Despite multilateral efforts to balance the oil market with managed production cuts, the situation in general still favors the supply side, the IEA said. The Organization of Petroleum Exporting Countries Continue Reading
A subsidiary of Chevron terminated a contract for a rig working in deep U.S. waters in the Gulf of Mexico nearly a year early, Transocean announced. “A subsidiary of Chevron Continue Reading
Dr. Kent Moors is an internationally recognized expert in oil and natural gas policy, risk management, emerging market economic development, and market risk assessment. His… But there’s a certain court Continue Reading
Rising U.S. shale output has led to increased amounts of the water that inadvertently flows out of wells together with oil. For now, drillers use trucks to transport this dirty Continue Reading
Any financial advisor worth their salt will caution you that past performance is not a guarantee of the same in the future. And so it is with US shale oil. Continue Reading
The world’s hottest oil field could run out of steam in just a few years if shale drillers can’t overcome the natural constraints of the region’s geology, a new study Continue Reading
‘Just flat wrong,’ and unfairly limiting oil prices, he says Cites new driller discipline seeking return on investments Billionaire oilman Harold Hamm says the government was way too optimistic with Continue Reading
Amid restarting refineries along the Gulf Coast and growing optimism about strengthening demand, the EIA dampened spirits somewhat by reporting a substantial increase in crude oil inventories for the week Continue Reading
The Energy Information Administration is overestimating U.S. crude oil production, Continental Resource’s chief executive Harold Hamm said today in an interview with Fox Business. Hamm was notably the only shale Continue Reading
Despite devastating weather that sent energy market participants into a frenzy, the average of the 12-month forward curve for WTI remained flat month on month at $50.43/b. However, internal rates Continue Reading
