About: shale oil
US shale will be first casualty of oil price war
Although the oil price war was triggered by the Russia-Saudi fall-out, US shale will be the first casualty, writes Robin Mills. In the process, the US will learn that producing a lot of oil at high prices is not the “energy dominance” it has made a centrepiece of foreign policy, he argues.
US shale under pressure to make ‘at least’ 25% price cuts
US shale producers are seeking sharp service costs cuts to deal with plummeting prices and shrinking demand, according to executives and a letter sent to top providers, driving home the oil industry’s desperate efforts to cope with a market dive.
OPEC Secretary General urges US shale oil producers to help cap global supply
OPEC’s Secretary General Mohammed Barkindo today (10 October) called on US shale oil producers to help curtail global oil supply, warning extraordinary measures might be needed next year to sustain the rebalanced market in the medium to long term.
Saudi Arabia, Russia agree oil output cuts to push up prices
Saudi Arabia and Russia, the world's two top oil producers, agreed today (15 May) to extend oil output cuts for a further nine months until March 2018 to rein in a global crude glut, pushing up prices.
Friedbert Pflüger: Climate change is no longer the EU’s only priority
The EU’s climate policy has not vanished but the approach today is probably more balanced towards other aims like energy supply security and competitiveness, Friedbert Pflüger said in an interview with EURACTIV Slovakia.