Oil-price gains will trigger a “significant” increase in U.S. shale output as OPEC and other producers rein in supply, according to the head of the International Energy Agency. “U.S. shale-oil Continue Reading
U.S. shale production is set to snap a three-month decline in February, the U.S. government said on Tuesday, as energy firms boost drilling activity with crude prices hovering near 18-month Continue Reading
U.S. petroleum producers are looking forward to better times in 2017 as the industry has passed the low-point in the cycle and embarked on the road to renewed expansion. Domestic Continue Reading
Exxon Mobil Corp. said Tuesday that it was buying land in the much sought after Permian Basin region from the Bass family for $5.6 billion in stock and up to Continue Reading
ExxonMobil has placed a big bet on US shale oil, agreeing a deal worth up to $6.6bn to buy companies with drilling rights on about 250,000 acres in the Permian Continue Reading
Noble Energy Inc. agreed to buy Clayton Williams Energy for $2.7 billion in stock and cash to expand in America’s hottest shale play. The combination will create the second-largest acreage Continue Reading
U.S. shale drillers that proved resilient during the oil downturn face a new test in 2017: Can they make money producing more now that prices have stabilized? The price of Continue Reading
OPEC and its friends have just received some uncomfortable reading. The latest forecasts from the U.S. Energy Information Administration suggest that their agreements to boost prices and hasten the rebalancing Continue Reading
U.S. shale is getting in the way of a New Year’s resolution by OPEC to cut production and boost the market. Producers and merchants increased their bets on lower West Continue Reading
Oil prices have been showing signs of weakness in recent days as concerns over excess supply are starting to crop up once again, potentially slamming the breaks on an almost Continue Reading
