The chief executive of leading Canadian oil producer Suncor Energy Inc. said on Tuesday that his company will increase output even if crude prices weaken further while vowing it will Continue Reading
Production freeze will be re-evaluated after 3-4 months OPEC and U.S. shale may need a relationship counselor. After first ignoring it, later worrying about it and ultimately launching a price Continue Reading
The global oil glut will persist into 2017, limiting any chance of a price rebound in the short term as the surplus takes even longer to clear than previously estimated, Continue Reading
Oil prices are unlikely to significantly rebound for at least a few years, the International Energy Agency projected on Monday, as a top official with the Organization of the Petroleum Continue Reading
Faced with declining prices and a global supply glut, US light tight oil production is expected to fall by 800,000 b/d through 2017, but US shale is poised for another Continue Reading
The world’s fuel producers probably won’t curb enough oil production to realign crude supply and demand until early 2017, with the United States making up the bulk of the decline, Continue Reading
So what do 2,800 or so of the world’s elite energy minds talk about when they gather at Houston’s IHS CERAWeek energy conference? Here’s a taste of what we heard Continue Reading
A senior Opec official on Monday highlighted the likelihood that a reduction in the oil cartel’s production would be filled by an increase in US shale oil output. The comments Continue Reading
Oil and natural gas drillers are reluctant to acquire rivals pummeled by the worst market collapse since the 1980s because of huge debt burdens that would become payable upon takeover, Continue Reading
Oil production in the United States will reach a record high by 2021 as efficiency gains help domestic producers to combat the low prices that are likely to force hefty Continue Reading
