Most people probably aren’t familiar with the acronym ZIRP. It stands for zero interest rate policy and is the policy that unintentionally created the American fracking bubble — just one Continue Reading
I have updated my scenarios for US LTO output, based on both EIA tight oil output data and average well profile data from Enno Peters’ shaleprofile.com. I have also created Continue Reading
WTI Crude prices have recently surged to their highest level in three and a half years—just above $70 a barrel . In theory, that’s higher than the average breakeven costs Continue Reading
BP Chief Executive Bob Dudley expects a flood of U.S. shale and the reopening of OPEC taps to cool the oil market after crude rose above $80 a barrel this Continue Reading
The U.S. oil rig count held steady this week after rising for six weeks in a row even as crude prices soar to multi-year highs, prompting drillers to extract record Continue Reading
April saw the US produce a record 10,543,000 barrels per day (MBD) of oil, according to data from the American Petroleum Institute. The first four months of this year also Continue Reading
American shale drillers are still spending more money than they are making, even as oil prices rise. Of the top 20 U.S. oil companies that focus mostly on fracking, only Continue Reading
Shale oil production in the United States will rise by a record-breaking 144,000 bpd from May to June, hitting 7.178 million bpd, the Energy Information administration estimated in its latest Continue Reading
U.S. crude oil production, topped 10.057 million barrels per day (bpd) in November 2017, shattering a 47-years old record. U.S. crude oil production, led by record output in Texas and Continue Reading
Energy stocks have struggled to break out over the past year, although oil prices have been rising. Only recently, in the past month, the S&P 500 energy sector started to Continue Reading
