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IEA Sees Oil Demand Growth Defying Slowing Economy
Friday, January 18, 2019 Global oil demand remains on course to be stronger this year than in 2018 as a boost from lower fuel prices counters slowing economic activity, according to the IEA.
Oil Hits Two-Month High
Friday, January 18, 2019 Oil prices climbed to a two-month high as China was said to offer a trillion-dollar buying spree to defuse trade tensions with the world’s biggest economy.
Oil Retreats Near $52
Thursday, January 17, 2019 Oil retreated near $52 a barrel as investors assessed surging U.S. production against output curbs pledged by some of the world's top suppliers.
Offshore Service Spending to Outpace Onshore Shale
Wednesday, January 16, 2019 Research from Rystad Energy reveals that we'll see spending in the offshore service sector outgrow spending on onshore shale this year.
2019 US Oil Output to Average 12MM Barrels Per Day
Wednesday, January 16, 2019 U.S. crude oil production will average 12.1 million barrels per day in 2019, according to the EIA's latest short-term energy outlook.
Oil Holds Gain Near $52
Wednesday, January 16, 2019 Oil held gains near $52 a barrel on optimism the OPEC+ coalition's production curbs will clear a supply glut.
Permian Shale Oil Boom Holds Mixed News for OPEC
Tuesday, January 15, 2019 For OPEC, good news often comes hand-in-hand with bad news.
Oil Halts Drop Near $51
Tuesday, January 15, 2019 Oil halted its retreat near $51 a barrel on forecasts for a drop in U.S. inventories and as a rebound in equities signaled investor interest in risk assets was improving.
Chevron Capex Highlights Permian
Monday, January 14, 2019 Chevron's capital budget underscores the importance of shale, particularly in the Permian Basin.
Saudis Say OPEC+ Cuts Provided US Shale Lifeline
Monday, January 14, 2019 Saudi Arabia's energy minister has no quarrels with U.S. shale and even sees output cuts by OPEC and its allies as directly aiding American drillers.
Analysts Outline Latest Oil Price Forecasts
Friday, January 11, 2019 Analysts at Fitch Solutions Macro Research forecast that the price of Brent will average $75 per barrel in 2019, a new report has revealed.
Permian Pipeline Open Season Kicks Off
Thursday, January 10, 2019 WhiteWater Midstream's Steady Eddy project would extend for 23 miles in Southeast New Mexico and West Texas.
Problems for US Producers at $50
Wednesday, January 09, 2019 U.S. producers can't generate cashflow and production growth at $50 per barrel oil, according to Energy Aspects.
QEP Resources Receives $2B Takeover Bid
Monday, January 07, 2019 Elliott Management Corp. has offered up $2.07 billion in cash for 'undervalued' QEP Resources.
US Shale Drilling Activity Slowed in 2H 2018
Monday, January 07, 2019 A new report from Rystad Energy reveals a dip in the nation's fracking activity in the second half of 2018.
OPEC Strategy Still a Winner for Members
Monday, January 07, 2019 Given oil's plummet at the end of last year, OPEC's strategy to stabilize the market might look a bust - but it's still a winner where it matters most for the cartel's members.
The State of Oil in 2019
Thursday, January 03, 2019 So, what will be the state of oil in 2019? Executives, money managers and analysts weigh in.
OPEC Output Falls Most in Almost 2 Years
Wednesday, January 02, 2019 Before its agreement to cut oil supplies even started, OPEC's production plunged by the most in almost two years last month.
Oil Watchers See $70 a Barrel in 2019
Friday, December 28, 2018 The world's biggest banks are reckoning on a rebound in oil prices next year as fears of a recession prove misplaced.
US Oil Delivers One-two Punch to Middle East Producers
Thursday, December 27, 2018 The US oil industry is delivering a one-two punch to Middle East producers already reeling from a collapse in prices.
Global Drilling And Well Services Activity Sees An Upswing
Friday, December 21, 2018 More than 72,000 wells are expected to be drilled and completed in 2019, representing a 3% growth compared to 2018.
When Do Shale Producers Stop Making Money?
Thursday, December 20, 2018 We're getting into the zone where US shale producers stop making money.
Permian's Growth Spurt at Risk of Being Stunted
Wednesday, December 19, 2018 The U.S.'s biggest oil field may be about to pump the brakes if crude keeps plunging.
Exxon Becomes Permian Drill Chief
Tuesday, December 18, 2018 ExxonMobil has overtaken rivals to become the most active driller in the Permian Basin.
Oil Dives Lower
Tuesday, December 18, 2018 Oil dived lower near $49 a barrel as investors sought more assurance that OPEC's output cuts will work in the face of surging U.S. supply.
