Crude Oil Markets

Oil is Near $100. Shale Isn't Coming to the Rescue.

Frackers are constrained by investor payouts, inflation and interest rates, keeping spending in check. Source link

1 year ago

Rising Oil Prices Are Bad News for Drivers—and the Fed

America faces a familiar foe in its fight against inflation, with crude prices up more than 18% over the past month.…

2 years ago

Shale Industry Is Dropping Drilling Rigs, Fast

Smaller fracking companies are feeling the pinch of inflation, lower oil and gas prices, and fewer prime drilling spots. Source…

2 years ago

Chinese Oil Demand Doesn't Make Sense

China’s economy is having a rough summer, but the country is churning out record amounts of diesel and importing vast…

2 years ago

U.S. Oil Boom Blunts OPEC's Pricing Power

U.S. petroleum production is on pace for a record-breaking year, helping to keep energy prices stable despite the efforts of…

2 years ago

U.S. Oil Boom Blunts OPEC's Pricing Power

U.S. petroleum production is on pace for a record-breaking year, helping to keep energy prices stable despite the efforts of…

2 years ago

Saudi Arabia Transfers Nearly $78 Billion of Aramco Shares to Wealth Fund

The second such transfer comes amid high oil prices and as the kingdom seeks to diversify its economy away from…

2 years ago

Saudi-Led Oil Cuts Risk Fueling Inflation and Harming Global Economy, IEA Says

MarketsCommoditiesOil MarketsThe hole in the global oil market between supply and demand is expected to reach 2 million barrels a…

2 years ago

Saudi-Led Oil Cuts Risk Fueling Inflation and Harming Global Economy, IEA Says

MarketsCommoditiesOil MarketsThe hole in the global oil market between supply and demand is expected to reach 2 million barrels a…

2 years ago

Exxon CEO's Pay Jumps 52% Amid Rising Oil Prices, Record Profit

Darren Woods’s total compensation includes stock awards of $24.9 million and a nearly $6.4 million bonus. Source link

2 years ago