The de facto OPEC leader can claim its highest oil production level in more than three decades.
The de facto OPEC leader can claim its highest oil production level in more than three decades.
James Stafford of oilprice.com takes a look at oil’s strong comeback in Western Canada.
Saudi Arabia’s short-term geopolitics is behind the fall in oil prices, and it’s not sustainable.
Private equity firms loan indebted oil firms badly needed funds in exchange for ownership stakes.
2014 proved to be a momentous one for the oil markets, having seen prices cut in half in just six months.
And yet on Nov. 27, OPEC refused to lower its production levels below 30 million barrels a day, adding to the oil glut that started with the US boom in high-quality shale oil.
Demand is exploding for “frac sand,” turning this segment into the top driver of value in the shale revolution.
OPEC’s Secretary-General Abdullah al-Badri tried to ease concerns, speaking at a conference in Abu Dhabi on November 10. “Please do not panic, things will fix itself,” he said.
Rig counts are starting to drop, but due to the long lead time for most oil projects, it could be a while before production begins to decline in a significant way.
Here are the bankruptcies that will be etched into the tombstones of failed energy fortunes for time immemorial.