North Dakota rig count testing new bottom
Exploration and production activity in North Dakota continued testing new lows as the rig count dropped 7 percent from last week, state data show. State data show 38 rigs in Continue Reading
Shale fightback seen lifting U.S. oil output to record high by 2021
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
Oil Sands Growth Seen Slowing or Halting After Current Work
The growth engine of Canada’s energy industry is poised to shut off next decade, according to the International Energy Agency. Production gains from the oil sands in northern Alberta will Continue Reading
Top Oil States to Complete Output Talks by March 1, Russia Says
Major oil-producing nations, seeking to curb a flood of supply that’s cut prices almost in half in the past year, agreed to wrap up talks on capping output by the Continue Reading
Commodities
Consultations on a preliminary deal between leading oil producers to freeze output should be concluded by March 1 after a group led by Russia and Saudi Arabia reached a common Continue Reading
U.S. official doubts success of deal to freeze oil output
A senior U.S. energy official said he doubted the success of a proposal by OPEC and non-OPEC producers to freeze crude oil output in an oversupplied market and boost prices. Continue Reading
Nigeria Backs Oil Output Freeze While Giving Iran Way Out
Nigeria backed Saudi Arabia and Russia in freezing oil production while giving Iran and Iraq a way out to regain some of their lost market share due to sanctions and Continue Reading
Energy Meeting Convenes Under Cloud
Saudi oil minister Ali al-Naimi will join top North American and European drillers in Houston this week to debate how long the oil bust could last and how geopolitics are Continue Reading
Texas Oil Production Still on a Plateau
The Texas RRC Oil and Gas Production Data is out. There appeared to be no decline in December production and may have even been a slight increase. The Texas RRC Continue Reading
As U.S. shale sinks, pipeline fight sends woes downstream
Within weeks, two low-profile legal disputes may determine whether an unprecedented wave of bankruptcies expected to hit U.S. oil and gas producers this year will imperil the $500 billion pipeline Continue Reading