Page 28 - Dan Pickering News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Apu Gomes / AFP via Getty Images Oil prices have risen sharply over the last few months. Normally, that's a recipe for a drilling frenzy from U.S. oil producers. But something strange is happening, or rather, not happening. "U.S. producers are actually being restrained at the moment," says Helima Croft, global head of commodities strategy at RBC Capital Markets. "They are trying to be disciplined." Oil companies are under a lot of pressure to keep their production down. And the call is coming from inside the house: it's oil investors who are pushing for companies to pump less oil.

As the November election drew closer, Babst Calland’s Kevin Garber and Jean Mosites joined Hart Energy to analyze the stance of major party candidates on key environmental issues and what the oil and gas industry can anticipate, depending on the victors. Despite the “night and day difference” between President Donald Trump and former Vice President Joe Biden on energy and environmental policies, the attorneys said oil and gas executives needed to focus their attention beyond the presidential race. “Looking at the real local level, there are task forces, there are climate plans, there ...

Analysis-U.S. shale oil just had its worst year and the pain could bleed into 2021 U.S. oil and gas shares and drilling activity are edging higher, but a disastrous year for the energy industry means the go-go days of the shale boom may be gone for good. Deep spending cuts that came with the collapse in fuel demand and oil prices due to the COVID-19 pandemic have ended an era that put the U.S. atop the ranks of the world’s biggest producers. The shale industry will ring in the New Year pumping 7.44 million barrels per day (bpd), down nearly 20% from the beginning of 2020.

US shale oil just had its worst year Shale industry will ring in the New Year pumping 7.44m barrels per day, down nearly 20% from the beginning of 2020 Reuters December 23, 2020 NEW YORK/ HOUSTON: US oil and gas shares and drilling activity are edging higher, but a disastrous year for the energy industry means the go-go days of the shale boom may be gone for good. Deep spending cuts that came with the collapse in fuel demand and oil prices due to the Covid-19 pandemic have ended an era that put the US atop the ranks of world’s biggest producers. The shale industry will ring in the New Yea...

Analysis-US shale oil just had its worst year and the pain could bleed into 2021 Toggle share menu Advertisement Analysis-US shale oil just had its worst year and the pain could bleed into 2021 U.S. oil and gas shares and drilling activity are edging higher, but a disastrous year for the energy industry means the go-go days of the shale boom may be gone for good. FILE PHOTO: Pump jacks operate at sunset in Midland, Texas, U.S., February 11, 2019. REUTERS/Nick Oxford 22 Dec 2020 07:11PM (Updated: 22 Dec 2020 07:36PM) Share th...