading
Most people are at least somewhat aware that the U.S. shale oil boom has resulted in lower fuel prices at the pump. But they are probably less familiar with the Continue Reading
