Shale Oil

U.S. Oil Output Expected to Outstrip Saudi Arabia

U.S. crude oil production is this year set to exceed the output of Saudi Arabia for the first time in the modern era, according to the International …

Oil

US to overtake Saudi as crude oil producer: IEA

The United States are set to overtake Saudi Arabia as the world's number two oil producer this year, as shale companies, attracted by rising prices, …

Oil

BHP preparing U.S. shale assets for potential buyers

BHP Billiton (NYSE:BHP) says it is considering several options for its U.S. shale oil unit including a trade sale, de-merger and an IPO.<p>The miner …

Business

Developing Alternative Energy Sources Brings Familiar Challenges

The energy challenge has crept up on us. It's taken some 150 years for the fossil fuel industry to grow to the size it is today. This slow evolution …

Research Papers

BHP considering options for US shale oil unit

BHP, the world’s biggest mining company, is considering a range of options for its US shale oil unit including a trade sale, demerger and stock …

Oil

Pressure Rising on OPEC to Develop Long-Term Output Plan

The battle between OPEC and shale oil producers can be characterized as a two-round fight. In the first round, shale producers gained market share …

Middle East

U.S. oil industry about to smash through a record few thought possible, and the impact is breathtaking

HOUSTON — Surging shale production is poised to push U.S. oil output to more than 10 million barrels per day — toppling a record set in 1970 and …

Oil

Shale Gas One Of Least Sustainable Ways To Produce Electricity

By<p>Shale gas is one of least sustainable options for producing electricity, according to new research from The University of Manchester.<p>Taking into …

Oil

News Highlights: Top Energy News of the Day

BP to Book $1.7 Billion Charge for Deepwater Horizon Claims<p>BP's fourth-quarter profits are under threat from multibillion-dollar charges related to the company's fatal blowout in the Gulf of Mexico eight years ago and changes to the U.S. corporate tax rate.<p>Shell Bids a Long Goodbye to Middle …

Oil

Nigeria: Crude Oil Price Hits U.S.$70 Per Barrel

The price of brent crude oil rose to $70 per barrel yesterday, supported by ongoing output cuts led by OPEC and Russia, and ignoring a rise in United …

Oil

Will U.S. shale ruin the oil party (again)?

Crude oil is hotter this year than the Dow, the Nasdaq and even bitcoin.<p>It has surged 7% so far in 2018 and hit a three-year high of $64.81 a barrel on Monday, reflecting confidence that an epic supply glut may finally be over because of production cuts by OPEC and Russia.<p>"The market has gone …

Oil

Oil Market Conquers Its Fears Over Shale

Worries producers will flood market ease, lifting crude prices<p>Oil prices have surged more than 50% since the summer—a sign investors are reassessing what was once the biggest risk in the market: U.S. shale.<p>For more than three years, the ability of shale producers to rapidly dial production up or …

Oil

Worries about US shale output wave as oil hits three-year high

Brent crude rose to a three-year high of $70 a barrel last week, but there are questions about rally’s resilience as higher oil prices threaten to …

Oil

Shale Restraint Could Lift Oil To $80

Brent recently hit $70 per barrel and WTI surpassed $64.50, and oil executives from the Middle East to Texas no doubt popped some champagne. The big …

Oil

Crude Oil Price Continues Upward March Amid Political Turmoil, Demand Growth

<i>Original Post</i><p><i>By Stuart Burns</i><p>Amongst a plethora of news, comment and opinion, it is often like struggling through a jungle when trying to get clarity …

Oil

Cornerstone's Stuart Sees Shale Oil Production on the Rise – Bloomberg

Cornerstone's Stuart Sees Shale Oil Production on the Rise<p>Cornerstone's Stuart Sees Shale Oil Production on the Rise<p>Cornerstone's Stuart Sees Shale …

Oil

The Problematic Truth About U.S. Shale Oil Production

The EIA’s newly released Short Term Energy Outlook is making headlines this week. The agency is forecasting higher U.S. oil production growth in 2018 …

Oil

Crude Oil Prices Settle Higher as Production, Supplies Fall

© Reuters.<p>Investing.com – Crude oil prices settled higher on Wednesday as traders cheered an unexpected drop in US production while data showing …

Oil

OPEC's cheer over 2018 oil rally tinged by shale worries

© Reuters. FILE PHOTO: The OPEC logo is pictured at its headquarters in Vienna<p>By Rania El Gamal and Alex Lawler<p>DUBAI/LONDON (Reuters) - Oil's price …

Oil

Fracking firm Caudrilla to reignite West Sussex shale drilling

Fracking firm Cuadrilla has again been given a green light from West Sussex council to drill for shale reserves near the village of Balcombe, almost five years after bitter summer protests against the plans first erupted.<p>Cuadrilla will be allowed to drill wells in the Sussex countryside over the …

Oil

Oil prices rise, but growing US output is expected to cap gains

"The US oil price is now into a range that is anticipated to attract increased shale oil production.<p>Despite this, US production is expected soon to …

Oil

An eventful year: 5 most popular energy stories of 2017

The year in which WTI went from barely above $50 to more than $60 a barrel and Brent hit OPEC’s much-sought-after $65 a barrel was full of the usual mix of price forecasts, warnings and unpredictable events that left readers wondering what will happen next.<p>Here are five of Oilprice.com’s most …

Oil

Shell looks to shale production for rapid growth

The growth of Royal Dutch Shell’s oil and gas operations in the next decade will depend on shale production, its chief executive has said, in the …

Oil

Next trigger for shale expansion?

• Surpassing a crucial threshold for spurring new shale drilling, WTI crude is approaching $62 a barrel for the first time in three years as the API …

Stock Markets

Shale resources hold answer to China’s LNG supply

Illustration: Peter C. Espina/GT<p>China has shown its determination to tackle pollution by shifting from coal to natural gas. But the government is not …

Oil

Pipeline projects move ahead to tackle rising Texas shale output

HOUSTON, Dec 29 (Reuters) - Several oil pipeline companies this month agreed to move ahead on multi-billion-dollar projects that would link Texas …

Oil

Oil storms past $60 for first time in two years — yup, disruption is back

Oil’s revival from the biggest crash in a generation persisted, with prices set for a second annual gain after a year marked by hurricanes, Middle …

Oil

The Year We Lost God But Gained OilCoin - Bloomberg Gadfly

God didn't die in 2017, but he did throw his hands up.<p>Andy Hall, the oil trader blessed with that nickname, caused a stir this summer by closing down …

Oil

All That New Shale Oil May Not Be Enough as Big Discoveries Drop

Three years after causing an oil-price crash, the shale boom may not be enough to meet rising global demand because the industry has cut back so …

Oil

Why BP Is Changing Its Tune On U.S. Shale - Smokescreen Or Something Else?

CEO Bob Dudley no longer sees U.S. shale being the swing producer he thought it would be.<p>Could be smokescreen for soaring, record shale production.<p>BP …

Oil