As oil prices recover and U.S. shale production picks up, energy companies that had planned to ship crude on the Dakota Access Pipeline will turn to rail, a transport method Continue Reading
Heading into the New Year with oil prices above US$50, both OPEC and the U.S. shale industry are claiming victory in the latest oil war battle—and both expect to benefit Continue Reading
If OPEC action drives crude oil averages to $55 per barrel and beyond, the oil and gas industry will be cash flow positive for the first time since the downturn Continue Reading
Recovery in oil prices following an OPEC agreement to trim production should help stimulate oil activity in shale plays in the United States, analysis finds. Crude oil prices ended November Continue Reading
U.S. energy companies this week added oil rigs for a seventh week in a row, extending a seven-month drilling recovery as crude prices held near a 17-month high. Drillers added Continue Reading
The number of rigs drilling for oil in the U.S. rose by 12 in the past week to a total of 510, according to oil-field services company Baker Hughes Inc. Continue Reading
A two-year battle for global oil supremacy that pit Saudi Arabia, head of the powerful oil cartel, against upstart U.S. shale producers left them both badly wounded but with each Continue Reading
How is it that Canada could be dependent on U.S. oil production? As of 2015, 36 percent of total US crude imports come from Canada. As Canada continues to exports Continue Reading
The OPEC deal to curtail oil output and help drawn down record global oversupply may turn out to be positive for the cartel’s over-reliant-on-oil economies in so much as it Continue Reading
Fracking can affect drinking water supplies in certain circumstances, the Obama administration said in a long-awaited report issued Tuesday, leaving open the possibility of more widespread impacts that it says Continue Reading
