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Opinion: How Much Longer Can OPEC Hold Out?

2015-04-10 10:55:36| Green Car Congress

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US drillers scrambling to thwart OPEC threat

2015-03-23 19:03:22| Oil & Gas - Topix.net

" OPEC and lower global oil prices delivered a one-two punch to the drillers in North Dakota and Texas who brought the U.S. one of the biggest booms in the history of the global oil industry. Companies are leaning on new techniques and technology to get more oil out of every well they drill, and furiously cutting costs in an effort to keep U.S. oil competitive with much lower-cost oil flowing out of the Middle East, Russia and elsewhere.

Tags: threat opec scrambling thwart

 
 

US drillers scrambling to thwart OPEC threat

2015-03-23 18:11:02| Energy - Topix.net

OPEC and lower global oil prices delivered a one-two punch to the drillers in North Dakota and Texas who brought the U.S. one of the biggest booms in the history of the global oil industry. Companies are leaning on new techniques and technology to get more oil out of every well they drill, and furiously cutting costs in an effort to keep U.S. oil competitive with much lower-cost oil flowing out of the Middle East, Russia and elsewhere.

Tags: threat opec scrambling thwart

 

OPEC call hurting US shale sector

2015-03-08 13:01:00| Climate Ark Climate Change & Global Warming Newsfeed

Geelong Advertiser: OPEC's top official has said that the cartel's decision to keep pumping crude in the face of collapsing prices was hurting the US shale oil industry and that a global pullback on investment could lead to a shortage that will push the market upward again. "Projects are being cancelled. Investments are being revised. Costs are being squeezed," Abdalla Salem el-Badri, the secretary general of the Organization of the Petroleum Exporting Countries, said at the Middle East Oil and Gas conference in...

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Oil Drops as Gain in Saudi Arabian Output Boosts OPEC Production

2015-03-02 09:47:31| Oil & Gas - Topix.net

Futures decreased as much as 1.1 percent in New York. The Organization of Petroleum Exporting Countries pumped 30.6 million barrels a day in February, according to a Bloomberg survey.

Tags: production gain oil output

 

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