The Permian basin, the largest oil producing basin in the US, was the most affected play in the country during the COVID-19 pandemic times. However, production of crude oil and natural gas from this play is likely to exceed the pre-pandemic levels by 2022 amid market recovery from the pandemic, says GlobalData, a leading data...Continue Reading
US tight oil operators have for several months been depleting their inventory of drilled but uncompleted wells (DUCs) and, amid a slower drilling response, the number of ‘live’ DUCs in the country’s major oil regions slumped to 2,381 wells in June 2021, the lowest level since 2013, a Rystad Energy analysis reveals. SourceContinue Reading
A New Civil War Would Decimate Colombia’s Oil Industry | OilPrice.com Matthew Smith Matthew Smith is Oilprice.com’s Latin-America correspondent. Matthew is a veteran investor and investment management professional. He obtained a Master of Law degree and is currently located… More Info Premium Content By Matthew Smith – Aug 03, 2021, 5:00 PM CDT The strife-torn South...Continue Reading
Iran Uses Iraq To Tie Lebanon Into Massive Power Plan | OilPrice.com Simon Watkins Simon Watkins is a former senior FX trader and salesman, financial journalist, and best-selling author. He was Head of Forex Institutional Sales and Trading for… More Info Premium Content By Simon Watkins – Aug 03, 2021, 4:00 PM CDT Iran has...Continue Reading
Small Crude Inventory Draw Disappoints Markets | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – Aug 03, 2021, 3:38 PM CDT The American Petroleum Institute (API) on Tuesday reported a draw in...Continue Reading
ConocoPhillips Beats Q2 Profit Estimates As Oil Prices Rise | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Aug 03, 2021, 3:30 PM CDT ConocoPhillips (NYSE: COP) reported on Tuesday second-quarter earnings beating analyst estimates on the back of higher commodity prices and higher oil and...Continue Reading
There’s A New Battery King And It’s Minting Billionaires Faster Than Google | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com. More Info Premium Content By Alex Kimani – Aug 03, 2021, 3:00 PM CDT After an almost surreal 15-month stretch that saw its market value balloon...Continue Reading
Will Biden’s Infrastructure Plan Threaten The U.S. Oil Industry? | OilPrice.com Tom Kool Tom majored in International Business at Amsterdam’s Higher School of Economics, he is Oilprice.com’s Head of Operations More Info Premium Content By Tom Kool – Aug 03, 2021, 2:00 PM CDT Much was made about the impact of Biden’s infrastructure bill on...Continue Reading
Fire At Tesla’s Mega Battery Finally Extinguished After Four Days Of Burning | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Related News By ZeroHedge – Aug 03, 2021, 1:30 PM CDT Four days ago, we reported a shipping container-sized Tesla Megapack battery unit at the world’s largest...Continue Reading
DUC Well Inventory Plunges As Drillers Frack More Than They Drill | OilPrice.com Rystad Energy Rystad Energy is an independent oil and gas consulting services and business intelligence data firm offering global databases, strategy consulting and research products. Rystad Energy’s… More Info Premium Content By Rystad Energy – Aug 03, 2021, 1:00 PM CDT US...Continue Reading
