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Oilprice.com - Latest News [Page 2]
Huge Backlog Could Trigger New Wave Of Shale Oil
Wednesday, 23 January 2019, 10:21 am | Oilprice.com
The number of drilled but uncompleted wells (DUCs) in the U.S. shale patch has skyrocketed by roughly 60 percent over the past two years. That leaves a rather large backlog that could add a wave of new supply, even if the pace of drilling begins to slow. More >>
The Saudi Dilemma: To Cut Or Not To Cut
Wednesday, 5 December 2018, 10:04 am | Oilprice.com
To cut and push up prices or not to cut and preserve market share, this is the question that Saudi Arabia is facing ahead of this year's December OPEC meeting. It seems like just yesterday when OPEC met in 2016 and decided to cut production by 1.8 million ... More >>
Can We Expect A Major Rebound In Oil Prices?
Tuesday, 20 November 2018, 2:16 pm | Oilprice.com
After declining by more than 20 percent from the October peak, oil prices are showing some signs that they have now bottomed out. More >>
U.S. Shale Has A Glaring Problem
Wednesday, 24 October 2018, 8:58 am | Oilprice.com
Oil prices are down a bit, but are still close to multi-year highs. That should leave the shale industry flush with cash. However, a long list of U.S. shale companies are still struggling to turn a profit. More >>
Oil Price Rally Boosts Electric Car Sales
Wednesday, 10 October 2018, 12:45 pm | Oilprice.com
Tesla's competition is about to get more crowded next year with many legacy automakers and luxury brands launching a record number of battery electric vehicles and plug-in hybrids. More >>
The Downside For Oil Is Limited
Wednesday, 12 September 2018, 11:57 am | Oilprice.com
More than two weeks of nearly uninterrupted price gains for crude oil ended this week, with the rally running out of steam. The question is what happens next? More >>
Saudi Arabia And Iran Reignite The Oil Price War
Wednesday, 15 August 2018, 2:13 pm | Oilprice.com
The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers. The two countries are currently reigniting the market share and pricing war ahead of the returning ... More >>
Strong Dollar Could Cap Oil Prices
Saturday, 28 July 2018, 11:45 am | Oilprice.com
The strength of the U.S. dollar poses an obstacle to further gains in oil prices. More >>
The New Oil Cartel Threatening OPEC
Friday, 6 July 2018, 10:00 am | Oilprice.com
When reports emerged that India and China are in talks about forming an oil buyers' club, OPEC was probably too busy with its upcoming June 22 meeting to concern itself with that dangerous alliance. Now, it may be time for it to start worrying. More >>
The Fed Is Driving Down Oil Prices
Wednesday, 20 June 2018, 12:27 pm | Oilprice.com
The U.S. dollar has jumped to its strongest level in nearly a year, raising questions about how a strong greenback could act as a drag on debt and oil demand in much of the world. More >>
Emerging Market Meltdown Could Undermine Oil Rally
Friday, 1 June 2018, 10:14 am | Oilprice.com
Saudi Arabia and Russia just destroyed the oil price rally, potentially putting an end to all the speculation about what the group might do next. But higher production doesn't necessarily mean higher oil prices are entirely out of the question, and ... More >>
IEA: High Oil Prices "Taking A Toll" On Demand
Friday, 18 May 2018, 1:25 pm | Oilprice.com
Geopolitics has taken over the oil market, driving oil prices up to three-year highs. The inventory surplus has vanished , and more outages could push oil prices up even higher. Yet, there are some signs that demand is starting to take a hit as oil closes ... More >>
An Oil Price Rally Is Likely
Wednesday, 4 April 2018, 9:48 am | Oilprice.com
Oil prices seesawed at the start of the week before jumping close to multi-year highs on geopolitical concerns, with Brent hitting $70 and WTI at $65. However, geopolitical pressure is only able to influence oil prices to such a degree because the market ... More >>
Building The World's Largest Solar Project
Thursday, 29 March 2018, 4:42 pm | Oilprice.com
Saudi Arabia wants to pour $200 billion into solar to build the world's largest solar project. More >>
Oil Market Fears: War, Default And Nuclear Weapons
Saturday, 3 March 2018, 2:46 pm | Oilprice.com
The U.S. is one of the few areas of the world in which there is an energy investment boom underway, a development that could smooth out the uncertainties of geopolitical events around the world. At the same time, outside of the U.S., there is a deterioration ... More >>
Clean Oil That Only Costs $20
Thursday, 15 February 2018, 10:23 am | Oilprice.com
Oil production has risen by 5 million barrels per day (bpd) since 2010, an increase of nearly 100 percent. New technology, particularly techniques in shale oil drilling, has opened up vast new opportunities for oil and gas companies. More >>
Can The Shale Boom Avoid These Bottlenecks?
Saturday, 3 February 2018, 12:45 pm | Oilprice.com
Shale companies continue to drill at a frenzied pace, adding rigs and breaking U.S. oil production levels with each passing week. Yet, the oil production is becoming increasingly geographically concentrated. Not only is the Permian basin accounting ... More >>
So, You Think That You Know All There is to Know About Xmas?
Friday, 15 December 2017, 8:49 am | Oilprice.com
Maybe you string enough lights on your roof to give Clark Griswald a run for his money. Maybe you can identify mistletoe and holly in the wild, chop down your own Christmas tree, and know exactly how many Hallmark Keepsake ornaments they’ve issued ... More >>
The One Indicator OPEC Must Watch
Friday, 8 December 2017, 11:39 am | Oilprice.com
"We will not let go of our current approach until we reach a balanced market," Saudi oil minister Khalid al-Falih said Monday at a news conference in Riyadh. More >>
OPEC Will Extend The Cut
Tuesday, 28 November 2017, 8:45 am | Oilprice.com
There will be an OPEC deal extension—no matter the public tussling between opposing forces in the industry cartel—if the world's largest oil producers are really determined to end the supply glut. More >>
