Are Oil Markets Immune To U.S. Shale?
Oil prices pulled back slightly following the release of the Baker Hughes rig count report, but geopolitical risk still remains, and with the assumption that OPEC will extend its production Continue Reading
OPEC’s War Against Shale Is Far From Over
Despite the recent market rally and current bullish streak in oil prices, the years-long competition for market share between OPEC and U.S. shale producers shows no sign of abating, and Continue Reading
Oil Drillers Reopen The Fracking Debate
The fracking debate reached its zenith a few years ago, with the industry largely winning the war over environmentalists. Since then, tens of thousands of wells have been drilled across Continue Reading
More shale oil production expected, Continental Resources says
Though constrained somewhat by hurricanes, U.S. shale oil producer Continental Resources said production should finish out the year on a high note. Full production during the third quarter for Continental Continue Reading
Bakken Oil Production Rises As Oil Prices Jump
Crude oil production in the Bakken shale in North Dakota has been experiencing some major challenges lately, but it is firmly on the growth path, said the state’s Department of Continue Reading
OPEC Now Says U.S. Shale Will Grow Even Faster Than They Previously Thought
Group raises forecast for shale oil output in annual report Shale producers show ‘resilience and ability to bounce back’ OPEC said shale oil production will grow considerably faster than expected Continue Reading
Bakken oil production to climb, but Permian, OPEC pose risk
The path of production in the Bakken Shale formation over the past year has been dramatically pressured by everything from the OPEC supply cut agreement to delays in building the Continue Reading
Chevron Canada Okays Duvernay Development
‘The Duvernay formation is one of the most prospective liquids-rich shale plays in North American,’ Chevron Canada President Jeff Gustavson. Following a three-year appraisal program, Chevron Canada Limited has decided Continue Reading
WTI Soars As U.S. Oil Rigs See Biggest Decline Of The Year
Baker Hughes has reported that the number of oil and gas rigs in the United States fell for yet another week, this time dipping 11 rigs —most of which was Continue Reading
U.S. crude touches two-year high after rig count drops
Oil prices rose on Friday, with U.S. crude touching a two-year high, strengthening after U.S. rig data suggested drilling in the United States would throttle back. The latest rig data Continue Reading