At the end of May 2022, we saw a sharp decrease in U.S. crude inventory levels of 5.1 million barrels compared to the expected decrease of 1.3 million barrels. In response to the decrease in inventory and the sanctions on Russian oil, U.S. shale production is set to increase in the month of July by […]
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The United States’ oil and gas sector has proved to be incredibly resilient time and time again and following the devastating effects from COVID-19 in 2020 they’ve shown a new discipline to strengthen balance sheets, pay down debt and pay dividends to their shareholders. Traditionally the U.S. shale patch would immediately start boosting production after […]
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Over the past few months, there has been a drastic increase in U.S. shale producers’ race to acquire drilling permits from the Federal Government. This is due to the upcoming November presidential elections and concerns that a win by Joe Biden could mean a crackdown on oil and gas exploration. According to Reuters, “As of […]
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U.S. shale production has sustained a years-long boom of rapid growth, but that appears to be coming to an end sooner rather than later. Following a mixed bag of earnings reports from shale executives, the common belief is that the growth frenzy is slowing down and coming to an end. According to World Oil, “The […]
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The fall in oil prices at the end of last year combined with pressure from investors has led to a slowdown in the U.S. shale industry.
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Oil prices fell more than 1% yesterday hitting 14 month lows after reports of an increase in U.S. inventories along with surging shale output.
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