Crude Oil: Influenced by Supply and Demand
From asphalt to plastics to fuel, oil is the king of commodities that is used in many different ways. As an economic powerhouse, the oil and gas industry and the...
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The Impact of Oil Price on the Economy
Shale extraction of oil and gas has lessened the need for the United States to import, helping the economy immensely in the form of investment, jobs, and growth. Oil exploration...
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What Drives the Price of Oil?
Also referred to as “black gold,” crude oil is considered one of the most precious commodities on a global scale. Changes in its price have the power to affect the...
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U.S. shale oil output to rise to highest since May 2020
NEW YORK (Reuters) - U.S. shale oil output is expected to rise to 8.1 million barrels per day (bpd) in September, the highest since May 2020, according to the Energy...
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U.S. Economic Recovery Hinges on Oil & Gas Industry: Study
Stacy M. Brown, NNPA Newswire Contributor America’s natural gas and oil industry will need to serve as a vital driver of the nation’s post-pandemic economic recovery, according to a new study. The...
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Oil and Gas Investment: Watch out for These Economic Indicators
Similar to any commodity, the oil and gas market sectors are affected by global demand, inventory levels, production, aggregate economic figures, and interest rate policies. To predict the future of...
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The Benefits of Portfolio Diversification
Many generations of Americans have built their futures by diversifying their portfolio and investing in direct ownership of oil and gas wells. Undeniably, direct participation in oil and gas programs...
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Rystad: A US gas boom is coming
Natural gas production in the US is set to grow to a record 93,3 bcfd in 2022 and will continue to rise, exceeding 100 bcfd in 2024, according to Rystad...
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Enerplus to acquire Bakken acreage, increases 2021 production guidance
Enerplus has agreed to acquire Little Knife and Murphy Creek acreage interests in the Bakken shale in Williston basin in North Dakota from Hess for $312 million and has updated...
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EIA: US crude inventories up 1.9 million bbl
US crude oil inventories for the week ended Mar. 19, excluding the Strategic Petroleum Reserve, increased by 1.9 million bbl from the previous week, according to data from the US...
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