Tag: U.S. shale

Commercialization, Conventional Fuels

We may not see $100 oil ‘for a long time,’ says Chevron CEO

January 23, 2020

Via: CNBC energy

Chevron CEO Michael Wirth told CNBC on Thursday that oil prices may not reach $100 for a “long time” thanks to the boom in U.S. shale production. “Oil markets have really changed over the last decade or so,” Wirth said […]

Commercialization, Conventional Fuels

The Oil And Gas Situation: International Tensions Rise As U.S. Shale Costs Fall

May 14, 2019

Via: Forbes

Now that the battle to acquire Anadarko Petroleum APC +0% has ended, a host of other key industry news items are percolating up to the top of the page. Let’s review the always-fluid Oil And Gas Situation for mid-May, 2019. […]

Chemical, Conventional Fuels, News and Policies, World

Canada’s Natural Gas Industry Really Needs LNG

April 5, 2019

Via: Forbes

In this booming age of natural gas, high-resourced Canada has seen flat production and demand over the past decade This is a bit surprising since Canada enjoys many of the same advantages that the U.S. shale revolution does (U.S. gas […]

News and Policies, U.S.

Drillers are cutting billions of dollars in spending, raising questions about US oil output

March 11, 2019

Via: CNBC energy

The shale drillers behind booming U.S. oil and natural gas output have survived a bevy of challenges in recent years, from a historic oil price downturn to an effort by OPEC to wash them out of the market with a […]

News and Policies, U.S.

U.S. Crude Oil Production, Exports Hit Record Levels

March 1, 2019

Via: Forbes

Up 140% since the shale revolution took flight in 2008, the U.S. has seen a meteoric rise in crude oil production The numbers continue to amaze and surpass all expectations from even the most well-financed banks and modelers. U.S. crude […]

Commercialization, Conventional Fuels, News and Policies, World

OPEC rescued oil from ‘total collapse,’ Barkindo says, but the US prevented ‘major chaos’

February 28, 2019

Via: CNBC energy

Oil producing group OPEC is responsible for salvaging the entire oil industry with its deal to curb output, OPEC’s secretary general told CNBC, but the U.S. shale revolution has helped to prevent “major, major energy chaos” in the world. “OPEC […]

Energy Economics

Oil falls as dark clouds appear ahead of producer meeting

April 14, 2016


Oil prices fell on Thursday as OPEC warned of slowing demand and Russia hinted that there might only be a loose agreement with little commitments at the upcoming exporter meeting to rein in ballooning oversupply. Meanwhile, Goldman Sachs said that […]