U.S. Shale On Track For One Of Its Best Years Ever
After seven consecutive weeks of gains, oil prices have gone into reverse gear once again, thanks mainly to the latest OPEC+ spat that left everyone wondering what to expect next. Continue Reading
US gasoline stocks move sharply lower as demand hits all-time high
Gasoline stocks fall 6.08 million barrels Implied demand hits 10.04 million b/d Crude stocks draw 6.87 million barrels US gasoline stocks moved sharply lower in the week ended July 2 Continue Reading
Opec ‘gets a pass to lift oil prices’ as hedging losses hobble US shale
Some of America’s biggest oil groups are racking up tens of billions of dollars in hedging losses despite soaring crude prices, as contracts signed during last year’s crash left them Continue Reading
U.S. 2021 crude output to decline less than previously forecast, EIA says
U.S. crude oil production is expected to fall by 210,000 barrels per day (bpd) in 2021 to 11.10 million bpd, the U.S. Energy Information Administration (EIA) said on Wednesday, a Continue Reading
U.S. Projects Modest Oil Output Increase in 2021 Despite High Prices
BofA’s Yazhari on Tight Oil Market, Spike in Prices The U.S. sees limited domestic oil production growth through next year despite rising oil prices and rebounding demand. Oil explorers will Continue Reading
Short-Term Energy Outlook
Forecast Highlights Global liquid fuels The July Short-Term Energy Outlook (STEO) remains subject to heightened levels of uncertainty related to the ongoing economic recovery from the COVID-19 pandemic. U.S. economic activity continues Continue Reading
U.S. Shale Races To Hedge Production Amid OPEC+ Uncertainty
U.S. shale producers started boosting this week hedges to lock in the price of oil they plan to pump in the coming months, after the OPEC+ drama left the market Continue Reading
US oil production to start picking up in Q4 if higher prices hold: US EIA
EIA boosts price outlooks by $4/b for 2021, $6/b for 2022 Global oil demand growth to ease to 3.7 mil b/d in 2022 Vaccine rollouts, OPEC+ fight present risks to Continue Reading
Is There Still Hope For Argentina’s Struggling Shale Patch?
Argentina is working to boost its oil production as well as investing in shale as the Latin American oil and gas giant continues to focus on traditional energy. June ended Continue Reading
U.S. shale firms hesitate to pump – or hedge – more, despite oil high prices
OPEC’s sudden disarray would seem to be an opportunity for U.S. shale producers to lock in profits, with oil prices near multi-year-highs, but sources at those companies say they are Continue Reading