U.S. Shale Just Triggered A Chemical Industry Renaissance
The shale revolution in the U.S. has led to a boom in domestic natural gas production, to the point that America is expected to become a net exporter of natural Continue Reading
Brace for a devastating oil shock ahead
If Independence Day were about feting the U.S. weaning itself from foreign oil and forging a renewables future, the man behind our call of the day probably wouldn’t be sounding Continue Reading
U.S. oil drillers cut rigs for first week since January: Baker Hughes
U.S. oil drillers cut rigs this week for the first time since January and the pace of additions slowed this quarter due to declines in crude prices despite an OPEC-led Continue Reading
U.S. Rig Count Reverses After 23-Week Streak
The number of active oil and gas rigs in the United States fell by a single rig this week, and thus concludes the US shale patch’s impressive run of 23 Continue Reading
Kemp: US Shale Producers Are Drilling Themselves into a Hole
U.S. shale firms are drilling themselves into a deep hole despite warnings from industry leaders about the risk of flooding the market with too much crude. Drilling and production are Continue Reading
‘You Wouldn’t Do It’: BHP Chair Regrets $20 Billion on Shale
BHP Billiton Ltd. Chairman Jacques Nasser said the timing of its $20 billion spree into U.S. shale in 2011 was a misstep and that if the miner could turn the Continue Reading
Will Central Banks Derail The Shale Boom?
The U.S. Federal Reserve has already increased interest rates several times, most recently in June, with promises to do much more. Rate hikes pose a problem for the oil industry, Continue Reading
Oil Rises as U.S. Gasoline Supply Increase Eases Glut Worries
Crude stockpiles rose by 117,999 barrels last week: EIA Gasoline inventories saw another decline amid supply concerns Crude oil prices gained as government data showed a drop in U.S. gasoline Continue Reading
Analysis: No OPEC solace in tight medium sour crude oil market, as light sweet glut weighs
Saudi Arabia’s energy minister Khalid al-Falih, as well as his predecessor Ali al-Naimi, has long maintained — in the face of criticism and even ridicule in some corners — that Continue Reading
The “Peak Oil” Pig Returns With A New Shade Of Lipstick
Proponents of a new strain of the always-tiresome, never-correct “Peak Oil” theory have returned to the public discourse , this time with a new theory coming from the other side Continue Reading