Source: Created by the U.S. Energy Information Administration, based on data from Enverus The Permian Basin, which spans western Texas and eastern New Mexico, represents the most prolific hydrocarbon production region in the United States. They […]
Michael Wirth, chairman and CEO of Chevron (NYSE:CVX), said Monday that he sees “a fair amount of support” for current oil prices, which have spiked above $80 a barrel in recent weeks. Speaking to CNBC, Wirth […]
Two weeks ago, in a short and terse affair that did nothing to address the spill-over from overheating gas markets, OPEC+ confirmed that it would stick to its July agreement to boost output by 400,000 […]
Oil output in America’s most prolific shale patch is getting closer to levels seen before the pandemic-driven market crash, as crude prices surge. While total production in the U.S. is still lagging, the Permian Basin […]
The IEA director just announced that energy prices are likely to keep going up unless we have greater investments in renewables. Posted today on Oilprice.com today. He said, “There is a looming risk of more […]
Last week, Saudi Aramco’s chief executive officer, Amin Nasser, said that the company expects to boost its oil production capacity to 13 million barrels per day (bpd) by 2027. The EIA defines spare capacity very […]
Source: U.S. Energy Information Administration, Short-Term Energy Outlook We expect 22% more U.S. coal-fired generation in 2021 than in 2020, according to our latest Short-Term Energy Outlook (STEO). The U.S. electric power sector has been generating more electricity from […]
The Covid-19 pandemic has led to many unforeseen consequences, and right now we may be approaching one of the biggest: the possible neutering of the green energy movement. Prices of fossil fuels are rising sharply, […]
Skyrocketing prices for natural gas, coal and electricity are putting extra pressure on oil markets, boosting demand as industries and power generators seek to switch to liquid fuels to keep a lid on costs. But […]
We have an absolute blast talking with Heidi McKillop, President, and CEO at ASN Productions, and Terry Etam, Author, and world energy expert. -During this podcast we create NOPEC. The energy answer – Have NOPEC […]
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