Daily Standup Top Stories U.S. House Passes Bill Banning Federal Reserve From Issuing a CBDC June 3, 2024 Mariel Alumit The U.S. House of Representatives voted largely along party lines to prevent the Federal Reserve from […]
The key driver of the industry now is returning more to shareholders and preparing for inventory stacked up for years of production ahead. Last week, the U.S. oil industry saw its latest announcement of a […]
In 1973 and 1979 war in Israel and turmoil in Iran twice ruptured the oil market, triggering an inflationary surge that sapped western economies and unseated a US president. In the decades since, the possibility […]
World Oil (Bloomberg) – Closely held operators, once the engine to the Permian’s shale growth coming out of the pandemic, are now expected to lead U.S. oil drillers into spending contraction next year. Private oil and […]
U.S. oil prices soared Wednesday to their highest level in more than a year. Most frackers plan to stay on the sidelines. Surging global demand coupled with output cuts by Saudi Arabia and Russia have sent crude […]
U.S. shale may only add 500,000 bpd in 2023. A number of factors from labor shortages to lack of external capital to exhaustion of sweet spots constrain growth in the U.S. shale patch. Goldman Sachs’s […]
U.S. shale oil drillers turned from scrappy wildcatters into multi-millionaires over the past two decades, propelling the United States to become the world’s largest producer, but now they are running out of runway. Oil output […]
The US slashed its forecast for 2023 oil production in the latest sign that world crude markets can’t rely on American shale fields to ramp up supply quickly enough to reduce high energy prices over […]
Shale stocks aren’t plunging along with crude oil benchmarks Capex and production discipline among U.S. shale producers have kept investors content The effects of this selloff will likely soon disappear as the panic subsides with […]
(Bloomberg) — Shale drillers saw their debt burden fall further in the second quarter, signaling extra room for them to pay dividends, buy back shares or make acquisitions. A metric commonly used to measure companies’ […]
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