The Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, have released their latest strategy, accelerating oil output hikes in a move that’s raising eyebrows across the U.S. shale patch. […]
The global oil market is witnessing a renewed tug-of-war between OPEC+ and U.S. shale oil producers, with the cartel signaling an aggressive push to reclaim market share lost to American drillers over the past decade. […]
Tokyo Gas acquired the 25 percent interest in the Eagle Ford shale gas assets from VirTex Producing in June 2016, as its second shale gas development project in the US. According to a statement by […]
Weekly Daily Standup Top Stories Global Power Demand Is Soaring, IEA Expects 4% Growth in ’24 & ‘25 August 2, 2024 Mariel Alumit ENB Pub Note: We recommend following and subscribing to Robert Bryce’s Substack. I […]
Daily Standup Top Stories How Conflict in the Middle East Could Send Oil Prices Soaring August 5, 2024 Mariel Alumit Rising tensions between Israel and Iran are threatening to disrupt oil supply chains and could send […]
U.S. oil production dipped by 61,000 barrels daily in May, the EIA reported this week, confirming what many already expected: continued stringent discipline among drillers. But those expectations may have been misleading because now some producers are […]
U.S. oil drilling activity hit a 29-month low last week. In the course of the past nine months, StanChart says that there has been no indication whatsoever of sustained growth in U.S. crude oil production. […]
Weekly Daily Standup Top Stories 25 States Sue EPA Over Unachievable Power Plant Regulations May 11, 2024 Stu Turley West Virginia and Indiana are leading a group of 25 states asking for the U.S. Court of […]
The US shale oil industry faces a barrage of lawsuits alleging some of the largest companies in the sector colluded to curb output and raise prices, after similar claims were made by US antitrust regulators. […]
US shale expenditure is set to surge nearly 20 percent next year as the industry recovers from the unprecedented volatility caused by the Covid-19 pandemic. Expenditure will leap to a predicted $83.4 billion in 2022, […]
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