Peak Oil Demand in 10 Years?
Venezuela is sliding closer and closer toward the brink, and things look as if they’ll get worse, unfortunately, before they improve. A country that boasts the largest proven oilfield in Continue Reading
Investors Eager to Hear Shale Companies’ Plans for Rest of 2017
Some American oil producers may be pumping the brakes on new drilling, but as the leading shale players get set to report earnings this week, investors will be watching closely Continue Reading
U.S. Shale Is Determined Not To Kill This Rally
Oil prices moved closer to a two-month high on Friday, closing out the week with some of the strongest gains in 2017. Market sentiment has turned “cautiously optimistic,” as Goldman Continue Reading
U.S. Shale Slashes Capex As Low Oil Prices Bite
Seven months into the OPEC production cut deal, oil prices are not higher than they were at the end of last year, as the stubborn global inventory overhang and rising Continue Reading
U.S. Shale Has Set An Example For Oil Majors
It took the oil supermajors quite a while to come to terms with the new oil price realities. The blow from the 2014 price crash was so severe and apparently Continue Reading
Canadian heavy oil plugs gap left by OPEC, Latam
Canada’s struggling oil market has found something of a lifeline as traders scramble for heavy crude due to OPEC production cuts and sinking Latin American output. Output has fallen in Continue Reading
Goldman Sachs: Oil Market To Rebalance By Early 2018
Recent data show that the rebalancing of the oil market is speeding up and if the drawdown trends are sustained, stockpiles will normalize by early 2018, Goldman Sachs said on Continue Reading
API: Total US petroleum deliveries reach 10-year peak in June
Total US petroleum deliveries reached an average of more than 20.3 million b/d in June—their highest level for the month since 2007 and a 2.6% increase from June 2016, the Continue Reading
Next year U.S. oil production will exceed its 1970 peak
Crude oil production in the U.S. will reach an average of 9.9 million barrels a day in 2018, the Energy Information Administration projects in its latest Short-Term Energy Outlook report. Continue Reading
Drilling set to begin in British shale
With its drilling rig on site, a British shale gas explorer said it expects to address offshore production declines with onshore operations by year’s end. Cuadrilla Resources said the drilling Continue Reading