Shale:

Trump Budget Would Cut Agency Key to Shale Boom

An agency instrumental to America’s surge in energy production would lose half its funding in President Donald Trump’s proposed federal budget. The Energy Department’s Office of Fossil Energy, whose research helped push the U.S. closer…

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IEA: U.S. Shale Oil Production Growth ‘Impressive’

Cost savings and technological improvements have contributed to the “impressive growth” from U.S. shale oil, the International Energy Agency said. IEA Executive Director Fatih Birol delivered a presentation on the state of the global energy…

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U.S. Shale Roars Back at OPEC

OPEC may get its members to agree to continue to tamp down oil production, but it will be a Pyrrhic victory. The biggest threat to the 13-member group’s dominance has been U.S. shale. In November 2014, the Organization of…

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Saudi, Russia Oil Cuts to Make Texas Shale Producers ‘Happy’

U.S. shale oil producers are likely to be the biggest benefactors from a pledge on Monday by Saudi Arabia and Russia to extend oil production cuts through 2018. “I sort of wondered if they (Saudi…

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OPEC to U.S.: Please Don’t Pump So Much Oil!

OPEC has asked a favor of other major producers: Please stop pumping so much and help us balance the market. The unusual plea was issued Thursday in the cartel’s closely-watched monthly report, which found that…

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Shale Drillers are Outspending the World with $84B Spree

U.S. shale explorers are boosting drilling budgets 10 times faster than the rest of the world to harvest fields that register fat profits even with the recent drop in oil prices. Flush with cash from…

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