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Lagos, South Africa and New York
Thursday, September 24, 2020

Brent Near Two-Year Highs

Energy Wednesday, November 1,2017 O il prices steadied on Tuesday after a week of gains, as the prospect of increasing US exports dampened bullish sentiment that has driven Brent to more than two-year highs of over $60 per barrel. Benchmark Brent was down 10 cents at $60.80...

Oil surplus or scarcity? Shale makes it even harder to predict

By Amanda Cooper | LONDON The shale oil boom has transformed the U.S. and global energy sector to such an extent that it has upended traditional supply dynamics and made forecasts far more polarized. Investment banks, many of which finance new projects, along with oil majors...

Investors push U.S. shale firms to separate executive pay from drilling

by Ernest Scheyder HOUSTON  - Activist investors are taking aim at U.S. shale producers, the companies most responsible for turning the nation into a global energy powerhouse, pushing them to stop rewarding executives for spending billions of dollars on new wells when crude prices are...

Oil needs to stay $50 a barrel for US drillers to make money says Moody’s

Drillers need prices to stay above $50 a barrel for oil and $3 per mmBtu for natural gas in order to make a significant return on capital, Moody's says. Producers have driven down costs, but capital efficiency now depends on higher oil and...

U.S. shale output growth should offset OPEC cuts in 2019

Jessica Resnick-Ault NEW YORK, Dec 19 (Reuters) - Surging U.S. crude oil production will offset OPEC’s output cuts aimed at rebalancing the market as soon as the end of next year - undercutting the group’s efforts as shale producers ramp up output regardless of the...

As shale wells grow longer, buyouts attract hemmed in oil producers

BEIJING/SINGAPORE (Reuters) - Shanghai crude oil futures fell further on Thursday and were at parity with the U.S. market, as state oil majors and local traders piled on more bearish bets amid concerns about domestic refinery demand. The latest drop takes the fall since...

Shale Under Pressure As Oil Falls Below $50

By Nick Cunningham The OPEC+ cuts still are not doing very much to boost oil prices, dashing hopes for many U.S. shale producers. With companies in the process of formulating their budgets for 2019, the prospect of $50 oil sticking around raises questions about...

Squeezed by U.S. shale, Nigerian oil propped up by Asian demand

* Nigeria’s top oil grades near five-year highs - trade * Indonesian, Indian demand providing support * In Europe, buyers drive hard bargain for Nigerian oil By Noah Browning LONDON, April 8 - The rising tide of light U.S. shale oil has largely swept away comparable grades...

Fitch Ratings: Iran, Venezuela and US Shale Output To Drive Oil Prices

Lagos Nigeria -17 October 2018: Iranian and Venezuelan oil production levels, along with the pace of US shale growth, will drive oil prices in the medium term, Fitch Ratings says. Supply constraints at a time of steadily growing demand are leading the Brent price...

Decline of U.S. Shale Output will spark Higher Oil Prices

U.S. shale growth is about to decline, becoming an immediate victim of the Saudi-Russian price war. Saudi Aramco said that it would increase oil production to 12.3 million barrels per day (mb/d) in April, a shocking escalation of the war for market share. That level...
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