The growth in U.S. shale oil production is threatening to create bottlenecks in refineries, new research from Wood Mackenzie has revealed . The research suggests the United States needs new Continue Reading
The U.S. will overtake Russia to become the world’s largest oil producer by 2023, accounting for most of the global growth in petroleum supplies, a top industry monitor said Monday. Continue Reading
Much of the media coverage of the American energy industry implies that America has become a vast and growing exporter of energy to the rest of the world and that Continue Reading
The U.S. will overtake Russia to become the world’s largest oil producer by 2023, accounting for most of the global growth in petroleum supplies, a top industry monitor said Monday. Continue Reading
Last week, my day job took me to the Permian Basin. A colleague and I arrived late at night at our hotel in Fort Stockton, Texas. The hotel parking lot was full. The Continue Reading
Between 2010 and 2015, annual oil production in the U.S. grew by four million barrels per day (BPD). Production dipped in 2016, but then U.S. crude oil production again rose Continue Reading
The Permian Basin is now the world’s swing oil producer, with a lag. WTI is $63/bbl, down from its January high near $67/bbl. Brent is selling near $67/bbl, with a Continue Reading
US oil explorers raised the rig count to 800 for the first time in almost three years. (Bloomberg) — U.S. oil explorers raised the rig count to 800 for the Continue Reading
Oil and gas is a trillion dollar industry, and every actor within it, be it national oil companies, multinationals, independents or oilfield services companies, has a stake in oil and Continue Reading
American crude production rose to record in November U.S. petroleum exports soared to fresh highs in 2017 America’s role in the global oil market was flipped on its head in Continue Reading