Upstream Firms Positioned to Thrive
Monday, December 17, 2018 Upstream companies are positioned to thrive in 2019, according to Wood Mackenzie.
US Oil Rig Count Drops for Second Week in a Row
Friday, December 14, 2018 US drillers cut four rigs this week.
Complex Oil Refiner Margins Squeezed
Friday, December 14, 2018 Returns at sophisticated refinery units that companies built at great expense are now almost on a par with those at relatively inexpensive and simple plants.
Market Could be Oversupplied by 2020
Thursday, December 13, 2018 The market could be quite tight in the first half of 2019 but oversupplied again by 2020.
Oil Stays Below $52
Thursday, December 13, 2018 Oil traded below $52 a barrel after U.S. crude inventories slid less than expected and added to concerns that the OPEC+ coalition's output cuts won't be enough to avert a supply glut.
Oil Tanker Owners Find Solace in Shale
Wednesday, December 12, 2018 America's shale boom could be about to spare the world's oil tanker owners from a typical OPEC ravaging.
US Shale Becomes Oil Industry's Safe Haven
Tuesday, December 11, 2018 Big oil is investing more in U.S. shale, not less, after the recent tumble in crude prices.
Chevron Boosts Spending on Shale Projects
Friday, December 07, 2018 Chevron raises its spending budget for the first time since 2014.
46.3B Barrels of Oil in Wolfcamp-Bone Spring
Thursday, December 06, 2018 New federal study estimates undiscovered, technically recoverable resources in Wolfcamp shale and Bone Spring Formation in Permian's Delaware Basin.
Shale Patch Will Likely Cut Budgets Next Year
Thursday, November 29, 2018 Shale explorers will likely cut spending budgets next year for the first time since the last price crash as crude spirals down again, analysts said.
Market Will Tighten Up Again into 1Q
Thursday, November 29, 2018 UBS Wealth Management believes the market will tighten up again into the first quarter of next year.
Oil and Gas Portfolios Get Closer Look
Wednesday, November 28, 2018 Disruptive forces are forcing oil and gas executives to intensify their portfolio reviews, EY reports.
Race to Export US Shale Gets Fierce, Gulf Coast Terminals Want In
Monday, November 26, 2018 The race to export US shale oil overseas is about to get fierce, with at least nine proposed terminals angling for a piece of a very limited pie.
Analysts Outline Industry Themes for 2019
Monday, November 26, 2018 Analysts at Fitch Solutions Macro Research outline 5 key themes for oil and gas in 2019 in a new report.
OPEC's Worst Nightmare: Permian Ups Production
Wednesday, November 21, 2018 OPEC's bad dream only deepens next year, when Permian producers expect to iron out distribution snags that will add three pipelines and as much as 2 million barrels of oil a day.
Shell is Wrong: Global Oil Demand Can Only Increase
Wednesday, November 21, 2018 The great shale rise has put to bed the 'peak oil production' theory but it has not stopped the apparent new concern of 'peak oil demand.'
Why US Oil Production Won't Peak Anytime Soon
Monday, November 19, 2018 The US shale oil revolution continues to defy the skeptics.
US Adds Oil Rigs for Fifth Out of Sixth Weeks
Friday, November 16, 2018 This week's rig count marks the fifth out of six weeks that the nation has added oil rigs.
US Crude Production to Hit Record 7.94 MMbpd in December
Wednesday, November 14, 2018 The US EIA projects record crude oil production in December.
Permian Pipes Are Coming, But The Workers Aren't
Tuesday, November 13, 2018 'It's frankly today a bigger concern than oil prices, because oil prices are fine where they are. The availability of labor is not,' says analyst.
Digitalization Can Save Upstream Sector $75B Each Year
Monday, November 12, 2018 A new study by Wood Mackenzie shows how the US Lower 48 has led the way in utilizing technology to transform their business.
EOG Join Oil's $1 Billion-a-Quarter Club
Monday, November 12, 2018 The well-heeled, buttoned-down world of international oil now has competition from cowboy boots and jeans.
Halliburton Expects Permian Bottlenecks Gone By End of 2019
Monday, November 05, 2018 Halliburton expects bottlenecks in America's busiest oil field to be relieved by the end of next year.
SandRidge Sells Permian Assets; Buys Mid-Con Assets
Monday, November 05, 2018 SandRidge Energy divests Permian assets and picks up assets in the Mid-Continent Basin.
First Shale Gas from UK PNR Site
Monday, November 05, 2018 Cuadrilla begins to see natural gas flow to the surface from its shale exploration well at the UK Preston New Road site.