Shale Oil

The U.S. has won the battle on oil — and is poised to win the war

The world’s commentating class has been too quick to write off the U.S. as an economic and strategic hegemon.<p>Over the last week the International …

Oil

The IEA Is Grossly Overestimating Shale Growth

This week, the IEA said that U.S. shale would dominate the oil and gas markets over the next decade.<p>The rate of drilling over the past few years …

Oil

Lower Costs, Shale Growth And Demand Doubts Will Keep Oil Futures In Check

The oil price has unquestionably firmed up – Brent is holding firm above $60 per barrel while the West Texas Intermediate is doing likewise above $55 per barrel. But after a lackluster year for the bulls, they could be forgiven for their exuberance over the past five weeks as both benchmarks have …

Oil

Oil Tycoon Hamm Slams EIA’s Overoptimistic Shale Forecasts

As a powerful oil market mover, the EIA needs to have “more sophisticated” forecasts about U.S. shale production, because overly optimistic …

Oil

Groundwater maps could help South Africa prepare for safer fracking

The South African government has made a firm commitment to proceed with unconventional gas exploration using fracking. During fracking a mixture of …

South Africa

Geopolitical Risk, 'Fear Cycle' Driving Oil Prices Higher

<i>By FS Staff</i><p>With the oil markets much closer to balance, geopolitical uncertainties are beginning to have a larger influence on the price of oil, …

Oil

America's 'energy independence' should make Saudi Arabia very nervous

• <b>The US led the world's oil production for the first half of the 20th century.</b> <b>Since 1970, though, US oil output has declined.</b>• <b><br>Talks of "energy independence" should make Gulf nations very nervous.</b><p>One of the more important recent developments in global energy is the resurgence of U.S. energy …

Oil

Shale Goal in Sight: Pump With a Profit, Without Hurting Growth

Shale drillers are promising to add a new wrinkle to their world-shaking oil boom: they may finally make money.<p>In third-quarter earnings reports, …

Business

FANG: The Best Shale Oil Company Delivers A Fantastic Q3

Diamondback reported Q3 earnings a week ago that were fantastic.<p>But the broad energy sector sell-off has affected FANG shares as well.<p>However, the …

Stocks

BHP seeks shale exit within two years; Nickel West on the block

BHP Billiton (NYSE:BHP) says it will seek to fully divest its U.S. shale business in the next two years or so and is looking for the right time to …

Business

Aiding Oil's Recent Rebound: American Wildcatters Show Restraint

Oil traders and analysts have traced the market’s recovery to signs of tighter supply and a return of geopolitical tensions.<p>But many are also pointing to rising confidence that U.S. shale producers won’t endlessly ramp up production.<p>For the past three years, earnings reports from shale companies …

Oil

Is U.S. Energy Independence In Sight?

The International Energy Agency made headlines Monday when it declared in its World Energy Outlook 2017 that the U.S. could be a net exporter of oil within a decade. The IEA also projected that the U.S. is set to become the world’s dominant oil and gas production leader for decades.<p>Is that a …

Oil

Market report: Gloomy IEA forecast spooks the oil market

The International Energy Agency poured cold water on the buoyant oil market yesterday as it warned that another US shale boom will help create the biggest supply surge in history and that demand for oil next year will be lower than expected.<p>Crude prices suffered their sharpest drop in four months …

Oil

U.S. SHALE OIL PRODUCTION UPDATE: Financial Carnage Continues To Gut Industry

-- Published: Wednesday, 15 November 2017 | Print | <b>Disqus</b><p>By Steve St. Angelo<p>As the Mainstream media reports about the next phase of the glorious U.S. …

Oil

IEA: Shale oil and gas are here to stay

This chart comes from the International Energy Agency, which has not always had the greatest track record in world when it comes to energy …

Oil

Can ConocoPhillips Really Break Even At WTI Under $40?

