Commentary: Can North America unconventionals replace lost Mideast oil?
Since Egyptian President Hosni Mubarak fell from power in February 2011, U.S. and Canadian oil production has risen by a total of 2.57 million barrels a day. That’s three times that amount of oil...
View ArticleWall Street believes Iranian oil will return
For now, oil traders see the U.S. deal to curb Iran’s nuclear program as the first step of many that could lead to the return of Iranian oil to the market – a prospect that’s sinking prices Monday.
View ArticleUS oil boom will slow in 2015, feds forecast
U.S. daily crude production will slow next year for the first time since the nation’s shale oil boom began in earnest, according to a new federal forecast.
View ArticleOil demand won’t peak for decades, Valero CEO says
growing need for transportation fuels in developing countries will stave off a peak in global oil demand over the next decade, despite shrinking oil use in the U.S. and other mature markets, panelists...
View ArticleConocoPhillips CEO: US crude keeping a check on global oil price spikes
Geopolitical turbulence in the Middle East would have created a spike in global oil prices if not for the rise of light-crude in the United States and oil sands in Canada, ConocoPhillips CEO Ryan Lance...
View ArticleWhy Keystone XL Still Matters – 6 Years and Counting
Today marks the six year anniversary for TransCanada’s application for a presidential permit to build the remaining portion of the Keystone Pipeline system, better known as Keystone XL. After six long...
View ArticleEuropean chemical industry importing U.S. shale gas
As the U.S. chemical sector grows and expands, fueled by a surge in domestic gas production, the European chemical industry is stagnating, plagued by high production costs and a lack of investment in...
View ArticleU.S. oil rig count falls again
U.S. oil companies sidelined 24 oil-drilling rigs this week, according to Baker Hughes’ rig count released Friday, dropping the number of active oil rigs to 679.
View ArticleChina to cede top oil buyer spot back to U.S.
China’s new ranking shows how the U.S. shale boom is reshaping flows of oil around the world as suppliers hunt for buyers amid a global glut. A surge in American production is reducing the need for the...
View ArticleChina urges U.S.-Iran compromise 36 hours to nuclear deadline
After almost two years of negotiation, diplomats are closer than ever to sealing an accord that would return energy-rich Iran to world markets while giving regional rivals guarantees that the Islamic...
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