Non-U.S. Shales Prove Difficult to Crack

Wall Street Journal By JUSTIN SCHECK and SELINA WILLIAMS After spending more than five years and billions of dollars trying to re-create the U.S. shale boom overseas, some of the world’s biggest oil companies are starting to give up amid a world-wide collapse in crude prices. Chevron Corp., Exxon Mobil Corp. and Royal Dutch Shell […]

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Tepid Drawdown, Weather Keeps Natural Gas Prices Below $3

Zacks By Nilanjan Choudhury   The U.S. Energy Department’s weekly inventory release showed an in-line decrease in natural gas supplies. However, the storage draw was significantly lower than the benchmark 5-year average withdrawal for the week. As a result, the commodity’s stockpiles still remain plentiful, thereby pressuring prices. The situation has been exacerbated by warm weather […]

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Factors That Will Drive U.S. Oil Production in 2015: Kemp

Reuters By John Kemp (Reuters) – Rig counts are a highly imperfect guide to future oil production but they are one of the few readily available statistics on oilfield activity so it is unwise to dismiss their importance entirely. The sharp drop in crude oil prices since June 2014 and associated fall in rig counts […]

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Government Predicts Shale Slowdown as Oil Falls

ABC News By Jonathan Fahey As oil’s long slide continued, the Energy Department forecast Tuesday that production from U.S. shale operators will begin to tail off in the second half of the year. The decline would mark the first such drop in what has been a 6-year boom in U.S. onshore crude production. The price […]

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Arkansas is the Fourth-Largest Natural Gas Producer in the U.S.

City Wire By Wesley Brown As the nation’s shale gas inventories touched an all-time high in 2013, Arkansas is now the fourth-largest shale gas producer in the U.S. behind only Texas, Louisiana and Pennsylvania, the U.S. Energy Information Administration (EIA) announced in a new report released on Tuesday. According to the EIA’s “Natural Gas Annual” […]

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Cold-Weather Rally Masks Massive Supply in Natural Gas

Market Watch By James Cordier Last month, we published a column on our blogadvising to look for an autumn rally in natural-gas prices as an opportunity to sell calls. That rally not only came right on cue, it has inflated call premium more than we expected. The stark contrast of the current price rally compared […]

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Oil Near 4-Year Low as OPEC Seen Resisting Cutting Output

Fuel Fix West Texas Intermediate crude dropped for a third day as U.S. oil inventories gained unexpectedly. Brent rose in London. Futures fell as much as 1 percent in New York. Ecuador and Venezuela will ask members of the Organization of Petroleum Exporting Countries to reduce excess output, an Ecuador official said. U.S. crude inventories […]

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Primer: Why Investors Should Watch Natural Gas Inventories

Market Realist By Magnus Tchekhov NATURAL GAS INVENTORIES The U.S. Energy Information Administration (or EIA) reports natural gas inventory figures every week. Natural gas is an important fuel worldwide. Its uses span from power generation to plastics. Natural gas consumption in the US is seasonal. It’s highest in the winter when heating demands are at their […]

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