Railroad Commissioner Ryan Sitton invited to OPEC’s June meeting – Houston Chronicle — Read on m.chron.com/business/energy/article/Railroad-Commissioner-Ryan-Sitton-invited-to-15146887.php Advertisements
By 2040, even OPEC, which has long underestimated North American shale, has U.S. crude output going above 17 million b/d. — Read on http://www.rigzone.com/news/north_america_to_lead_new_nonopec_oil_supply-04-feb-2020-160976-article/Read more "North America To Lead New Non-OPEC Oil Supply | Rigzone"
Innovation, investment and inviting geology have given new life to an oil patch that once seemed spent. The oil field is now the world’s second most productive. MIDLAND, Tex. — In a global collapse of oil prices five years ago, scores of American oil companies went bankrupt. But one field withstood the onslaught, and even […]Read more "How a ‘Monster’ Texas Oil Field Made the U.S. a Star in the World Market – The New York Times"
Sooner or later, Russia, Saudi Arabia and the other party nations to the OPEC-Plus export limitations agreement are going to exhaust their running room for additional cuts. When that happens, the U.S. shale boom will probably come to a rapid halt. — Read on http://www.forbes.com/sites/davidblackmon/2019/02/22/the-oil-and-gas-situation-is-a-train-wreck-around-the-corner/amp/Read more "The Oil And Gas Situation: Is A Train Wreck Around The Corner?"
A tussle is playing out in the market for so-called light oils, which have a lower sulfur content and are less dense than heavier varieties. When processed, these grades typically yield a higher amount of fuels like gasoline and naphtha. Light oil pumped in U.S. shale fields is increasingly making — Read on finance.yahoo.com/news/u-shale-apos-blows-leave-063738822.htmlRead more "U.S. Shale’s Blows Leave Middle East Oil Producers Staggering"
NEW YORK (Reuters) – Oil prices jumped nearly four percent on Monday after the United States and China agreed to a 90-day truce in a trade dispute and Canada’s Alberta province ordered a production cut, while exporter group OPEC looked set to reduce supply. Brent crude futures rose $2.23 to settle at $61.69 a barrel, […]Read more "Oil surges almost 4 percent on trade truce, expected supply cuts | Reuters"
If OPEC thought the 26 percent drop in oil prices since October might rein in U.S. shale production like the last sharp drop did four years ago, it might have to think again. U.S. shale firms are more profitable than ever after a strong third quarter, according to a Reuters analysis of results for 32 […]Read more "U.S. shale surge boosts industry finances, puts deals in spotlight | Reuters"
U.S. oil prices settle lower Wednesday, at the lowest in almost eight months, after a government report revealed that domestic crude supplies rose for a seventh week in a row, and gasoline stockpiles unexpectedly climbed. — Read on http://www.marketwatch.com/story/oil-prices-improve-from-multimonth-lows-as-weekend-opec-meeting-looms-2018-11-07Read more "U.S. oil prices at lowest in nearly 8 mos. as domestic crude supplies climb for 7th week in a row – MarketWatch"
The United States is pumping record amounts of oil, vaulting over Russia to become the world’s biggest producer of crude. — Read on http://www.click2houston.com/news/national/us-is-now-worlds-top-oil-producer-energy-department-saysRead more "US is now world’s top oil producer, Energy Department says"
Limited spare production capacity should help to support crude in coming months. — Read on http://www.bloomberg.com/view/articles/2018-10-14/oil-demand-is-falling-just-don-t-expect-prices-to-followRead more "Oil Demand Is Cooling. Just Don’t Expect Prices to Follow – Bloomberg"