Showing posts with label Shale oil. Show all posts
Showing posts with label Shale oil. Show all posts
Saturday, 6 May 2023

US weekly oil and gas rig count falls by the most since February this year

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US energy firms cut the most oil and natural gas rigs in a week since February this year, energy services firm Baker Hughes Co. said in its ...
Tuesday, 4 April 2023

OPEC Plus still controls oil supply

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The surprise oil output cuts announced on Sunday by OPEC plus members illustrate their greater power over the market, given limited supply g...
Saturday, 31 December 2022

Weaker shale oil production forecast for 2023

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The shale oil patch this week closes the door on a disappointing year while bracing for weaker output gains in 2023, hamstrung by rising cos...
Thursday, 27 January 2022

OPEC plus likely to stick to planned March output increase

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OPEC plus is likely to stick with a planned increase in its oil output target for March 2022 when it meets on Wednesday next week. Several s...
Friday, 14 January 2022

US drillers add most oil and gas rigs in a week since April 2020

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The US energy firms added the most oil and natural gas rigs in a week since April 2020 as rising oil prices prompt more drillers to return t...
Tuesday, 23 November 2021

50 million barrels crude oil to be released from Strategic Petroleum Reserve

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The Department of Energy will release 50 million barrels of oil from the nation's Strategic Petroleum Reserve, the White House announced...
Sunday, 7 November 2021

US accuses OPEC Plus jeopardizing global economic recovery

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The White House has said OPEC Plus is risking imperiling the global economic recovery by refusing to speed up oil production increases and w...
Friday, 24 March 2017

West getting ready again to create rift between Saudi Arab and Iran

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Major oil producers are scheduled to meet in Kuwait to deliberate on the outcome of their collective cut in production. It is expected tha...
Monday, 26 December 2016

US shale producers to gulp Saudi market share of oil

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After OPEC lead by Saudi Arabia and Russia arrived at a consensus to contain oil production, I wrote that the real threat for Saudi Arabia...
Monday, 10 October 2016

Can oil prices continue upward trend?

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One of the questions haunting exploration and production (E&P) companies is how soon and how much oil prices will go up by end of ...
Saturday, 6 February 2016

Why analysts are talking about declining oil prices only?

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Somewhere I read a story about the energy giants ‘seven sisters’ which virtually control the global economy. All analysts are talking ...
Tuesday, 1 December 2015

Winners and losers of oil war

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The US and Saudi Arabia will never accept that they are entwined in an apparent oil war. While Saudi Arabia keeps on producing oil at rec...