Shale drillers brought back the most oil rigs of any week this year as confidence in a stabilized market is prompting talk of expansion throughout 2016. Rigs targeting crude in Continue Reading
Climate scientists and others have in the past few years issued a steady stream of analyses showing that without immediate remedial actions, a disastrous future is headed our way. But Continue Reading
The global oil market should see supply and demand in balance by 2017 though it will remain structurally well-supplied for the next couple of years, U.S. Energy Secretary Ernest Moniz Continue Reading
Rebalancing the oil market could take slightly longer as a result of the upsurge in uncertainty following Britain’s vote to leave the EU but most traders seem to think it Continue Reading
An annual review of the budget for oil-rich Alberta found total revenue came in lower than budgeted, though the provincial finance minister was upbeat. The decline in crude oil prices Continue Reading
Since the beginning of the U.S. fracking revolution, oil producers have struggled with a vexing problem: after an initial burst, crude output from new shale wells falls much faster than Continue Reading
The “energy cliff” is a central concept in ecological economics, and it’s based on a very simple ratio. But for me this principle was a slippery thing to grasp, and Continue Reading
The US Gulf Coast crude market saw regional sour grades strengthen Wednesday after reports of shuttered production at the BP-operated Thunder Horse platform in the US Gulf of Mexico. Crude Continue Reading
Share About nine months ago, analysts at Petrologica began questioning the oil production data coming out of North Dakota. Faced with low prices, spending cuts and a rapidly falling rig Continue Reading
North Dakota gained two rigs from last week as stability in the crude oil market brought some players back to shale, state data for Monday show. State data show 30 Continue Reading
