The Bakken oilfield in North Dakota, the birthplace of America’s oil boom a decade ago, is struggling to recover from last year’s market crash even as crude prices have surged Continue Reading
U.S. shale production is finally ready to grow again, with output set to climb next year due to increased spending in the Permian The rise in output will be lower Continue Reading
Global oil markets remain very tight and heavily backwardated as demand returns to pre-pandemic levels, the chief executive officer of global trading firm Trafigura said on Tuesday. “We are seeing Continue Reading
The U.S. oil rig count rose this week to 454—a 4-rig increase since last week The number of gas rigs increased by 2 to 102 Drilling activity in the United Continue Reading
Merger and acquisition activity among US oil and gas operators surpassed a seven-year high this month as companies consolidate acreage in prolific southern basins. Not registered? Receive daily email alerts, Continue Reading
The EU and Asia have seen gas prices spike amid strong demand and low inventories That the United States is one of the world’s top producers of natural gas is Continue Reading
Highlights Delek US Holdings sees Permian production activity picking up Permian crude exports seen growing as global demand rises Exports of American Gulf Coast Select crude are falling as high Continue Reading
OPEC+ will be very happy with where oil prices currently are and is unlikely to change its course anytime soon The U.S. does have the ability to increase production, but Continue Reading
U.S. shale drillers have posted strong Q3 earnings as a result of rising crude prices Large shale drillers in the U.S. are slow to increase production, and instead focus on Continue Reading
U.S. energy firms this week added oil and natural gas rigs for a second week in a row as oil prices held near seven-year highs, prompting some drillers to return Continue Reading
