Tag: U.S. oil production

Energy, Industries

U.S. oil drilling, output moving higher with energy prices

April 14, 2022


U.S. oil production forecasts are being revised upwards despite labor and supply chain constraints as higher prices spur more drilling and well completion activity, according to industry experts. Calls for new oil supplies are being answered by more producers as […]

Energy, Industries

US shale oil will surge to nearly 7 million barrels a day next month: Dept. of Energy forecast

March 13, 2018


American shale drillers will take aim at the seven million barrels-per-day mark next month, as U.S. oil production continues to hit new record highs. Output from the nation’s shale oil regions is poised to grow by 131,000 barrels a day […]

Energy, Industries

Oil price outlook: Is this the beginning of a downturn?

February 13, 2018


Oil just posted its worst week in more than two years — WTI lost 9.5% and Brent lost 8.5%. The last time the two oil benchmarks fell by that much in a single week was early 2016 when the oil […]

Energy, Finance Tech, Industries, Trading, Uncategorized

Oil prices climb as upbeat economic data raise demand expectations

December 11, 2017

Via: Market Watch

Oil prices edged higher Monday as upbeat economic data helped to raise expectations for crude demand, offsetting some pressure from concerns over growing U.S. production. On the New York Mercantile Exchange, January West Texas Intermediate crude CLF8, +0.63% tacked on […]