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 last week and another fresh high in crude production. The Energy Information Administration said U.S. crude inventories rose by 2.2 million barrels during the week ending April 20. Analysts polled by S&P Global Platts had forecast the government to report a 1.1 million-barrel drop in the nation’s oil stockpiles. On Tuesday, data from the American Petroleum Institute, a trade group, showed that crude supply increased 1.1 million barrels last week. Domestic production last week rose to 10.59 million barrels per day, a 46,000 barrel increase, according to EIA.
- Goldman: Don’t Bet Against Oil May 17, 2018
- U.S. Shale Oil Production Rises At Record-Breaking Rate May 15, 2018
- EIA: US Shale Output To Rise To Record 7.18MMpd In June May 14, 2018
- Oil rises as Trump tells buyers to cut back on Iranian crude May 9, 2018
- Oil prices surge above $70 a barrel – 05.07.18 May 7, 2018
Sanchez Energy News
- Shale Drillers To Torment OPEC Into Next Decade November 8, 2017
- Sanchez Energy: A Big Bet On Making American Oil Great Again January 25, 2017
- Sanchez Energy Announces Fourth Quarter and Full Year 2016 Operating Results; Additional 110,000 Acres Leased in the Western Eagle Ford January 23, 2017
- Sanchez Energy Announces 2017 Analyst Day January 17, 2017
- Sanchez Energy Announces Conference Call to Discuss Recently Announced $2.3 Billion Eagle Ford Transaction January 12, 2017