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A service for energy industry professionals · Saturday, May 24, 2025 · 815,776,333 Articles · 3+ Million Readers
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United States Shale Oil Newswire

  • Published on May 21, 2025

    BP More than Doubles US Shale Oil Putput in 2019

    BP's U.S. shale oil production more than doubled in 2019 from a year earlier as it ramped up output following the $10.5 billion acquisition of BHP's assets in late 2018. Oil production at BP's shale division, known as BPX Energy, rose to 124, …

    Source: World Energy News - Connecticut - Pending
  • Published on May 21, 2025

    Estimated 6-billion-barrel shale oil reserve in southeast Turkey

    Turkey aims to cut its import bill and boost supply security by developing domestic resources and expanding international partnerships in oil and gas exploration [Getty] U.S. oil producer Continental Resources estimates there is a shale oil reserve of 6.1 …

    Source: The New Arab - Indeterminate
  • Published on May 21, 2025

    Turkey Announces Major Shale Oil Reserve Discovery

    Continental Resources, the U.S. shale producer, has estimated that the Diyarbak?r basin in Turkey’s southeast has a reserve of 6.1 billion barrels of shale oil, Turkish Energy and Natural Resources Minister, Alparslan Bayraktar, has said.  “Turkey's …

    Source: Oil Price - Neutral
  • Published on May 21, 2025

    Estimates show potential 6.1B barrel shale oil reserve in Türkiye

    U.S. oil producer Continental Resources estimates a shale oil reserve of 6.1 billion barrels in Türkiye's southeastern Diyarbakır basin, according to Energy and Natural Resources Minister Alparslan Bayraktar. Continental Resources and the Turkish …

    Source: Sabah - Pending
  • Published on May 21, 2025

    Analysis-With output hikes, OPEC+ again targets US shale oil

    By Olesya Astakhova, Dmitry Zhdannikov and Alex Lawler MOSCOW/LONDON (Reuters) - Behind OPEC+'s plan to ramp up oil output and punish over-producing allies, group leaders Saudi Arabia and Russia are pushing a second objective: taking on U.S. shale …

    Source: Yahoo Finance - Center-left
  • Published on May 21, 2025

    Estimated 6 billion barrel shale oil reserve in southeast Turkey, minister says

    By Nevzat Devranoglu SIRNAK, Turkey (Reuters) -U.S. oil producer Continental Resources estimates there is a shale oil reserve of 6.1 billion barrels in Turkey’s southeastern Diyarbakir Basin, the Turkish energy minister said. Continental Resources and …

    Source: WSAU - Wisconsin - Pending
  • Published on May 21, 2025

    ConocoPhillips CEO latest U.S. oil executive to say peak shale has arrived

    SlavkoSereda/iStock via Getty Images U.S. shale oil production will flatten out if prices remain at current levels and will start to decline if prices languish in the $50s per barrel, ConocoPhillips (COP) CEO Ryan Lance said Tuesday, offering the …

    Source: Markets Insider - Neutral
  • Published on 12:06 GMT

    Russian Oil-dependent Country Finds Largest Deposits In Its History

    2 Billions of barrels of reserves. U.S. oil producer Continental Resources estimates shale oil reserves in Turkey's southeastern Diyarbakir basin at 6.1 billion barrels, Turkey's energy minister said. According to Reuters. If those reserves are …

    Source: Charter 97 - Center-left
  • Published on 02:41 GMT

    Middle East Crude-Benchmarks slip for second session as market expects OPEC+ supply hike

    Middle East crude benchmarks Oman, Dubai and Murban moved lower for a second session on Friday as the market expected OPEC+ to increase output for another month in July. The rising supply outlook also weighed on oil prices, with Brent and WTI declining for …

    Source: Hellenic Shipping News - Neutral
  • Published on 02:41 GMT

    Asia Distillates: Diesel paper market softens; ample supply concerns remain

    Asia’s middle distillates’ derivatives price structure continued to weaken on Friday, with window activity remaining thin though June offers continued from a handful of refiners. Diesel paper markets turned almost flattish for June and July, while jet fuel …

