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A service for energy industry professionals · Saturday, December 14, 2024 · 768,999,802 Articles · 3+ Million Readers
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United States Shale Oil Newswire

  • Published on Dec 13, 2024

    Number of active U.S. drilling unchanged this week

    HOUSTON, Dec. 13 (Xinhua) -- The number of active drilling rigs in the United States stands at 589 this week, unchanged from the previous week but down by 34 from a year ago, according to the weekly data released Friday by Houston-based oilfield services …

    Source: The Malaysian Star - Uncategorized
  • Published on 05:13 GMT

    China and India could lead Asia’s geothermal market, IEA says

    TOKYO — China and India could become market leaders in geothermal energy, as emerging technology offers an exit from their dependence on coal power, the International Energy Agency (IEA) said in a new report published Friday. Renewable geothermal power,  …

    Source: South Asia Journal - Neutral
  • Published on Dec 13, 2024

    The way to reach clean geothermal heat? Fracking.

    You’ve heard of geothermal energy — it’s touted as a clean alternative. You’ve also heard of fracking, which is … not always thought of that way. One creates energy from the earth’s heat. The other became popular in the gas revolution of the 2010s when we …

    Source: Marketplace - Public Broadcaster
  • Published on Dec 13, 2024

    Oil edges lower on 2025 supply surplus forecast

    [Source: Reuters] Oil prices inched lower on Friday as investors focused on a forecast of ample supply and shrugged off expectations of higher demand next year from Chinese stimulus measures, while eyeing another Federal Reserve interest rate cut next week …

    Source: FBC News - Label Pending
  • Published on Dec 13, 2024

    2024 State of the Industry: Inflection point

    The forward-looking statement about propane’s growth trajectory is heard occasionally around the industry: “We’ll be at 15 billion gallons before we go back to 8 billion.” Tucker Perkins, president and CEO of the Propane Education & Research Council ( …

    Source: LP Gas Magazine - Neutral
  • Published on Dec 13, 2024

    Oil Prices Stabilize, Heading for First Weekly Gain Since November

    Oil prices remained steady, positioning themselves for a modest weekly rise, their first since late November. Oil prices stabilized as tighter sanctions on Iran and Russia escalated concerns over supply disruptions, while a mixed outlook on supply and …

    Source: Chemical Industry Digest - Label Pending
  • Published on Dec 13, 2024

    Oil edges lower on 2025 supply surplus forecast, but set to notch weekly gain

    By Florence Tan SINGAPORE (Reuters) – Oil prices inched lower on Friday as investors focused on a forecast of ample supply and shrugged off expectations of higher demand next year from Chinese stimulus measures, while eyeing another Federal Reserve …

    Source: The Print - Neutral
  • Published on Dec 12, 2024

    As a Major California Oil Producer Eyes Carbon Storage, Thousands of Idle Wells Await Cleanup

    At the start of 2020, California Resources Corp., one of the state’s largest oil and gas producers, was in financial trouble. The firm’s stock price had plunged, and its credit rating was in junk bond territory. Then the pandemic struck, roiling …

    Source: Inside Climate News - Neutral
  • Published on Dec 12, 2024

    Argentina to Eclipse Colombia as Oil Production Growth Continues

    Crude oil production in the Vaca Muerta shale formation in Argentina is about to hit 1 million barrels per day this decade. The forecast came recently from Rystad Energy, and on its heels came another forecast, from the EIA: Argentina will soon eclipse …

    Source: Oil Price - Neutral
  • Published on Dec 11, 2024

    Canadian Oil Sector Hedges Trump Tariff Risk, US Midwest Refineries Could Be Affected

    The market eagerly awaits Donald Trump‘s first day in office as U.S. president, as his new tariffs could have a cascading effect on domestic industries as much as foreign nations. A proposed 25% tariff on Canadian imports poses a considerable risk to the …

    Source: Benzinga - Neutral
  • Published on Dec 10, 2024

    Saudi Arabia and OPEC+ Brace for Impact as Trump Plans New Oil Moves

    In is exceptionally difficult to imagine Saudi Arabia’s Crown Prince Mohammed bin Salman and his United Arab Emirates (UAE) counterpart Sheikh Mohammed bin Zayed al Nahyan disdaining to take an urgent telephone call from President Donald Trump, as they did …

    Source: Oil Price - Neutral
  • Published on Dec 10, 2024

    Events in Syria Could Impact Crude Oil Market

    Events in Syria over the weekend could impact the crude market and increase the geopolitical risk premium on oil prices in the weeks and months to come amid yet more instability in the Middle East region. That’s what Rystad Energy’s Head of Geopolitical …

    Source: Rigzone - Neutral
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