Until recently, U.S. shale producers across the board have exercised production restraint due to market uncertainty and pressure from investors to practice capital discipline, but now a production surge in the prolific Permian Basin is leading recovery in the country’s shale patch. As the energy crunch ... READ MORE >
oil production
3 things to know in energy: OPEC+ stalemate, carbon capture, labor shortages
Biweekly, we highlight three things going on in the energy industry that we think you should know about. Our focus this week is on OPEC+ oil production discussions, the use of carbon capture projects, and labor challenges within the industry. Here’s the latest. 1. OPEC+ stalemate As the world ... READ MORE >
3 things to know in energy: signs of oil upswing, petrochemicals in Canada, Biden’s jobs plan
Signs are emerging that the oil industry is on an upswing, a nascent program in Canada to stimulate growth in Alberta’s petrochemicals sector just awarded its first grant, and clean energy is a core part of Biden’s proposed American Jobs Plan. Biweekly, we round up news and analysis about three things ... READ MORE >
CHART OF THE DAY: Fracking gives Texas and New Mexico swing-state status
Crude oil prices have unquestionably crashed through their two-year downtrend. The price of West Texas Intermediate bottomed out last April and has moved consistently higher since October, reaching $60.31 per barrel in the latest trading. This last push coincides with the reopening of more fracking ... READ MORE >
3 things to know in energy: OPEC+ cuts, U.S. oil exports to India rise, carbon trading in Canada
OPEC+ surprised some in the energy market with its recent decision to extend oil production cuts, the United States is now India’s No. 2 oil supplier, and Canada’s government is embarking on creating a federal carbon trading marketplace. Biweekly, we round up news and analysis about three things going ... READ MORE >
3 things to know this week in energy: Texas’ grid, oil prices and Canadian crude-by-rail exports
All eyes remain on Texas and the state’s energy grid operator in the aftermath of a devastating winter storm, oil prices responded positively to the U.S. House passing a new COVID-19 relief bill, and Canadian crude-by-rail exports are rebounding after a rough 2020. Biweekly, we round up news and ... READ MORE >