Saturday 5 September 2015
 
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US shale

Oil bull market seen as Brazil, Iraq cut output targets

Massive downward revisions to oil output in Brazil and Iraq have increased the risks for oil markets of going from the current feast to famine within just a few years, leading to a price spike that would give a new boost to the US shale industry

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Goldman cuts oil price forecasts for next 5 years

Goldman Sachs slashed its crude oil price forecasts for 2016 to 2020, citing improved US shale efficiency meeting global oil demand, coupled with unimpeded Opec productivity. "We see global oil demand being met by U.S. shale,

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Oil rallies over US shale production dip

Crude prices rose on Tuesday after the US Energy Information Administration said it expected US shale oil output to record its first monthly decline in over four years. Front-month Brent crude futures were trading up 34 cents a $5

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Canadian crude perfect partner to US shale: Kemp

US refineries are processing record quantities of heavy crude from Canada as the perfect complement to light oils from North Dakota and Texas as they struggle to keep their average blend steady. Crudes vary enormously - from low-d

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As oil prices tank, new era of abundance seen dawning

As oil production swells, demand falters and prices slide, the global oil market appears on the verge of a pivotal shift from an era of scarcity to one of abundance. Oil prices have fallen as much as 20 percent since June, despite

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Despite Saudi pledge, new oil outage would strain supply

The world's unused spare oil production capacity would struggle to cover for another big outage, industry officials and analysts say, increasing the chance governments may tap strategic reserves should Iraq's southern exports be disrupte

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Saudi to dominate oil scene in years to come

Ever since 2011, Brent oil has been trading at above $100 per barrel and, had it not been to Saudi Arabia’s intervention to step up production, prices would have been much higher. Like any other commodity, global price of oi

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