• Shale Revolution 3.0: Saudi Arabia Edges Toward Buying Into Booming U.S. Shale LNG Sector

    • Date: 10/01/19
    • The Wall Street Journal

    Saudi Arabia is nearing a deal to invest in U.S. liquefied natural gas, a landmark decision for the kingdom, which in the past had been a huge supplier of energy to America. America’s shale revolution has broken years of dependence on Middle Eastern oil, to the extent that the International Energy Agency expects the U.S. to […]

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  • Germany Wobbles on Russian Gas Pipeline as Trump Pressure Starts to Bite

    • Date: 08/01/19
    • Bloomberg

    Support in German Chancellor Angela Merkel’s coalition for a major new Russian gas pipeline is slipping as frustration with the Kremlin’s brinkmanship grows and pressure from U.S. President Donald Trump starts to bite. Nord Stream 2, an $11 billion project that will double the natural gas supply under the Baltic Sea to Germany, faces growing […]

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  • Swimming In Cheap Oil: Goldman Cuts Oil Price Forecasts, Citing US Shale Resilience

    • Date: 08/01/19
    • Bloomberg

    Goldman Sachs Group Inc. cut its oil price forecasts for 2019, citing a re-emerging surplus of oil and resilient U.S. shale production. Global benchmark Brent crude will average $62.50 a barrel this year, analysts including Damien Courvalin said in a Jan. 6 note, down from a previous estimate of $70. U.S. marker West Texas Intermediate […]

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  • Oil Has Plunged More Than 40% Since 4-Year High in October

    • Date: 30/12/18

    Oil in London dipped below $50 a barrel for the first time since July 2017 before recovering as the market turmoil and worries over U.S. supply countered signs the OPEC+ coalition may extend or deepen output cuts. Futures fell as much as 1.1% on Wednesday on the first day of trading after Monday’s 6.2% drop. Russian Energy […]

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  • America’s Oil And Gas Reserves Double With Massive New Permian Discovery

    • Date: 23/12/18
    • Ariel Cohen, Forbes

    America’s energy security just got a lot more secure. The United States Geological Survey estimates that over 46 billion barrels of oil, 280 trillion cubic feet of gas, and 20 billion barrels of natural gas liquids are trapped in Permian shale formations. On November 28 The United States Geological Survey (USGS) published an assessment of continuous (unconventional or […]

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  • Shale Under Pressure As Oil Falls Below $50

    • Date: 18/12/18
    • Nick Cunningham, OilPrice.com

    The OPEC+ cuts still are not doing very much to boost oil prices, dashing hopes for many U.S. shale producers. With companies in the process of formulating their budgets for 2019, the prospect of $50 oil sticking around raises questions about the heady production figures expected from the shale patch. The IEA expects U.S. oil […]

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  • Oil Price Drops As US Shale Growth Undermines Opec+ Cuts

    • Date: 17/12/18
    • Bloomberg

    Oil settled below $52 a barrel in New York, more than a $1 lower than where it ended a week ago after Opec and its allies announced output cuts, as traders weighed incremental US shale growth against softer demand for 2019. Saudi Arabia’s plan to slash exports to the United States next month is shoring […]

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  • Around the World, Climate Goals Clash With Reality

    • Date: 13/12/18
    • The Wall Street Journal

    As negotiators at United Nations climate talks in Poland this week hammer out a rulebook to curb greenhouse-gas emissions, some of the biggest boosters of the 2015 Paris accord are undermining efforts back home to curb global warming. China is ramping up coal-fired electricity generation despite pledges to cut emissions, according to clean-energy advocates. Canadian provinces […]

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