Industry News

Goldman: Don’t Bet Against Oil

date May 17, 2018
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Goldman: Don’t Bet Against Oil

Oil Price | Nick Cunningham Strong market fundamentals continue to prove U.S. crude is a valuable investment. Hedge funds and other money managers have cut their long positions for several consecutive weeks, perhaps as a […]

U.S. Shale Oil Production Rises At Record-Breaking Rate

U.S. Shale Oil Production Rises At Record-Breaking Rate

Oil Price | Irina Slav U.S. oil production is at a record levels powered by West Texas shale output. Shale oil production in the United States will rise by a record-breaking 144,000 bpd from May […]

EIA: US Shale Output To Rise To Record 7.18MMpd In June

EIA: US Shale Output To Rise To Record 7.18MMpd In June

Reuters| Staff Shale oil output is set to rise in June, with Eagle Ford reaching its highest production levels in over two years. U.S. shale production is expected to rise by about 145,000 barrels per […]

Oil rises as Trump tells buyers to cut back on Iranian crude

date May 9, 2018
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Oil rises as Trump tells buyers to cut back on Iranian crude

Bloomberg | Grant Smith and Jessica Summers With President Trump’s recent decision to withdraw from the Iran deal, oil prices rose to a three year high. Oil rose to a three-year high after the U.S. […]

Oil prices surge above $70 a barrel – 05.07.18

Oil prices surge above $70 a barrel – 05.07.18

Houston Chronicle | Collin Eaton Oil prices are currently at their highest since 2014. U.S. oil prices vaulted above $70 a barrel in early trading Monday, reaching that level for the first time since November […]

Foreign appetite for U.S. oil growing, IEA finds

Foreign appetite for U.S. oil growing, IEA finds

UPI | Daniel J. Graeber According to the IEA, foreign interest is growing for U.S. oil. Most of the oil coming from U.S. shale basins will find its way out of the domestic market and […]

Texas sees unparalleled economic boom from oil prices

Texas sees unparalleled economic boom from oil prices

KRISTV | Greg Chandler Oil prices are expected to stay stable through 2018. After bottoming out at less than $30 a barrel in January 2016, crude prices closed April at almost $69. Industry experts expect […]

Texas oil production climbs to all-time high

Texas oil production climbs to all-time high

Bloomberg | Sheela Tobben Texas is leading the U.S. in oil production which in turn is influencing the overall growth of U.S. oil production. Oil drillers are working extra hard with crude prices rising near […]

Oil Prices Rise Despite Surprise U.S. Stockpile Gain; Production Up

Oil Prices Rise Despite Surprise U.S. Stockpile Gain; Production Up

Investor Business Daily | Bill Peters Growing global energy demand is being met with a rise in West Texas shale oil production. Oil prices finished higher Wednesday despite a surprise increase in U.S. crude supplies […]

Oil prices rebound as U.S., China trade tensions ease for now

Oil prices rebound as U.S., China trade tensions ease for now

MarketWatch | Myra Saefong U.S. prices are beginning to rise with news that U.S.-China tensions are lessening and in anticipation of the EIA Short-Term Outlook coming out this week. Oil prices settled higher Monday, to […]