Since its creation more than 40 years ago, the International Energy Agency has side-stepped predictions of OPEC crude production, acutely aware that the producer group’s output quotas made the job Continue Reading
A report by Rystad Energy has revealed that new oil discoveries in 2015 totaled 12.1 billion barrels, which is the least amount of new oil discovered in a single year Continue Reading
Pipeline Rigs U.S. shale oil companies are filing for bankruptcy at an alarming rate, whereas, their counterparts in Argentina are having a gala time. When the U.S. shale oil drillers Continue Reading
Dean has provided me with his latest update for Texas Oil and Natural Gas production. Texas C+C output has increased slightly over the first 3 months of 2016. Texas C+C Continue Reading
Bakken Pipeline One of the key factors in the survival of the Bakken oil patch in the future will be affordable transportation options. Bakken producers receive lower realized prices for Continue Reading
The wildfire that has ravaged northern Alberta and cut Canadian crude output by 25 percent is set to crimp corporate earnings beyond the oil patch, especially hitting the rail and Continue Reading
Shale oil tower The energy sector was certainly a bargain in January, but no one really knows where oil will be around Christmas. While we may have already seen the Continue Reading
With wildfires in Canada making their way east, provincial authorities in Alberta said the oil-rich parts of the region are cleared for operations. Alberta’s government said wildfires that erupted in Continue Reading
According to Bernstein Research , peak oil – when oil usage is expected to begin falling globally – could arrive as soon as 2030. While this may seem unlikely with Continue Reading
Oil discoveries have fallen to a six-decade low as explorers cut billions of dollars of spending to ride out the biggest market slump in a generation. About 12.1 billion barrels Continue Reading
