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Opec

OPEC Reverses U.S. Outlook, Now Sees Oil, Liquids Production Declining in 2016

U.S. crude oil and natural gas liquids production in 2016 may reverse for the first time in years, OPEC said Monday in its monthly forecast report, a reverse from what analysts predicted one month ago.

October 12, 2015

OPEC Says U.S. Oil Production Shows Signs of Slowing

The Organization of the Petroleum Exporting Countries (OPEC) said U.S. oil production “has shown signs of slowing,” and it projects that the total amount of oil produced outside the 13-nation cartel in 2016 will grow by only 160,000 b/d, due in part to production slowing in the United States.

September 14, 2015
OPEC Maintains Output, But ConocoPhillips CEO Warns U.S. Shale ‘Here to Stay’

OPEC Maintains Output, But ConocoPhillips CEO Warns U.S. Shale ‘Here to Stay’

Unremarkable commodity prices have done little to dull the ability of U.S. unconventional explorers to extract ever more resources from the ground, but OPEC’s decision to maintain current output levels may put more pressure on domestic production levels in the months ahead.

June 5, 2015
U.S. Shale Oil, OPEC Fighting for Market Share, Says Goldman

U.S. Shale Oil, OPEC Fighting for Market Share, Says Goldman

U.S. shale oil breakevens have fallen by $20/bbl in one year and may decline more on field efficiencies, resulting in a duel with OPEC for market share, while the rest of the industry fights for relevance, according to Goldman Sachs.

May 18, 2015
OPEC Maintains Production, Keeps Eye On Shale Oil

OPEC Maintains Production, Keeps Eye On Shale Oil

Member nations to the Organization of the Petroleum Exporting Countries (OPEC) agreed to maintain production of 30 million b/d, but analysts say the cartel is watching several key developments — including rising shale oil production in North America — as it looks to keep oil prices steady.

December 5, 2013

Global Offshore Spending Seen Up 32% in Next Five Years

Global offshore energy spending will rise by almost one-third between now and 2013 versus 2004-2008, despite cuts in capital spending budgets, according to an analysis by Douglas-Westwood.

April 20, 2009

Global Offshore Spending Seen Up 32% in Next Five Years

Global offshore energy spending will rise by almost one-third between now and 2013 versus 2004-2008, despite cuts in capital spending budgets, according to an analysis by Douglas-Westwood.

April 17, 2009

Energy Secretary Expresses Concern About Possible Gas Cartel

Energy Secretary Samuel Bodman reaffirmed his opposition last Tuesday to the creation of an OPEC-like organization for natural gas, saying it would pose problems for both producing and consuming countries.

April 16, 2007

Energy Secretary Expresses Concern About Possible Gas Cartel

Energy Secretary Samuel Bodman reaffirmed his opposition Tuesday to the creation of an OPEC-like organization for natural gas, saying it would pose problems for both producing and consuming countries.

April 11, 2007

Is OPEC to Blame for Natural Gas Price Spikes?

Despite strong demand and soaring crude prices, EIA places mostof the blame for the current high gas price situation on tightsupply. “Although rising crude oil prices have encouraged naturalgas prices to advance, the primary cause of these elevated gasprices has been the delicate supply situation,” EIA said.

July 10, 2000