U.S. Oil Drillers Keep Pressure on OPEC With Record Shale Output

EghtesadOnline: Oil output from major U.S. shale plays is poised to reach a fresh record next month, further complicating OPEC’s efforts to support prices.

|

Publish Date:15/August/2017 | 10:35

Top Oil Market Summons Poseidon as U.S. Crude Vies With Mideast

EghtesadOnline: Poseidon is wading into the battle between U.S. crude and Middle East supplies in the world’s biggest oil market.

|

Publish Date:18/July/2017 | 04:53

Texas Drillers Face Threat of Too Much Oil, Too Few Pipelines

EghtesadOnline: Oil production in West Texas is about to outgrow pipeline capacity, a combination that knocked down crude prices in the region three years ago.

|

Publish Date:01/April/2017 | 19:31

U.S. Petroleum Exports Climb to Record as Crude Output Grows

EghtesadOnline: When it comes to petroleum, the U.S. is the land of plenty. The year 2017 started off with a bang for American oil companies as total crude and petroleum products exports rose to a record 5.69 million barrels a day in January, government data show.

|

Publish Date:01/April/2017 | 19:29

Oil Gains as Libyan Crude Drop Offsets What OPEC Curbs Couldn't

EghtesadOnline: Oil rose after a pipeline halt reduced output in OPEC member Libya, countering concerns that a U.S. surplus shows little sign of diminishing.

|

Publish Date:29/March/2017 | 13:14

Oil Drops for Week on U.S. Supplies Before OPEC, Allies Meet

EghtesadOnline: Crude oil had its third weekly loss in a month as OPEC and its allies prepared to meet for a review of their production cuts, while swelling U.S. stockpiles indicated the measures aren’t working yet.

|

Publish Date:25/March/2017 | 06:18

All drill, no frack: U.S. shale leaves thousands of wells unfinished

EghtesadOnline: U.S. shale producers are drilling at the highest rate in 18 months but have left a record number of wells unfinished in the largest oilfield in the country – a sign that output may not rise as swiftly as drilling activity would indicate.

|

Publish Date:24/March/2017 | 10:27

Race to Bottom on Costs May Cause Oil to Choke on Supplies

EghtesadOnline: Houston hosted two events this week: the nation’s largest energy conference and the town’s famous rodeo. They have more in common than you’d think.

|

Publish Date:11/March/2017 | 05:30

U.S. shale plots production growth despite OPEC's warning

EghtesadOnline: U.S. shale oil producers are plotting ambitious production growth outside the red-hot Permian Basin in Texas, widening a resurgence that could confound OPEC's strategy to tighten global supplies.

|

Publish Date:09/March/2017 | 08:08

Surprise Oil Price Cut Shows Saudis Are Trying to Fend Off U.S. Sweet Crude

EghtesadOnline: The oil is light, sweet and tempting, with a lot of it made in the U.S. Saudi Arabia’s trying to keep it away from the biggest crude buyers.

|

Publish Date:09/March/2017 | 06:15

A Fit U.S. Shale Industry Challenges OPEC Once Again

EghtesadOnline: When the who’s who of the oil industry met a year ago in Houston, Saudi Arabia’s energy minister had harsh words for U.S. shale drillers struggling with the worst price crash in a generation.

|

Publish Date:04/March/2017 | 04:56

Oil Prices Slip 1 Percent

EghtesadOnline: Oil prices fell about 1% on Friday as worries about rising US supplies outweighed OPEC pledges to boost compliance with output curbs.

|

Publish Date:26/February/2017 | 13:11

U.S. May Export More Oil in 2017 Than Four OPEC Nations Produce

EghtesadOnline: U.S. crude exports are poised to surpass production in four OPEC nations in 2017 and may grow even more if President Donald Trump honors pledges to ease drilling restrictions and maximize output.

|

Publish Date:02/February/2017 | 16:40

OPEC Helps Cheap U.S. Oil Find Its Way to Group’s Top Buyers

EghtesadOnline: Add Southern Green Canyon and Mars Blend to the growing list of American crude that’s challenging OPEC’s dominance in the world’s biggest oil market.

|

Publish Date:24/January/2017 | 04:42

U.S. crude oil stocks rise, while products draw down: EIA

EghtesadOnline: U.S. crude oil stocks unexpectedly rose last week, while gasoline and distillate product inventories dropped, the U.S. Energy Information Administration said on Thursday.

|

Publish Date:30/December/2016 | 06:25

U.S. oil, gas reserve-based loans rise by 5 pct

EghtesadOnline: U.S. oil and gas companies are seeing their credit limits expand for the first time in two years as improving oil prices increase the value of their reserves against which banks lend.

|

Publish Date:30/December/2016 | 06:11

Obama Bans Oil Drilling on Millions of Acres of Ocean

EghtesadOnline: Outgoing US President Barack Obama has permanently banned offshore oil and gas drilling in the "vast majority" of US-owned northern waters.

|

Publish Date:22/December/2016 | 10:39

U.S. oil industry cheers Trump energy pick, seeks gas export boost

EghtesadOnline: The U.S. oil and gas industry on Wednesday welcomed President-elect Donald Trump's choice of former Texas Governor Rick Perry to head the U.S. Department of Energy, and wasted no time making its first specific request of him: to support increased exports of America's natural gas overseas.

|

Publish Date:15/December/2016 | 09:30

Trump faces dilemma as U.S. oil reels from record biofuels targets

EghtesadOnline: The Obama administration signed its final plan for renewable fuel use in the United States last week, leaving an oil industry reeling from the most aggressive biofuel targets yet as President-elect Donald Trump takes over.

|

Publish Date:28/November/2016 | 08:41

A $900 Billion Oil Treasure Lies Beneath West Texas Desert

EghtesadOnline: In a troubled oil world, the Permian Basin is the gift that keeps on giving. One portion of the giant field, known as the Wolfcamp formation, was found to hold 20 billion barrels of oil trapped in four layers of shale beneath the desert in West Texas, the U.S. Geological Survey said in a report on Tuesday.

|

Publish Date:16/November/2016 | 11:11