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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
Fuel Prices Are Soaring: Who Is Feeling the Pinch?
Production cuts made by OPEC and its allies have pushed crude oil to 10-month highs. Source link
The Panama Canal Has Become a Traffic Jam of the Seas
More than 200 vessels are stuck on either side of the waterway as a serious drought cuts crossings. Source link
After Pulling Inflation Down, Gasoline and Food Threaten to Nudge It Up
What to Read Next Source link
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. Source link
Exxon and Chevron Stalk More Shale Deals as Profits Dip
The oil giants together added $14 billion in profits to their cash piles and have signaled they’re not finished shopping for potential acquisitions. Source link
Russia Defies Sanctions by Selling Oil Above Price Cap
Higher prices could bolster Moscow’s oil-export revenues, which last month dropped to just over half their level from a year ago. Source link
That Extreme Heat Hasn't Budged Natural-Gas Prices
With a glut from the warm winter, the power-generation fuel costs 60% less than last summer. Source link
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 link
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 amounts of crude oil. Source