Oil

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New Technology Helps U.S. Shale Oil Industry Start to Rebuild Well Productivity

Conventional Energy, Exploration & Production, Latest, Oil, US News / By

HOUSTON, April 24 (Reuters) – Technology advances are making it possible for U.S. shale oil and gas companies to reverse years of productivity declines, but the related requirement to frontload costs by drilling many more wells is deterring some companies from doing so. While overall output is at record levels, the amount of oil recovered …

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Goldman Expects Geopolitical Risk Premium to Moderate, Maintains $90/bbl Brent Ceiling

CDN and International News, Conventional Energy, Latest, Oil / By

Goldman Sachs on Tuesday said it expects further moderation in the still-elevated geopolitical risk premium of $5-10 per barrel for crude oil in the coming months, and maintained its range-bound view, with a $90 per barrel ceiling on Brent. Oil prices slipped on Tuesday, a day after touching their lowest levels in more than three …

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Oil Is Shedding Its Mideast Fear Premium Too Fast

Conventional Energy, Latest, Oil, US News / By

Oil Is Shedding Its Mideast Fear Premium Too Fast Benchmark Brent futures are back below $87 a barrel, but the conflict continues posing risks to supply. Bloomberg Oil markets are relinquishing the Middle East risk premium that nearly propelled prices to $100 a barrel. The shift is a sign of maturity — but also complacency. It still seems incredible that, …

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Oil Falls Back After Robust EU Data as Mideast Tensions Linger

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Summary Prices down after jumping $1 on strong euro zone PMI data U.S. Senate to take up aid package with Iran oil sanctions Political backdrop fraught with many risks: ANZ April 23 (Reuters) – Oil prices slipped on Tuesday after a short-lived boost from stronger economic data out of Europe as the market weighed the …

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Oil Bulls Lack Conviction About Sustainability of Higher Prices

Conventional Energy, Latest, Oil, US News / By

By John Kemp LONDON, April 22 (Reuters) – Investors boosted their exposure to Brent as the conflict between Iran and Israel escalated but there was selling across the rest of the petroleum complex amid doubts about the sustainability of higher prices. Hedge funds and other money managers sold the equivalent of 23 million barrels in the …

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As Shale Oil Output Slows, One Deepwater Port Struggles for Customers

Conventional Energy, Latest, Oil, Shale / By

HOUSTON, April 22 (Reuters) – As U.S. shale oil boomed last decade, an oil pipeline company pitched an ambitious multi-billion-dollar export port off the Texas coast to ship domestic crude to buyers in Europe and Asia. In April, Enterprise Products Partners’  SPOT became the first project to receive a license from the U.S. maritime regulator for …

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Oil Ekes Out Gain After Iran’s Muted Response to Israel Strike

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Brent settles near $87 a barrel after earlier surge above $90 Flurry of options trades signal urge to protect against spikes Oil eked out a meager gain after Iranian media appeared to downplay the effect of Israeli strikes, lowering the geopolitical risk premium for crude. Global benchmark Brent earlier soared more than $3, popping above $90 a …

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Shell’s Value Gap is More Strategy Than Geography

Conventional Energy, Latest, LNG, Oil, US News / By

(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.) By Yawen Chen (Reuters Breakingviews) – It is generally a good thing when a chief executive worries about his company’s share price. The danger is seeking superficial fixes. Ever since Shell CEO Wael Sawan took charge last year, he has made it his …

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Iran Oil Sanctions in U.S. Aid Package for Ukraine

Conventional Energy, Latest, Oil, US News / By

U.S. lawmakers have tucked sanctions on Iran’s oil exports in the House of Representatives’ aid package for Ukraine, Israel and the Indo-Pacific after Tehran’s missile and drone strike on Israel last weekend. If passed through both the House and Senate and signed by President Joe Biden and then implemented and enforced, the measures could eventually …

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Oil Slips Despite Reported Israeli Attack on Iran

Conventional Energy, Latest, Oil, Pinned Primary, US News / By

(Reuters) – Oil slipped on Friday after prices spiked earlier on reports that Israel had attacked Iran as market fears of a major escalation to hostilities in the Mideast appeared to ease. After the benchmark contracts jumped more than $3 in the session, Brent futures were down 46 cents, or 0.5%, at $86.65 a barrel …

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