Can Utica Shale Really Compete With the Permian?

Can Utica Shale Really Compete With the Permian?

The Utica shale has for years been known as a gas-producing play. But this may be about to change as one company reports promising results from its oil well offensive in the area.EOG has been drilling in the Utica shale for months now, and it just reported that the...
Oil Stabilizes on Small Crude Draw

Oil Stabilizes on Small Crude Draw

Crude oil prices recovered lost territory today after the U.S. Energy Information Administration reported an inventory draw of 1.4 million barrels for the week to May 3.This compared with a build of 7.3 million barrels estimated for the previous week that pressured...
Will OPEC+ Extend Oil Production Cuts?

Will OPEC+ Extend Oil Production Cuts?

By John Kemp, senior energy analyst at ReutersSaudi Arabia and its allies in OPEC? are likely to keep oil production unchanged for a further three months when ministers review output allocations on June 1. The tightening of petroleum supplies and depletion of...
Why the IEA is Wrong About Peak Oil Demand

Why the IEA is Wrong About Peak Oil Demand

It is fairly common nowadays to see relatively near-term estimates for a point at which demand for petroleum-based fuels begins to decline. The term often used to describe this “tipping point” is Peak Oil Demand. When I say “near term,” I mean right around the corner...