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US oil production is set to soar past 12 million barrels per day

Rising shale production is putting the United States on track to hit the 12 million bpd oil production mark sooner than previously forecast, the Energy Information Administration said in its November Short-Term Energy Outlook.

read more... 08/11/2018


Daily (20.09.2017): WTI crude price dipped to $49.48 a barrel on increased U.S. shale production

Oil markets dipped on Tuesday, influenced by increasing U.S. shale production and worries that another hurricane hitting the Caribbean could affect refineries and disrupt delivery to and from the United States.

read more... 20/09/2017


Daily (08.02.2017): European spot electricity prices buoyed by cold spell

Crude oil prices decreased by more than 1 percent on Tuesday and continued to tumble after settlement, dragged down by a massive increase in U.S. crude inventories. The strong recovery in U.S. shale production would complicate efforts by OPEC and other producers to cut the supply glut.

read more... 08/02/2017