Bakken Shale Driving US Oil Production Growth
The Bakken Shale is fueling an upturn in fortunes for the US oil industry and could be the prime driver of oil production growth in the US over the next decade.
Articles Tagged "eia"
Oil Market Q4 Outlook
Analysts see Brent prices easing and WTI ending the year where it began, but do not rule out more volatility over Q4.
2011 Oil Market Trends
Spread between WTI and Brent crude the emerging oil story of 2011.
Oil Prices to be Volatile
Oil prices eased modestly early on March 28 after advancing rebels in Libya announced that they would be able to resume crude exports in a week and Qatar promised to help them market their product on world markets.The price remains 8 percent higher than it was a month ago, and 30 percent higher than a year ago, challenging global economic recovery.
China and Shell to Explore Canadian Oil Sands
As China demonstrates its political clout at the G20 summit in Seoul, the country continues to make headlines in economic and energy news as the China National Petroleum Company (CNPC) has made an agreement with Shell to develop oil sands. CNPC, the parent of PetroChina, reported that its president, Jiang Jiemin and Royal Dutch Shell Plc (NYSE:RDS.B)CEO Peter Voser signed a memorandum of agreement in Beijing on "integrated co-operation" of oil and gas projects in Canada and coal bed methane development in China.
Upstream Oil Investments Could Unlock Strong Long Term Value
The month of October is National Energy Awareness Month, and amid the precursory anticipation of trick or treat customs, this month offers a chance to consider some worthwhile investment opportunities in this sector.
More Oil and Gas Trouble in the Gulf of Mexico
An oil and gas production rig known as Vermilion Oil Platform 380 owned by Mariner Energy Inc. (NYSE:ME) off the coast of Louisiana was on fire Thursday.
Oil Spill to Static Kill: The Saga Continues in the Gulf of Mexico
British Petroleum (NYSE:BP) has won approval from the U.S. government for the latest step to start pumping cement into its damaged Gulf of Mexico oil well and the company is currently in a disagreement over a regulatory filing that could indemnify or limit the liability of a company’s contract from penalties and liabilities other than for contamination resulting from operations controlled by the rig owner on or above the surface of the water.
Russia and Middle Eastern Oil Sources Competing for Asian Business
Japanese and South Korean refiners have increased oil purchases from Russia, eroding the dominance of Middle Eastern suppliers and electing for a more competitive crude source that is three weeks closer by ship. While Russian exports have surged over the last 6 months, the Middle East remains dominant, with total Middle East output in June around 19.9 million barrels, while Russia’s output was 10.3 million barrels, peaking at 330,000 barrels a day in June.
Oil Prices Climb on Supply Concerns and Bernanke Comments
Oil prices gained as much as 1 percent with analysts offering further support; expecting a decline of 1 million barrels of U.S. oil supplies from 363.2 million last week. Oil inventories have not fallen nationwide for two consecutive weeks since January.
