Economics/Statistics
News
May 03, 2022
U.S. shale giants stung by billions of dollars in hedging losses are spending big bucks to ditch their positions in a risky bet that prices stay high.
News
May 02, 2022
Exxon Mobil Corp. and Chevron Corp. will together give more cash to shareholders than they invest in oil and gas production this year even as political leaders call on the industry to increase output to help ease soaring consumer prices.
News
April 29, 2022
Russia’s crude oil exports in the first 28 days of April jumped more than 17%, with hikes recorded for flows via all key pipelines and ports even as the nation’s production declined.
News
April 29, 2022
After driving up prices for everything from steel pipes to frac sand to labor, inflation has finally ensnared the centerpiece of oilfield equipment: the drilling rig.
Article
April 2022
Compared to fourth-quarter 2021, the Dallas Fed’s survey found that U.S. E&P activity surged in first-quarter 2022. However, there are still a few question marks that will linger through the year.
News
April 20, 2022
The energy crisis triggered by Russia’s invasion of Ukraine is increasing the world’s motivation to shift to low-carbon energy, but is also creating a near-term scramble for fossil fuels that will drive billions of dollars of new investment.
News
April 08, 2022
The owners of an oil-production and storage ship had a history of financial problems before the vessel blew up in Nigerian waters two months ago.
News
April 07, 2022
Shell Plc said its withdrawal from Russia will result in $4 billion to $5 billion of impairments, while also warning investors that extreme energy price volatility in the first quarter could hit cash flow.
News
March 31, 2022
The U.S. will release roughly a million barrels of oil a day from its reserves for six months beginning in May, a historic drawdown underscoring White House concern about rising gas prices and supply shortages following Russia’s invasion of Ukraine.
News
March 24, 2022
The Chicago City Council voted to ban city investments in coal, oil and gas companies in an effort to combat climate change.
Article
March 2022
More M&A activity is expected throughout 2022 within the OFS sector, as the market continues to consolidate during the balance of the current recovery.
News
March 23, 2022
U.S. shale drillers are incurring record labor and equipment costs so they can cash in on the highest oil prices in 14 years.
News
March 21, 2022
The council believes new metrics and ESG disclosures should not be a government-led activity, rather it needs to be a public-private partnership to assure goals and expectations are real, achievable and predictable.
News
March 18, 2022
Soaring oil prices are padding the fortunes of U.S. shale and gas tycoons, even vaulting one into the ranks of the world’s 500 richest people for the first time.
News
March 17, 2022
Commodities trader Pierre Andurand sees a path for crude oil to get to $200 by the end of the year as historically tight markets struggle to ramp up production and replace lost supply from Russia.
News
March 03, 2022
California, already paying record prices for motor fuel, is set to shell out even more with the Golden State more exposed to surging oil prices than the rest of the country in the wake of Russia’s invasion of Ukraine.
News
March 02, 2022
The CEO of the Energy Workforce & Technology Council, said she agrees with President Biden and the need to optimize reliance on domestic resources, but that must also include energy resources.
Article
March 2022
As the Russian invasion of Ukraine continues, we at World Oil think it’s important to review the amount of oil and gas infrastructure that is at risk in Ukraine. Please note that some of the facts and figures cited here come from the U.S. Energy Information Administration (EIA)....
Article
February 2022
Despite higher oil prices, U.S. shale operators have (until recently) resisted ramping-up drilling activity and remained disciplined with capital expenditures.
News
February 22, 2022
After watching big banks curtail lending and asset managers pare bets, fossil fuel producers are now losing access to some of Wall Street’s deepest pockets.
News
February 17, 2022
BlackRock Inc., one of the leading advocates of sustainable investing, is on a mission to persuade Texas that it’s a strong backer of the oil and gas industry.
