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Shell Exits Permian In $9.5 Billion Deal By Irina Slav - Sep 22, 2021

Anglo-Dutch oil supermajor Royal Dutch Shell (NYSE:RDSa) (LON:RDSa) is set to leave the Permian with a divestment worth close to $10 billion. The company said it will sell its assets in the shale...

Is Oil Really Doomed? By Irina Slav - Sep 14, 2021

Two recent reports warned that oil and gas production needs to be significantly reduced if the world is to meet the Paris Agreement goals and curb the effects of climate change. They add to a growing...

Citibank Forecasts $49 WTI For 2021 By Tsvetana Paraskova - Nov 10, 2020

Citi revised down on Monday its outlook for the WTI Crude price for next year by $5 to $49 a barrel, citing the global spike in coronavirus cases that is set to impact oil demand. Citi Research also...

Why No One Is Snapping Up Shale Oil Assets By Irina Slav - Sep 03, 2020

Since the start of the year, 57 oil production and oilfield services companies have filed for Chapter 11 bankruptcy protection. Many more bankruptcies are on the way, all in the shale patch. And there...

The Bearish Case For Oil Prices By Tsvetana Paraskova - Aug 25, 2020 3

It is not only the slower-than-expected global oil demand recovery that is weighing on oil prices. Some major geopolitical events and the return of previously curtailed U.S. shale production are set...

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