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Results for
shale
39 Results-
Oil demand is recovering, but industry remains cautious, says Baker Hughes chief
Demand for oil is continuing to rise following a dramatic plunge last year due to COVID-19, but the industry is taking a cautious approach to the ... Energy -
Here’s why no one is buying US shale oil assets
Since the start of the year, 57 oil production and oilfield services companies have filed for Chapter 11 bankruptcy protection. Many more bankruptcies ... Energy -
US shale drillers already reopening shut oil wells, says pipe giant
Some drillers in the biggest North American oil field are reopening wells shut in response to the pandemic-driven price collapse, according to ... Energy -
US shale oil firms say oil price of $30 per barrel enough to start fracking new wells
A pair of prominent shale producers said all they need is oil around $30 a barrel to consider bringing back curtailed crude output and fracking new ... Energy -
Texas oil regulators formally dismiss proposal for mandatory output cuts
Texas oil regulators on Tuesday formally dismissed the proposal for government-mandated production cuts, after a motion submitted by Commissioner Ryan ... Energy -
The US created a deathtrap for its own oil industry in Cushing, Oklahoma
The onslaught of frenzied selling of US crude oil this week, which seems to be continuing even after the expiry of the May futures contract, will ... Opinion -
The case for a new Saudi oil policy in a reborn global energy market
As oil prices started cratering last month, a group of US lawmakers from the southern oil-producing states accused Saudi Arabia of working to destroy ... Opinion -
Coronavirus: Texas oil producers clash on supply cut after historic OPEC+ deal
US oil producers clashed over whether to contribute to global oil cuts in a lengthy debate organized by the Railroad Commission of Texas in the wake ... Energy -
Saudi Arabia had no intent to damage US shale oil industry: Energy minister
Saudi Arabia had no intention “to create any type of damage” to the US shale oil industry, the Kingdom’s Energy Minister Prince Abdulaziz bin Salman ... Energy -
First US shale oil company files for bankruptcy amid coronavirus, price war
Whiting Petroleum Corporation, a Denver-based shale oil firm, said it was filing for Chapter 11 bankruptcy due to the “severe downturn in oil and gas ... Energy -
America’s unconventional energy revolution a hard act to follow
Horizontal drilling and hydraulic fracking propelled the United States into a state of energy abundance. These technological advances radically ... Middle East -
Shale oil output levels are currently ‘acceptable’: Russian Energy Minister
Russian Energy Minister Alexander Novak told Al Arabiya on Monday that US shale oil output is slowing down and that current levels are ... Energy -
IEA concerned about Middle East tensions, stands ready to act
The International Energy Agency (IEA) is very concerned about the impact that tensions in the Middle East may have on global energy security and will ... Energy -
Goodbye Qatar: What next for OPEC?
And so it came to pass, with one of OPEC’s members smallest producers – Qatar – making its surprise announcement that, effective ... Energy -
Petrochemicals: Leveraging Saudi Arabia’s Sweet Spot
Saudi Arabia’s efforts to broaden its share in the global petrochemicals market since the 1990s are paying off. An early start has given the ... Gulf -
Sources: Saudi Aramco plans expansion in India with new unit
Oil giant Saudi Aramco will open an Indian subsidiary next week, three sources said, as the top global oil exporter looks to tap rising demand and ... Energy -
US plan to sell oil reserve shows declining import needs
President Donald Trump’s proposal to sell half of the US strategic oil reserve highlights a decline in the biggest oil user’s reliance on ... Energy -
Oil rebounds from one-month low on hopes for output cut extension
Oil prices rebounded on Friday after dropping to a one-month low the previous day, prompting investors to buy at cheaper levels ahead of a May OPEC ... Energy -
Oil edges higher as OPEC boost offsets dent from US supply
Oil edged higher on Wednesday as OPEC said it was committed to eroding a global surplus of crude, but increasing shale production in the United States ... Energy -
Oil prices hit lowest since November on expanding US inventories
Oil prices slipped to almost four-month lows on Wednesday after data showed US crude inventories rising faster than expected, piling pressure on OPEC ... Energy -
Saudi Arabia says another OPEC cut possible in 2017
Oil prices are trading over $50 a barrel, nearly double the level they were a year ago Energy -
UK gives go-ahead to second-ever shale gas permit
Go-ahead for Cuadrilla to carry out hydraulic fracturing, or fracking, at a site in northwest England Business -
An oil policy for the long haul: How Saudi Arabia protects its market share
Saudi Arabia’s decision not to cut oil production in reaction to the fall in oil prices is rooted in its own economic interests Energy -
Could current oil prices be the new normal?
True to form, no sooner have sanctions been lifted then Tehran has moved to decisively ramp up energy production, the lifeblood of its struggling ... Middle East -
Oil sinks to two-month lows
The news renewed concerns over a global supply glut Energy -
Badri: OPEC says shale ‘not a challenge’
OPEC secretary-general says organization could not ‘subsidize’ shale Energy -
Oil near 6-year low, Brent trades at par to U.S. crude
Traders were searching to store the glut of oil, which has knocked down prices 60 percent in the last six months Energy -
Algeria looks to invest $70 bln in shale gas over 20 years
The firm intends to press ahead with its plans despite huge public opposition in the In Salah area Energy -
The crude reality of declining crude oil prices
The sharp decline in oil revenues could force both Russia and Iran to review and maybe reduce their financial support for the Assad regime Middle East -
Declining oil prices: OPEC vs. (future) Shale?
This is not a fight between OPEC and U.S. shale oil. It’s a battle between OPEC and future shale Opinion