Bakken Shale Driving US Oil Production Growth
The Bakken Shale is fueling an upturn in fortunes for the US oil industry and could be the prime driver of oil production growth in the US over the next decade.
Articles Tagged "eia"
States Push For Disclosure Over Hydrofracking
State governments are increasingly flexing their regulatory muscle and mandating increased transparency around hydrofracking to allay public fears.
Gas Market Q4 Outlook
Gas prices maintain their stubborn streak, but drillers remain active with the US winter heating season set to begin late in Q4.
Oil Market Q4 Outlook
Analysts see Brent prices easing and WTI ending the year where it began, but do not rule out more volatility over Q4.
2011 Gas Market Trends
Compared to oil, gas has been rather low-key so far in 2011.
2011 Oil Market Trends
Spread between WTI and Brent crude the emerging oil story of 2011.
Oil Prices to be Volatile
Oil prices eased modestly early on March 28 after advancing rebels in Libya announced that they would be able to resume crude exports in a week and Qatar promised to help them market their product on world markets.The price remains 8 percent higher than it was a month ago, and 30 percent higher than a year ago, challenging global economic recovery.
China Continuing to Obtain Gas Resources
The recent deal represents the biggest investment to date by a Chinese company in the North American energy sector, appearing to balance demand to develop gas fields at a time when low commodity prices are not providing companies with enough cash flow efficiently. The agreement could underscore greater exposure for resource companies to eventually export shipments to offshore markets.
Polish Shale Gas
Poland’s reserves of shale gas may be as much as 3 trillion cubic meters, according to estimates by geologists and energy consultants, potentially making the country a net exporter of gas and reducing Europe’s dependence on Russia.
Gas Price Trends
In recent history, gas prices have generally followed a relatively seasonal pattern with prices rising during the summer driving season and falling after Labor Day. However, 2010 has seen a reversal in this pattern; the national average price has risen by 30 cents per gallon since Labor Day, the largest increase over that period since the 1990 inception of Energy Information Agency (EIA) weekly published retail gasoline price data. The current average price range in the US for the third week of December of approximately $2.98 per gallon is the second highest on record, eclipsed only by the 2007 average price reaching $3.00 per gallon.
