Crude oil markets are coming back into “better balance” as supplies are cut back in response to lower prices, Chevron Chief Executive Officer and Chairman John Watson said Tuesday. The Continue Reading
U.S. shale oil production is expected to fall by a record amount in May in the seventh straight month of declines, a U.S. government forecast showed on Monday, as fallout Continue Reading
New-well oil production per rig barrels/day New-well gas production per rig thousand cubic feet/day Region April 2016 May 2016 change April 2016 May 2016 change Bakken 757 767 10 957 Continue Reading
Saying it’s a danger to the air and water supply, Vermont Sen. Bernie Sanders upped his rhetoric on hydraulic fracturing Monday by calling for a nationwide ban on fracking. In Continue Reading
J.P. Morgan Chase Chairman and CEO James Dimon in February called the unfunded loans are… The $147 billion question for banks: Will energy companies max out their credit lines? When Continue Reading
Share Demand for storage is reaching a fever pitch with tank capacity and utilization at all-time highs, but the storage market is volatile and at the same time could be Continue Reading
Nearly two years into an epic oil rout, U.S. shale drillers that have upended global energy markets are finally feeling a credit squeeze as banks make their biggest cuts yet Continue Reading
The U.S. oil industry handed out 23,200 pink slips in the first three months of the year as companies began cutting their once-flush spending budgets deeper than in the ferocious Continue Reading
Since the possible double bottom at $26 formed on February 11th the oil price has staged a rally to $40 (WTI). Traders lucky enough to buy at $26 and sell Continue Reading
Three of the world’s largest energy companies had their credit ratings lowered by Moody’s Investors Service on the expectation that oil prices will stay low for longer and cause leverage Continue Reading
