Should OPEC Worry About Contango, Backwardation?

John Kemp, Reuters

Market rebalancing will be accompanied by a shift from contango to backwardation, but that will be a symptom of falling inventories not the cause.

US Shale Oil, Gas Production Still Rising

Velda Addison, Hart Energy

The latest EIA drilling productivity report shows shale oil and gas production rising to 5.4 MMbbl/d and 22 MMcf/d, respectively, in June.

Saudi Oil Wealth Remains A Magnet For Western Leaders

John Kemp, Reuters

On the whole, the arrangement has suited both sides very well for the last 40 years.

ExxonMobil, Employees Donate Millions To US Colleges, Universities

Velda Addison, Hart Energy

More than $50 million was donated to more than 850 institutions in the U.S.

OPEC Signals Cuts Extension, Oil Traders Ponder Response

John Kemp, Reuters

If OPEC decides to roll over its current agreement for a further six months without substantial changes, the decision may not boost prices much.

OTC 2017: Technology, Innovation Add To Optimism For Offshore Sector

Velda Addison, Hart Energy

When it comes to showcasing what the industry has to offer, OTC never disappoints.

Rising US Oil Production Knocks OPEC Off Course

John Kemp, Reuters

U.S. crude production is increasing at an annual rate of more than 1 MMbbl/d, comparable to the boom of 2012-2014.

Global CO2 Emissions Stall Despite Growing Global Economy

Velda Addison, Hart Energy

Emissions from the energy sector in 2016 remained at 32.1 gigatonnes, the same level as in 2014 and 2015, according to the IEA.

Drilling Costs Rise As US Oil, Gas Activity Picks Up

John Kemp, Reuters

Drilling costs increased by 7% between November 2016 and March 2017, according to preliminary data on producer prices from the U.S. Bureau of Labor Statistics.

Economist: 2017 Will Be Year Of Recovery For Texas Oil, Gas

Velda Addison, Hart Energy

Higher commodity prices have increased the value of Texas oil and gas as companies have put more people back to work for the upstream sector.

China’s Crude Imports, Refinery Output Are Somewhat Deceptive

Clyde Russell, Reuters

March imports were 9.17 MMbbl/d, well above December’s previous record of 8.57 MMbbl/d.

Reconsideration Of Existing Regulations Set To Significantly Impact Oil And Gas Industry In The Long Term

EnerKnol Research

The prospects of additional oil and gas activity on federal land comes as a boon for the industry that has suffered from low oil prices in recent years.