Oil

All drill, no frack: U.S. shale leaves thousands of wells unfinished

NEW YORK (Reuters) - U.S. shale producers are drilling at the highest rate in 18 months but have left a record number of wells unfinished in the largest oilfield in the country – a sign that output may not rise as swiftly as drilling activity would indicate.<p>Rising U.S. shale output has rattled …

Petroleum

China’s Bailing Out Venezuela’s Corrupt Regime. That’s Got to Stop.

Things are so bad under the Maduro regime in Caracas, it’s hard to figure out how it survives. Until you look at the bucks coming in from Beijing.<p>Socialist solidarity appears to be alive and well; Karl Marx would be oh so proud. China, whose one-party system has managed to successfully open up much …

Venezuela

Shale Cost Reductions Are 10% Technology and 90% Industry Bust

I am tired of hearing about the unbelievable impact of technology on collapsing U.S. shale production costs. The truth is that these claims are …

Shale Oil

OPEC, Allies Meet as Oil Market Warns Them: Job's Not Done - Bloomberg

OPEC and allies reviewing the impact of their oil cuts this weekend face a market with an unambiguous message: their work is far from done.<p>As …

OPEC

Servicing Cost Inflation On The Rise And What It Means For U.S. Shale Oil - Oil Markets Daily

One of the key themes to our bullish oil long thesis is the rise in servicing cost.<p>Sell-side and consensus are currently too conservative on …

Petroleum

The Upcoming Surge In U.S. Oil Demand Explained In One Chart

Wow. It’s not often a chart can say so much about human behavior, economic theory, oil consumption and maybe even the future of energy all in one …

Fuel Efficiency

The oil industry doesn't care about electric cars: here's why

It crops up in comments from electric-car advocates and clean-energy users fairly regularly.<p>And it goes something like this: "Big Oil and Gas are on …

Oil & Gas Industry

Are Oil Companies Bad For The Environment? Shell Spill Caused 'Astonishingly High' Pollution In Nigeria

Back in 2008, Royal Dutch Shell PLC spilled half a million barrels of oil into a Nigerian fishing town on the Niger Delta, and, in 2015, settled with …

OPEC

Saudi pledges stable oil supply as market confused by data

| DUBAI<p>Output or exports? OPEC members have argued for decades over which of the two they should monitor to gauge compliance with oil-output cuts.<p>This month, Saudi Arabia has thrown a third metric – supply - into the debate.<p>The move saw oil prices declining, with confused traders fearing Riyadh …

OPEC

World's top LNG buyers form alliance to push for flexible contracts

| SEOUL/TOKYO/MILAN<p>The world's biggest liquefied natural gas (LNG) buyers, all in Asia, are clubbing together to secure more flexible supply contracts in a move which shifts power to importers from producers as oversupply grows.<p>Korea Gas Corp (KOGAS) said on Thursday it had signed a memorandum of …

21st Century

Oil Prices: So Long OPEC, American Gas And Oil Exploration - North And South - Is Expanding

<i>Original Post</i><p><i>By Stuart Burns</i><p>The <b>Organization of Petroleum Exporting Countries,</b> in general, and Saudi Arabia, in particular, have done the U.S. oil …

Petroleum

As Trump targets energy rules, oil companies downplay their impact

<b>By Richard Valdmanis | BOSTON</b><p>President Donald Trump’s White House has said his plans to slash environmental regulations will trigger a new energy …

Oil & Gas Industry

Premarket: Vote on Trump health-care plan worries world stocks, U.S. dollar

All eyes in global financial markets were fixed on stuttering Republican efforts to pass a replacement for Obamacare on Friday, with failure likely to undermine faith in Donald Trump’s promise to deliver a “phenomenal” U.S. tax reform.<p>Tuesday’s first 1 per cent daily fall on Wall Street since …

OPEC

U.S. health care; OPEC meeting; Electronics ban

<b>London (CNN) —</b> <b>1. Health care vote:</b> President Trump wants a deal.<p>House Republicans have so far failed to secure the votes needed to pass a health care bill that would repeal major portions of Obamacare.<p>Now, Trump has issued an ultimatum: If they don't vote yes on Friday, he will move on and saddle …

