Why U.S. Shale Is Too Important To Fail
It may well be the case that the U.S. shale sector has cut over US$50 billion from its planned spending this year, the number of operating rigs has fallen by Continue Reading
Should U.S. Shale Be Worried About A Chinese Takeover?
American shale is easy prey as Beijing goes bargain-hunting. China could soon embark on a global buying spree following the coronavirus-induced economic crisis and the re-opening of its economy , Continue Reading
US shale oil output decline set to accelerate in June by 197,000 b/d: EIA
Highlights Voluntary producers’ shut-in output accelerates EIA revises May production estimates down 500,000 b/d Houston — Declining US shale oil output is projected to slide further in June by 197,000 Continue Reading
No One Expected Shale Cuts to Happen So Fast
In brokering the end to the global oil-price war last month, the Trump administration assured leaders that America’s shale patch would throttle back production. But few expected that the cuts would Continue Reading
U.S. Shale Cuts Production Deeper And Faster Than Expected
“I think the cuts are automatic if you are a believer in markets,” U.S. President Donald Trump said about potential American oil production cuts in early April while he was Continue Reading
EIA Predicts A Record Drop In U.S. Shale Oil Production
Crude oil production in the seven major US shale basins will fall by a record 197,000 barrels per day next month, the Energy Information Administration reported on Monday. Production in Continue Reading
Shale Output Seen Tumbling to 2018 Low
Oil production from the top seven shale regions in the U.S. is set to tumble to levels not seen since 2018. (Bloomberg) — Oil production from the top seven shale Continue Reading
U.S. Shale Could Crush The Oil Market Recovery
Oil markets have taken a beating around the globe, but nowhere has the pummeling been worse than in the United States shale patch, where the oil price crash plunged the Continue Reading
No One Expected Shale Cuts to Happen So Fast
In brokering the end to the global oil-price war last month, the Trump administration assured leaders that America’s shale patch would throttle back production. But few expected that the cuts would Continue Reading
Rig Count Drops To New Low As Oil Prices Soar
Baker Hughes reported on Friday that the number of oil and gas rigs in the US fell again this week by 35, falling to 339, with the total oil and Continue Reading