• 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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  • World Biggest Investors Raise Coal Holdings (Despite Their Green PR Campaigns)

    • Date: 09/12/18
    • Financial Times

    The world’s biggest investors, including BlackRock, Vanguard and Axa, have ramped up holdings in coal since the landmark Paris climate agreement, raising the question of how seriously they take the issue of tackling global warming. The UN’s Intergovernmental Panel on Climate Change said in October that coal use would have to be heavily reduced to […]

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  • USGS Announces Largest Shale Oil And Gas Field Ever

    • Date: 08/12/18
    • US Geological Survey

    USGS announces an assessment of continuous oil and gas in Texas and New Mexico’s Delaware Basin, the largest USGS has ever conducted, with an estimate of 46.3 billion barrels of oil and 281 trillion cubic feet of natural gas. Assessment units of the Wolfcamp Shale and Bone Spring Formation in the Delaware Basin of Texas […]

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