You Searched For "shale oil" and got 20 results
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2 mins read
Peak oil demand before 2030 will usher in a major supply glut, the International Energy Agency says
As global demand for oil plateaus this decade, heavy production will create a massive supply glut t…
Filip De Mott
1 min read
Legendary oil mogul Harold Hamm eyes the next stage in the US shale oil boom: 'Generation 3' rock
"That's to deal with the tough rock that contains a lot of things that heretofore we weren't able t…
Filip De Mott
1 min read
The oil and gas industry is undergoing its biggest-ever consolidation
Upstream merger and acquisition activity hit $144 billion in the fourth quarter alone and $190 bill…
Filip De Mott
1 min read
Oil prices could jump 17% by summer as crude has now bottomed out, top shale CEO says
"The question is when do we break out? I predict sometime this summer we'll break past $80 WTI on t…
Phil Rosen
1 min read
The US oil boom helps ExxonMobil and Chevron notch their second-biggest profits in a decade
ExxonMobil and Chevron notched $36 billion and $21.4 billion for their fourth-quarter profits respe…
Aruni Soni
1 min read
Oil prices reverse higher as US inventories dive while energy giant says OPEC+ output boost isn't enough
The international oil alliance will increase production by 648,000 barrels per day for the two summ…
Phil Rosen
2 mins read
Oil prices are crashing. Blame uncertain demand and booming US production.
US crude prices plunged below $70 a barrel on Wednesday, while brent dropped to $74 as the global d…
Phil Rosen
2 mins read
Sand for fracking is now 3 times as expensive as it was last year, and it's one of several reasons US oil production isn't increasing
The familiar challenges of labor shortages and transportation constraints are combining with invest…
Dominick Reuter
2 mins read
Soaring oil prices usually boost the S&P 500. Why that might not be the case this time around, according to Bank of America
Budget tightening by US oil companies stands to serve as a headwind for the S&P 500, the investment…
Carla Mozée
1 min read
Top US shale producer is so confident oil prices will keep rising that it just ditched nearly all hedges
Pioneer Natural Resources said the move will cost $328 million, which will be spread out over the c…
Isabelle Lee
1 min read
The Red Sea attacks are throwing supply chains into chaos — but US oil exports appear to be benefiting from them
Oil buyers are choosing to not reroute ships from the Red Sea, but to buy from the US instead, acco…
Huileng Tan
1 min read
Goldman trims its 2024 oil-price forecast as the US keeps pumping up supply
Strategists expect Brent crude prices to peak at $85 a barrel in June 2024, and that Saudi Arabia w…
Phil Rosen
2 mins read
US oil production will keep booming in 2024, setting up a possible showdown with Saudi Arabia
US oil companies are boosting their budgets, and production forecasts indicate new record highs in …
Aruni Soni
3 mins read
The oil industry's mega-merger spree and a US production boom point to strong crude demand for years to come
More consolidation of the oil industry appears inevitable, sources say, and $100 billion in deals p…
Phil Rosen
2 mins read
US oil hits highest since OPEC began price war against shale producers
The oil market deficit will only get wider due to low stockpiles, an incoming cold winter, and surg…
Isabelle Lee
1 min read
Argentina oil company YPF spikes 40% as investors cheer president-elect Milei's promises to revamp the economy
Argentine stocks rallied broadly on Monday following the election victory of Javier Milei, who has …
Phil Rosen
1 min read
Big American shale producers are reportedly selling oil at a loss despite soaring crude prices
Nearly a third of US oil output is being sold at $55 a barrel, and some especially unlucky producer…
Ethan Wu
2 mins read
The US shale industry can't step up oil and gas output fast enough to rescue Europe this winter, its bosses say
"It's not like the US can pump a bunch more. Our production is what it is," a top shale investor to…
Zahra Tayeb
2 mins read
An investment firm that made big bets on the US shale boom is courting investors for clean energy SPACs
Riverstone's most successful past deals have been in oil and gas - and some of its previous clean-e…
Ethan Wu
2 mins read
Record-breaking oil production from the US has left OPEC with its lowest crude market share in nearly a decade
The IEA said global oil demand has slowed sharply amid economic turmoil, while the US, Brazil, and …