Frac Sand Shortage Threatens Shale Boom

Higher drilling costs could threaten the recent surge in United States shale production.  Halliburton said last week that its earnings could be negatively impacted because of bottlenecks related to the supply of frac sand used in shale drilling. The Wa…

Saudi Arabia Wants $70 Oil

As the global oil inventory surplus narrows and the goal of the OPEC cuts is within reach, the oil cartel is mulling a change in the way it defines success, with an eye on keeping the current production limits in place at least through to the end of th…

OPEC And Shale Keep Oil Prices Between $60-$75

The interaction between U.S. shale and OPEC will continue to be the dominant narrative in the oil market this year, and the opposing forces could end up trapping oil prices within a relatively narrow price band. Market sentiment has shifted quite a bit…

Is This The Future For OPEC?

OPEC and Russia, along with other countries participating in the oil production cuts aimed at balancing the market, are looking to create a “super group of oil producing countries,” according to a report from The National. The move would institutionali…

Clean Energy Stocks Outperform Oil And Gas

The top 200 companies who generate the bulk of their revenue from clean energy have offered juicier returns to investors over the past 18 months than their counterparts in fossil fuels. A new report from As You Sow and Corporate Knights finds that not …

Shale Industry May Finally See Some Profits

Not only is U.S. shale set to grow at a torrid pace, but the industry might actually make some money for once. Profits have eluded the shale industry for years, and drillers burned through more cash than they generated even when oil prices were above $…

Is History Repeating Itself In Oil Markets?

Back in 2014, U.S. shale production was growing so fast that it ended up crashing the market. Now, history could be repeating itself. That was the warning from the International Energy Agency, which said in its latest Oil Market Report that a “second w…

Is This The Beginning Of A Downturn In Oil?

Oil just posted its worst week in more than two years — WTI lost 9.5 percent and Brent lost 8.5 percent. The last time the two oil benchmarks fell by that much in a single week was early 2016 when the oil market was in serious turmoil and prices dipped…

OPEC Unfazed As Rivals Boost Oil Output

In the aftermath of the wave of aggressive forecasts for supply growth from U.S. shale lately, OPEC added its voice to the mix on Monday, acknowledging that its American rivals would add more oil onto the market than it previously expected. According t…

Oil Prices: Collapse Now, Spike Later

Oil prices closed out the week sharply down, wiping out all the gains posted since the start of the year. Surging U.S. shale production, along with broader financial turmoil, has clearly put an end to the bullish mood in the oil market. U.S. shale stru…