OPEC

Exxon forced to hand over Rex Tillerson emails in climate change probe

Lawyers believe Rex Tillerson used a different account to discuss potentially murky business.<p>Oil giant Exxon Mobil must hand over emails from an …

Climate Change

Oil edges up as Saudis cut supplies to US, but global glut remains | Reuters

By Henning Gloystein<br>| SINGAPORE<p>SINGAPORE Oil prices edged up on Friday, supported by a fall in Saudi exports to the United States, but overall …

OPEC

2 Hated Dividend Stocks to Buy Now

The market hasn't treated shares of HollyFrontier or Kroger that well lately. Perhaps it's time to take a second look at them.<p>It's hard to imagine …

Investing

Oil Majors Plunge Into Industry That May Hurt Fossil Fuel

By Jessica Shankleman<p>(Bloomberg) — Big oil is starting to challenge the biggest utilities in the race to erect wind turbines at sea.<p>Royal Dutch Shell …

Renewable Energy

Oil recovery trouble spot: Laid-off workers and hiring managers aren't on the same page

Oil and gas professionals and the managers who hire them have very different expectations about how a recovery in the hard-hit industry will play …

BP

Canada's Saskatchewan province reviews pipeline rules after Husky spill

WINNIPEG, Manitoba (Reuters) - The western Canadian province of Saskatchewan will review regulations and engineering standards for pipelines around bodies of water following a Husky Energy Inc <HSE.TO> oil spill last year into a major river.<p>Husky's July 2016 spill into the North Saskatchewan River …

Canada

Venezuela's Fuel Shortage Is Getting Worse - Bloomberg

Venezuela’s state oil company was rushing to replenish gasoline supplies in various neighborhoods of Caracas on Thursday morning as drivers lined up …

Venezuela

Have Shell and BP Signalled an Oil Recovery? Petro Online

For years, the oil industry has been in a state of volatility. Now, analysts are predicting that a recovery could be on the horizon. British group BP …

BP

Memo to FBI: If team Trump and Putin colluded, any money trail likely involves oil

Russia sold off one-fifth of its state-owned oil giant in December, but we still don’t know who bought it all.<p>As the FBI investigates possible …

Vladimir Putin

AP sources: US to approve Keystone XL pipeline

The Trump administration will approve the Keystone XL pipeline on Friday, senior U.S. officials say, ending years of delay for a project that has …

Government

Six Ways President Trump’s Energy Plan Doesn’t Add Up

<i>This blog was</i> <i>authored by</i> <i>Jeremy Proville and Jonathan Camuzeaux</i><p>Just 60 days into Trump’s presidency, his administration has wasted no time in pursuing …

Petroleum

Natural Gas, Oil Remain Weak (UNG, UGAZ)

The bear market in natural gas continues, and oil isn't doing much better.<p>Although natural gas futures have jumped 11 percent in March, the commodity …

OPEC

Are Regulations Bad For Business? Oil Execs Say Trump’s Policies Won’t Lead To Much Change

For all their efforts to fight government regulation often intended to stymie pollution and climate change, oil and gas firms likely wouldn’t see a …

Oil & Gas Industry

Oil Set for Weekly Drop on U.S. Supply Before OPEC Meet on Cuts - Bloomberg

Oil headed for a weekly loss as OPEC and its allies prepared to meet for a review of their production cuts, while swelling U.S. inventories indicated …

OPEC

Ominous For Oil: Days Of Small Shale Producers Coming To An End

Larger U.S. shale producers are going to start taking control of the market.<p>Why this is bad news for the rest of the world.<p>Debt, debt maturity and …

Shale Oil

Gold falls in Asia as Trump ready for showdown vote

Investing.com - Gold prices drifted weaker on Friday in Asia on political risk concerns as a dramatic inter-party showdown loomed in the U.S. as the …

New York Mercantile Exchange