Conoco CEO Ryan Lance made a number of claims and predictions on CNBC, including Conoco being able to thrive at a WTI price level of under $40/barrel.<p>…

Oil

Transocean: Is Deepwater Doomed?

In this article, I discuss the long-term fundamentals of deepwater production.<p>There are four main obstacles for deepwater now: EVs, shale, renewables …

Oil

IEA Sees U.S. Shale Surge as Biggest Oil and Gas Boom in History

The supply surge from U.S. shale oil and gas will beat the biggest gains seen in the history of the industry, the International Energy Agency …

Oil

America's oil and gas output could soar 25% by 2025

The United States can look forward to many more years of an unprecedented oil and gas boom.<p>The International Energy Agency predicted Tuesday that a dramatic increase in shale production will transform the U.S. into the world's largest exporter of liquefied natural gas by the mid-2020s.<p>Another …

Oil

Upcoming surge in shale oil production will be ‘biggest oil and gas boom in history’

<i>A roundup of what The Globe and Mail's market strategist Scott Barlow is reading today on the Web</i><p>The International Energy Agency is predicting that an upcoming surge in U.S. shale oil production will be the biggest increase in fossil fuel supplies in history,<p>"By 2025, the growth in American oil …

Oil

Global oil demand to withstand rise of electric vehicles - IEA

LONDON (Reuters) - Global oil demand will fall only modestly alongside the expected rise in electric vehicles over the next two decades, with …

Oil

Oil Slides on Bullish Shale Growth Forecast

Oil prices lost ground for the third consecutive day Tuesday, Nov. 14, falling to their lowest mark in a week on expectations that U.S. shale oil …

Oil

Trump touts big energy deals in Asia

<b>US President Donald Trump wraps up a 12-day tour of Asia on Tuesday which he said created $300bn (£228bn) in sales to companies in the region and several major energy deals.</b><p>Energy agreements made up roughly half the total value of deals in China.<p>If it proceeds, a project in Alaska would mark the …

West Virginia

Bank of Tokyo-Mitsubishi's Khoman Is Bullish on Shale

November 14th, 2017, 5:58 AM UTC<p>Ehsan Khoman, head of MENA research at Bank of Tokyo-Mitsubishi, discusses the state of play in the oil markets, OPEC …

Business

Pressure Builds - State Of Crude Q3 2017

Summarizing the state of oil markets through Q3 2017.<p>We use Goehring & Rozencwagj’s recently released Q3 research as a backdrop.<p>World inventory draws …

Oil

Oil markets cautious as OPEC cuts are met by rising U.S. output

Oil prices fell on Tuesday as the cautious sentiment of the past week prevailed, despite ongoing OPEC-led production cuts and Middle East tensions.<p>Brent crude futures were at $62.94 per barrel at 0324 GMT, down 22 cents, or 0.35 percent, from their last close. U.S. West Texas Intermediate (WTI) …

Oil

OGDCL, PPL consortium being formed to launch Shale gas, oil pilot projects

ISLAMABAD, Nov 13 (APP):A consortium of state-owned companies, Oil and Gas Development Company Limited (OGDCL) and Pakistan Petroleum Limited (PPL), …

Oil

Marcellus Natural Gas Lowers Bills For All Americans

<i>“In terms of cost, shale gas has been a clear win for consumers,”</i> Christina Simeone, Director of policy and external affairs, University of Pennsylvania’s Kleinman Center for Energy Policy<p>I’ve already shown <b>here</b> how more natural gas usage thanks to the Marcellus shale play centered in Pennsylvania …

Energy

OPEC Concedes That U.S. Shale Won’t Die

OPEC just significantly overhauled its expectations for North American shale, projecting strong supply growth through the early 2020s. The revision …

Oil

Exxon Is Drilling Some Extremely Long Shale Oil Wells

Exxon Mobil Corp. is drilling shale wells that stretch farther than the length of New York’s Central Park.<p>The world’s biggest oil explorer by market …

Oil