Short-Term Energy Outlook
Global liquid fuels Brent crude oil spot prices averaged $64 per barrel (b) in February, up $5/b from January 2019 and about $1/b lower than at the same time last Continue Reading
Marathon Oil Opts for Overlooked Acreage Outside of Permian
The explorer is opting to snap up cheap acreage in overlooked areas like the Louisiana Austin Chalk. (Bloomberg) — Marathon Oil Corp. is mirroring private equity as it looks for Continue Reading
U.S. Supermajors Could Form A New Oil Cartel
The ambitious shale growth plans of the U.S. supermajors could in the future allow them to control so much of U.S. shale oil production that they could also control the Continue Reading
IEA sees U.S. leading global oil supply growth to 2024
The United States will drive global oil supply growth over the next five years, adding another 4 million barrels per day to the country’s already booming output, the International Energy Continue Reading
U.S. oil output could be less volatile as majors boost shale share: IEA
U.S. oil production could become less responsive to crude prices as major oil companies expand operations in the nation’s shale fields, now dominated by smaller producers, International Energy Agency officials Continue Reading
Analysts: Permian Oil Output Set To Double By 2023
Less than a year ago, IHS Markit predicted that “stunning” growth in the Permian would result in the basin doubling its oil production to 5.4 million bpd between 2017 and Continue Reading
Second Wave of U.S. Shale Revolution Is Coming, Says IEA
The U.S. is on track to become a net petroleum exporter by 2021 and will soon after surpassing Russia and rival Saudi Arabia, currently the world’s largest oil exporter, the Continue Reading
CERAWEEK: Growing role of oil majors in shale to blunt impact of price volatility: IEA
US shale oil growth has almost entirely been driven by smaller, independent producers, but major oil companies are accounting for a growing percentage of shale output, a trend the International Continue Reading
Shell on the Prowl for Permian Deals
Royal Dutch Shell Plc is on the hunt for deals to bulk up its position in the Permian Basin, where it lags rivals Exxon Mobil Corp. and Chevron Corp. “We Continue Reading
Uber, Lyft and oil frackers: Tech mirages, not real businesses
Ultimately, businesses must make money for their investors or those businesses are shut down. It’s true that some businesses “make” money by laundering it for people engaged in criminal enterprises. Continue Reading