The group’s latest Monthly Oil Market Report (MOMR) sees global oil demand reaching 96.27mn b/d this year, up by 5.89mn b/d from 2020. The previous report pegged this year’s demand growth at 5.79mn b/d. Opec said it has […]
I have written on shale production in the U.S. a number of times over the past couple of years for OilPrice. My expectation that shale production would fall sharply to ~5-6 mm BOEPD by the […]
Eagle Ford Shale pure-play Penn Virginia Corp. plans to maintain its current two-rig program through 2021 to grow production after it temporarily suspended drilling last year because of the Covid-19 pandemic. During a conference call […]
India’s obvious displeasure with restrictions on output imposed by OPEC and its allies, and its aim to diversify crude oil suppliers, may run into the harsh realities of the global market. The world’s third-biggest oil […]
Times are getting tougher by the day for oil tanker owners. With too many vessels to haul fuel, losses for supertankers on a benchmark Middle East-to-China route deepened to $6,779 a day on Tuesday. That’s […]
Cairn Energy Plc reshuffled its portfolio, selling $460 million of assets in the U.K. North Sea and buying projects in Egypt’s Western Desert from Royal Dutch Shell Plc. Both deals, announced Tuesday and seen completing in […]
Energy News Beat Publishers Note: This article from the Brookings Institution has a lot of good information, and is tilted towards the renewable markets. We like seeing all sides to a story and do not […]
Energy News Beat Publishers Note: Kind of ironic that the decision to kill the Keystone Pipeline would actually negatively impact the environment, economy, jobs, national security, and our relationship with a great trading partner. The […]
The Biden administration has yet to fully delineate its position on liquefied natural gas, prompting cautious optimism from industry but spurring pushback from groups that want to phase out the fuel. In an interview Friday, […]
Oil slipped in London as the dollar strengthened and investors shrugged off an attack on the world’s largest crude terminal in Saudi Arabia. Global benchmark Brent futures earlier surged above $71 a barrel, the highest […]
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