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December 23, 2024

Improved efficiency is enabling record U.S. crude oil production from fewer rigs

Crude oil production in the U.S. Lower 48 (L48) states, which excludes Alaska and offshore production, reached a record 11.3 million barrels per day (b/d) in November 2024, according to our estimate in the latest Short-Term Energy Outlook (STEO) published on December 10.
November 21, 2024

Oil Prices Get a 2% Boost Amid Geopolitical Drama

Oil prices took the bumpy road upwards today, proving once again that global crude markets lack stability.
July 11, 2024

Standard Chartered: Oil Demand Growth Will Decelerate in the Coming Months

Crude oil prices went lower today after the U.S. Energy Information Administration reported an inventory increase of 7.3 million barrels for the week to April 26.
February 15, 2024

Another Mega-Merger Is Brewing in the U.S. Shale Patch

The merger and acquisition deals are coming in the shale patch, at a rate almost too fast to document. Last week news broke about Devon Energy, (NYSE:DVN), and Canadian-based producer, Enerplus, (NYSE:ERF) opening merger talks.