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Texas' Wolfcamp shale reserve may be largest ever assessed in U.S.

Energy News // 1 year ago

Texas' Wolfcamp shale reserve may be largest ever assessed in U.S.

With renewed focus on Texas shale deposits, regional bankers said they were planning a regional joint economic conference to discuss a new energy reality.

Oil prices resume decline on supply build

Energy News // 2 years ago

Oil prices resume decline on supply build

Crude oil prices reversed direction in early Wednesday trading to move lower after a report found a net increase in global crude oil supplies.

Energy spending cuts may usher in recovery

Energy News // 2 years ago

Energy spending cuts may usher in recovery

The decline in oil prices has led to a steep drop in spending, which could pull markets away from the supply side and lead to recovery, Fitch Ratings said.

Crude oil moves lower as pessimism sets in

Energy News // 2 years ago

Crude oil moves lower as pessimism sets in

Optimism over Chinese growth maturation evaporated Wednesday as markets measured long-term economic sentiments, pushing crude oil prices sharply lower.

EIA: Oil markets won't balance until 2017

Energy News // 2 years ago

EIA: Oil markets won't balance until 2017

The global market likely won't pull away from the supply side until at least 2017 as crude oil lingers in storage, the head of the EIA told U.S. lawmakers.

Small-scale solar power growing in the United States

Energy News // 2 years ago

Small-scale solar power growing in the United States

Small-scale solar installations in the United States account for about a third of the overall capacity on the grid, a report from the federal government said.

IEA: OPEC production highest in three years

Energy News // 3 years ago

IEA: OPEC production highest in three years

Output from Iraq, Saudi Arabia and the United Arab Emirates helped boost OPEC oil production to a three-year high, the International Energy Agency said Friday.

Middle East, Africa standouts in rig activity

Energy News // 3 years ago

Middle East, Africa standouts in rig activity

Activity in the exploration and production side of the energy sector increased only in the Middle East and Africa last month, Baker Hughes said Wednesday.

U.S. oil-by-rail overshadows Canada's

Energy News // 3 years ago

U.S. oil-by-rail overshadows Canada's

The volume of crude oil transported by rail in the United States is greater than the volume in Canada by a factor of nearly 9-to-1, federal data show.

Oil gets minor lift from U.S. data

Energy News // 3 years ago

Oil gets minor lift from U.S. data

An expected moderation in U.S. crude oil inventories helped stimulate oil prices Wednesday, briefly ending a short-term faltering in the seasonal rally.

No change in oil export policy, White House says

Energy News // 3 years ago

No change in oil export policy, White House says

There has been no change in U.S. policy regarding the export of domestically produced crude oil, the president's spokesman said.

Encana: U.S. shale tops agenda despite low oil prices

Energy News // 3 years ago

Encana: U.S. shale tops agenda despite low oil prices

Capital efforts in U.S. shale basins for 2015 are tailored to account for a "volatile price environment," Canadian energy company Encana said Tuesday.

Faith in oil prices faltering

Energy News // 3 years ago

Faith in oil prices faltering

Crude oil prices continued their steady decline Thursday after the previous down day despite signs of steady recovery in the U.S. labor market.

Oil prices slump in response to OPEC report

Energy News // 3 years ago

Oil prices slump in response to OPEC report

Crude oil futures suffered another blow Wednesday as OPEC in its monthly market report for December trimmed its forecast for global oil demand for 2015.

Energy News // 4 years ago

U.S. 'thinking through' potential oil exports

The White House is reviewing its policy options regarding legislation enacted in 1975 that restricts U.S. crude oil exports, a presidential assistant said.

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Quotes

What OPEC is doing might help a little, but ... it takes them a while
UPI Energy Watch Jan 22, 2009

In the U.S., one of the key ways of accomplishing this was determined (in the report) to be fuel economy standard for passenger vehicles and light trucks using existing technologies
Analysis: Energy security a global issue Aug 02, 2007

The impact on oil and the economy is extremely important
Analysts see economic shocks from Iraq war Nov 13, 2002

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