Tags - US shale oil

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.

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

U.S. Shale's Favorite Financial Trick Is Getting Less Attractive

EghtesadOnline: Oil bulls, take heart! U.S. drillers have dramatically reduced their hedging activity, a move that could portend a break in the production gains that have upended global crude prices.

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Publish Date:14/May/2017 | 03:51

Oil Prices Ease

EghtesadOnline: Oil prices hit their lowest in 11 days on Tuesday on news that US shale oil output in May is expected to post the biggest monthly increase in more than two years, fuelling concerns that US production growth is undermining efforts to cut oversupply.

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Publish Date:19/April/2017 | 10:57

Newest Texas Refineries Plan to Turn Shale Into Fuel for Mexico

EghtesadOnline: The newest oil refineries in Texas are looking to join the hottest two plays in the North American oil industry.

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Publish Date:29/March/2017 | 14:02

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.

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

America's Shale Gas Selling at Record Prices to Overseas Buyers

EghtesadOnline: A year after Cheniere Energy Inc.’s Louisiana terminal shipped the first exports of U.S. natural gas from shale, cargoes from the facility are fetching higher prices than ever.

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Publish Date:20/March/2017 | 13:49

Falih: No Free Ride for US Shale Producers

EghtesadOnline: Senior Saudi energy officials told top independent US oil firms in a closed-door meeting this week that they should not assume OPEC would extend output curbs to offset rising production from US shale fields, two industry sources told Reuters on Thursday.

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Publish Date:11/March/2017 | 16:46

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.

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

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.

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

The U.S. Shale Boom Is Slowing Down

EghtesadOnline: Oil explorers reduced rigs drilling in U.S. oilfields this week, fueling optimism that a shale slowdown and OPEC production cuts will be enough to deflate a glut and strengthen crude prices.

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Publish Date:06/August/2017 | 06:37

Oil in the $50s Is New Reality for CEOs Gathering in Russia

EghtesadOnline: A crude price in the $50s is the new reality for bosses of some of the world’s largest producers as output caps from OPEC and its allies are balanced out by rising U.S. shale.

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Publish Date:03/June/2017 | 03:55

Oil prices fall as U.S. rig count stokes oversupply worries

EghtesadOnline: Oil futures dipped on Monday as a higher U.S. rig count indicated rising shale output and stoked worries about global oversupply, while a stronger dollar also pressured prices.

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Publish Date:03/April/2017 | 04:55

Oil prices hold steady for third day; eyes on economic data

EghtesadOnline: Oil prices were little changed for a third session on Tuesday, with investors searching for direction as concern over rising U.S. shale output offsets production cuts by OPEC and non-OPEC members.

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Publish Date:07/March/2017 | 05:42

Oil Declines on Speculation U.S. Supply Gains Will Counter OPEC

EghtesadOnline: Oil fell a third day after industry data showed U.S. crude stockpiles surged, raising speculation rising supply from U.S. shale producers is offsetting cuts by OPEC.

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Publish Date:08/February/2017 | 08:31