The break-even price for Permian basin tight oil plays is about $61 per barrel (Table 1). That puts Permian plays among the lowest cost significant supply sources in the world. Continue Reading
With short-term supply disruptions easing, U.S. commuters this summer can expect some of the lowest gas prices in more than a decade, AAA said. The motor club reports a national Continue Reading
Oil prices fell in Asian trade after a strong two-day rally that was fed by easing concerns Britain would leave the European Union after a referendum this week, allowing market Continue Reading
Oil halted its advance near $49 a barrel before weekly U.S. government stockpile and production data. Futures slid as much as 0.6 percent in New York, trimming a 6.8 percent Continue Reading
Oil slipped in New York after two days of gains as output in Canada continued to increase following Alberta’s wildfires. Futures fell as much as 0.5 percent in New York Continue Reading
The NYMEX July natural gas futures contract climbed 12.4 cents Monday to settle at $2.747/MMBtu, the highest price since it settled at $2.758/MMBtu on September 14, 2015. The July gas Continue Reading
Rebounding after a two-year collapse, it’s only this month that oil prices have pushed up past $50 a barrel, but Raymond James & Associates says this is just the beginning Continue Reading
The break-even price for Permian basin tight oil plays is about $61 per barrel (Table 1). That puts Permian plays among the lowest cost significant supply sources in the world. Continue Reading
During the next three months, various analysts expect crude oil inventory drawdowns to increase, providing support to crude oil prices. However, post-September, inventory build-up is likely to accelerate, putting a Continue Reading
Two years into the worst oil price rout in a generation, large and mid-sized US independent producers are surviving and eyeing growth again as oil nears $50 a barrel, confounding Continue Reading
