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Oil price slips below $65 over signs of shale oil production recovery in US
2015-05-11 01:00:00| Offshore Technology
Oil price fell below $65 a barrel on Monday amidst fresh oversupply concerns with some US shale oil operators looking to resume production.
Tags: in
us
price
production
The Shale Boom Has Already Gone Bust, at Least for Now
2015-05-04 14:27:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: The meteoric rise in U.S. oil production has ended, easing a global glut and driving a rebound in crude prices from below $50 a barrel, according to crude trader and hedge fund manager Andrew J. Hall. We have now reached a turning point, Hall said in a letter Friday to investors in Astenbeck Capital Management LLC, his commodities hedge fund. Growing demand and supply pullbacks rendered all the doomsday forecasts self-defeating. Oil production from Texas to North Dakota peaked at almost...
CRC bullish on long-term prospects of Monterey Shale: CEO
2015-04-30 22:02:49| Energy - Topix.net
California Resources Corp expects that, as oil prices recover, technology may enable extraction of Monterey Shale reserves previously thought to be unrecoverable, the company's chief executive said this week. The company was spun off from Occidental Petroleum Corp in November, three days after an OPEC decision sent prices into a tailspin and contributed to the worst decline since 2008.
Tags: ceo
prospects
crc
monterey
CRC bullish on long-term prospects of Monterey Shale: CEO
2015-04-30 21:11:22| Oil & Gas - Topix.net
California Resources Corp expects that, as oil prices recover, technology may enable extraction of Monterey Shale reserves previously thought to be unrecoverable, the company's chief executive said this week. The company was spun off from Occidental Petroleum Corp in November, three days after an OPEC decision sent prices into a tailspin and contributed to the worst decline since 2008.
Tags: ceo
prospects
crc
monterey
Shale as world's swing producer signals 'jagged' oil future
2015-04-26 07:56:20| Energy - Topix.net
Oil rigs in North Dakota. U.S. shale oil has been anointed the world's new "swing producer".
Tags: future
oil
producer
signals
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