    Source: Hellenic Shipping News - Neutral
  • Published on 02:22 GMT

    VLSFO softens while HSFO holds strength

    Asia’s very low sulphur fuel oil (VLSFO) market eased week-on-week, while high sulphur fuel oil (HSFO) market clung to its recent strength. Singapore’s VLSFO cash differential inched further down on Friday, closer to a premium of $10 a metric ton, while …

    Source: Hellenic Shipping News - Neutral
  • Published on May 23, 2025

    OPEC Secretary General Warns Against a Hasty Farewell to Oil

    Despite worldwide investment in renewable energies, the Organization of the Petroleum Exporting Countries (OPEC) does not foresee a decline in global demand for oil in the coming decades. Haitham Al Ghais, Secretary General of OPEC, emphasizes in an …

    Source: Vindobona - Neutral
  • Published on May 22, 2025

    Record Oil Output Positions Argentina as a Key Energy Player

    Exploitation of the vast Vaca Muerta shale in Argentina’s central southwest has unlocked a gargantuan unconventional hydrocarbon boom for the crisis-riven South American country. Rising oil and natural gas production from the 7.7-million-acre shale play is …

    Source: Oil Price - Neutral
  • Published on May 22, 2025

    Higher output to pressure crude oil prices

    The US and China reached an interim deal on tariffs, drastically reducing their reciprocal rates, the US also agreed on a deal with the UK, while potential ceasefire talks on the Ukraine-Russia front are getting closer. These give hope that the world is …

    Source: Financial Mirror - Neutral
  • Published on May 22, 2025

    Middle East Crude-Benchmarks rise to one-week high amid supply fears

    Middle East crude benchmarks Oman, Dubai and Murban rose for a second session to one-week highs on Wednesday with fears of a supply disruption after reports that Israel could be preparing to strike Iranian nuclear facilities. Taiwan’s CPC issued a tender …

    Source: Hellenic Shipping News - Neutral
  • Published on May 21, 2025

    Nigerian Crude sells for $68 a barrel, Iran-Israel weigh on Oil

    Nigerian crude settled near $68 a barrel amid ongoing dynamics in the global economy. Oil prices surged following reports that new U.S. intelligence suggests Israel is preparing for a possible attack on Iranian nuclear facilities. Brent crude rose above $ …

    Source: Nairametrics - Neutral
  • Published on May 21, 2025

    OPEC+ targets US shale again with output increases

    Saudi Arabia and Russia, the group's leaders, are also pushing a secondary objective behind OPEC+’s plan to increase oil production and punish overproducing allies: taking on U.S. shale to win back market shares from the United States. OPEC’s last …

    Source: World Energy News - Connecticut - Pending
  • Published on May 21, 2025

    WGC-QatarEnergy CEO: Chemical industry is growing rapidly, says WGC

    QatarEnergy, according to its chief executive Saad Al-Kaabi, plans to double its global capacity for plastics and raw materials as the company sees a big growth in chemical industries. He told the World Gas Conference that the state-owned company …

    Source: World Energy News - Connecticut - Pending
  • Published on May 20, 2025

    US shale to plateau if oil stays in current range, ConocoPhillips CEO says

    U.S. shale oil output will flatten out if prices remain where they are now and will start to decline with prices in the $50s per barrel, the CEO of ConocoPhillips said on Tuesday in the latest prediction that oil's slump could curb U.S. supply. The …

    Source: Zawya - Indeterminate

02 days 11:13:51

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  • Published on May 20, 2025 - 13:12 GMT

    Estonia Accuses Russia of Detaining Oil Tanker

    (MENAFN) Estonian officials have accused Russia of detaining a tanker that was transporting shale oil from Estonia. This event allegedly occurred shortly after Tallinn made an attempt to inspect a vessel traveling from Russia. Following the escalation of …

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  • Published on May 20, 2025 - 10:40 GMT

    Baltic nation claims Russia is detaining oil tanker

    (MENAFN) Estonian officials have accused Russia of detaining an oil tanker carrying shale oil from Estonia, an incident that occurred shortly after Tallinn attempted to inspect a vessel departing from Russia. The West had previously imposed maritime …

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