shale oil

CNPC plans new shale oil field near China's Daqing

CNPC plans new shale oil field near China's Daqing

China National Petroleum Co (CNPC) said on Wednesday it plans for new shale oil production from formations within the area of the existing Daqing oilfield that will help replenish that site's diminishing output. CNPC said it aims to …

Russia's answer to US shale

Russia's answer to US shale

Russia regards its Arctic oil and gas development in the same way that the U.S. saw its shale oil and gas sector around 20 years ago, which is a truly game-changing opportunity to alter the balance of power in the world’s hydrocarbons markets

Where is oil headed?

Where is oil headed?

Oil prices may fall again if there is another surge in Coronavirus cases

U.S. dependence on Russian oil  becomes apparent

U.S. dependence on Russian oil becomes apparent

According to the Energy Information Administration, Russia has become a second oil supplier to the United States after Canada. The thing is that the U.S. has lost heavy oil from Venezuela due to its own sanctions.And it's Russian …

Is U.S. shale’s golden age over?

Is U.S. shale’s golden age over?

OPEC gambles that the United States shale's golden age is over, Bloomberg reported citing the sources in the organisation. The OPEC minsters believe relentless U.S. oil production growth will slow rapidly next year. Oil traders and …

Oil prices firm. Why?

Oil prices firm. Why?

Oil prices firm on OPEC-led supply cuts, sanctions against Venezuela

IEA: U.S. shale oil growth underestimated

IEA: U.S. shale oil growth underestimated

Shale oil's impact will have "huge implications" for global energy markets for many years, executive director at the International Energy Agency Fatih Birol said at the World Economic Forum in Davos, …

Trump claims credit for cheap gas

Trump claims credit for cheap gas

Experts said Trump can take some credit for the increased supply of gas that has driven prices lower, but that fuel economics is a hugely complex subject, impacted by many variables. It took just a few hours into the new year for …