The Energy Information Administration tipped markets towards bear territory when it reported that U.S. crude oil inventories had jumped by 4.9 million barrels in the week to October 7. The Continue Reading
When reading this article you must ask yourself are these people goal seeking? They are presenting an argument with a constant and that is the economy and a growth based Continue Reading
Picture taken July 18, 2016. Trading houses’ lending to distressed producers and refiners is booming and cheaper than ever even though many are owed hundreds of millions of dollars after Continue Reading
North Dakota’s oil output fell below the 1 million barrels-per-day (bpd) mark for first time in two years, the state said on Thursday, even as other U.S. operators add rigs Continue Reading
State’s production falls to lowest level since March 2014 Regulator says slowdown to continue through next year North Dakota oil production dropped below one million barrels a day in August Continue Reading
An uptick in oil prices is unlikely to cut short a drilling rally, and DUCs can help maintain the momentum toward market balance. Questions have emerged on whether accelerated drilling Continue Reading
Output from hottest U.S. shale play may blindside gas traders Permian’s lower drilling cost driving drilling rig increase One of the biggest threats to an extended rally in U.S. natural Continue Reading
Despite OPEC’s best efforts, shale boomers are still alive and kicking—at least some of them. More precisely, those that came first, chose the best acreage, and had the farsightedness needed Continue Reading
Tension is brewing in the oil market as the optimism of financial players who have poured cash into crude futures is not shared by physical players who keep cutting sale Continue Reading
While OPEC and other big crude producers work towards a deal to cap production to erode a glut, industry executives are concerned the sharp drop in investment that followed the Continue Reading
