Tag: U.S. oil production
Weakening Shale Productivity Could Be Bullish For Oil Prices
After years of improvements in drilling techniques and impressive “efficiency gains,” there is now evidence that the U.S. shale industry is reaching the end of the road on well productivity. A report earlier this month from Raymond James & Associates finds that the U.S. shale industry may struggle to achieve further productivity gains. If these […]
Oil Price Now Hostage To The Financial Market
Oil prices regained more ground on Wednesday, pushed higher after equity markets rebounded from an initial selloff at the start of 2019 trading. The price gains are not entirely convincing. WTI and Brent posted strong gains, each up more than 3 percent by midday in New York, but come largely after U.S. equity markets shook […]
7 Energy ETFs To Buy For A Potential Resurgence
Energy ETFs may be overlooked because of the sector’s struggles, but these funds could deliver some upside In 2017, the S&P 500 returned 21.70%, including dividends paid, but the energy sector did not get the memo. Last year, the Energy Select Sector SPDR (NYSEARCA:XLE), the largest energy exchange-traded fund (ETF) by assets, lost 0.9%, marking the fifth time in […]
Will There Be An Oil Price Rally?
Oil prices seesawed at the start of the week before jumping close to multi-year highs on geopolitical concerns, with Brent hitting $70 and WTI at $65. However, geopolitical pressure is only able to influence oil prices to such a degree because the market is fundamentally getting tighter. Ongoing declines in Venezuela and concerns about heightened […]
Energy Not Adding Up
A barrel of oil, West Texas Intermediate, currently fetches $65 per barrel, that is a fairly decent price looking back over the past three years. Brent is closer to $70. Still a far cry from $100+ price prior to mid-2014 but also materially above the $30 trough of Q1 2016. Yet, the majority of energy […]
U.S. Shale To Keep On Pumping Even With $30 Oil
Since OPEC announced the production cut deal at the end of November, industry analysts have been warning that rising production from producers outside the deal—U.S. shale in particular—is effectively capping the oil price gains from that agreement. Four months after the OPEC/NOPEC deal took effect, oil prices dropped to the levels preceding the agreement, amid […]
