Green Car Congress
DECEMBER 5, 2014
Junk-bond debt in energy has reached $210 billion, which is about 16 percent of the $1.3 That is a dramatic rise from just 4 percent that energy debt represented 10 years ago. As is the nature of the junk-bond market, lots of money flowed to companies with much riskier drilling prospects than, say, the oil majors.
Green Car Congress
MARCH 10, 2021
US crude oil production averaged 11.3 million b/d in 2019, according to the US Energy Information Administration (EIA). The production decline resulted from reduced drilling activity related to low oil prices in 2020. In January 2020, US crude oil production reached a peak of 12.8 million b/d. million b/d in 2020.
Green Car Congress
MARCH 24, 2016
Oil prices have climbed by about 50 percent from their February lows, topping $40 per barrel. But the rally could be reaching its limits, at least temporarily, as persistent oversupply and the prospect of new shale production caps any potential price increase. by Nick Cunningham of Oilprice.com. More output is bearish.”
Green Car Congress
AUGUST 24, 2018
The US Energy Information Administration (EIA) August Short-Term Energy Outlook (STEO) forecasts that US crude oil production will average 10.7 Source: US Energy Information Administration, Short-Term Energy Outlook, August 2018. Source: US Energy Information Administration, Short-Term Energy Outlook, August 2018.
Green Car Congress
MARCH 13, 2016
Argentina offers one of the few places on earth where oil companies are not suffering from the full force of the collapse in prices. Argentina regulates oil prices, a policy originally intended to insulate the public from the whims of the market, protecting people from triple-digit crude prices.
Green Car Congress
MAY 20, 2015
Oil prices have rebounded strongly since March. The benchmark WTI prices soared by more than 36 percent in two months, and Brent has jumped by more than 25 percent. Diamondback Energy, another Permian operator, may add two rigs this year. Lower prices would then force further cut backs in rigs and spending.
Green Car Congress
JUNE 27, 2012
Oil production capacity is surging in the United States and several other countries at such a fast pace that global oil output capacity could grow by nearly 20% from the current 93 million barrels per day to 110.6 Such an increase in capacity could prompt a plunge or even a collapse in oil prices, he suggests.
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