Industry News From Around the Web

  • Oil prices rebound as U.S., China trade tensions ease for now
    April 9, 2018
    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 recover much of what they lost last week, as U.S.-China tensions appeared to ease. On Monday, crude oil tracked global stock prices ...
  • How the Shale Boom Has Kept the U.S. Afloat
    March 21, 2018
    Bloomberg | Justin Fox Shale oil production is having a positive impact on U.S. trade balance. The U.S. current account deficit grew a bit at the end of last year, to $128.2 billion in the fourth quarter from $101.5 billion in the third quarter, according to data released today by the Bureau of Economic Analysis. That amounts ...
  • U.S. Shale Drillers To Become Profitable For The First Time
    March 17, 2018 | Nick Cunningham Rising demand and prices will spur U.S. shale companies towards a record year of profitability. U.S. oil companies have stepped up their hedging for 2018 production, locking in sales at higher prices. In the fourth quarter, U.S. producers increased the share of their 2018 output secured under hedges to 48 percent, up from ...

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