Tag: U.S. oil production

June 16, 2020

Oil and gas markets have always been volatile. Prices went up, prices went down — sometimes violently — and when they did, fortunes were made and lost. The industry learned to live with volatility, confident that when the market went […]

March 30, 2020

The U.S. is all but guaranteed to lose its hard-earned spot as the world’s number one oil producer this year amid the recent price crash, vanishing demand and a plunge in capital investment, energy experts say. That could mean potentially […]

December 30, 2019

Growth in U.S. oil production may have started to slow, but the Organization of the Petroleum Exporting Countries (OPEC) is sorely mistaken if it thinks it will soon be out of the supply-cut game. While U.S. shale has been overwhelmingly […]

December 20, 2019

The last decade has brought more disruption than the energy sector in the United States has seen since the 1970s, when the Arab oil embargo led to long lines at gas stations, stoked energy security fears, and prompted Congress to […]

November 14, 2019

Along with slower global demand growth, surging U.S. oil production has been the primary bearish factor in the oil market. Per U.S. Department of Energy numbers, domestic crude output is at all-time records of 12.6 million b/d, some 80% of […]

October 15, 2019

Turmoil in the oil market is nothing new, and recent events in the Middle East, including the missile attack on Abqaiq and the apparent attack on an Iranian tanker, have overshadowed developments in the oil market fundamentals, but further out […]

March 11, 2019

The sanctioning of two OPEC members by the Trump administration has caused some ripples in the oil market, but not the type of shortages or pain for consumers that might have occurred. One big reason is that U.S. production continues […]

January 23, 2019

The shale oil revolution will remain in the spotlight in 2019 and promises to once again be one of the most crucial factors driving global oil markets. Rapid growth in U.S. oil production is single-handedly satisfying worldwide oil demand – […]

January 18, 2019

The level of crude output from the U.S. will once again be a major factor this year, the International Energy Agency (IEA) said its closely-watched report on Friday, with the energy giant on track to reaffirm its position as the […]

December 14, 2018

In a couple of recent columns, I have highlighted President Trump’s apparent blind spot when it comes to oil prices. His position would have been understandable a dozen years ago, when net imports of oil into the U.S. had reached […]

May 2, 2018

With the geopolitical risk factor firmly reinstalled into the market, oil prices have risen to four-year highs. Gasoline prices are up nearly 20% in the past year! This is noteworthy because U.S. oil (and gas) production has been soaring to […]

February 8, 2018

The EIA’s Short-Term Energy Outlook predicted that U.S. oil production would top 11 million barrels per day (mb/d) this year. Last month, the agency said that the U.S. wouldn’t hit that threshold until November 2019. The revision from just a […]

February 2, 2018

The relentless uptick in U.S. oil production, in light of firmer oil prices and industry efficiency gains, made it all but inevitable that the country would cap the 10 million barrels per day (bpd) mark at some point in the […]

January 9, 2018

Oil traders are well-positioned to generate returns despite the likelihood of prices falling away from multiyear highs over the coming months, according to a senior analyst at Goldman Sachs. Oil prices rose to their highest level since mid-2015 on Tuesday, […]

December 29, 2017

The oil bulls are running on the last trading day of 2017. After flirting with the mark several times this week, front-month WTI futures are solidly above $60 per barrel in Asian trading this morning. I called this move in […]

December 13, 2017

OPEC forecasts strong global appetite for crude oil in 2018 but now sees output from the United States and elsewhere growing more than previously expected. The 14-member oil cartel’s latest read on supply and demand comes just two weeks after […]

January 31, 2017

The falls reflect a sentiment that efforts led by the Organization of the Petroleum Exporting Countries (OPEC) to cut output by almost 1.8 barrel per day (bpd) in order to end overproduction were so far not big enough to offset […]

August 30, 2016

Many U.S. taxpayers would probably be surprised to learn they subsidize oil and gas production by at least $4 billion each year. Indeed, given federal budget concerns, not to mention the urgency of climate change, President Obama tried to cut […]