Blogger's Corner - Fracking News

25 Jul, 2017

Oil rose as Saudi Arabia promised deep cuts to crude exports next month while the U.S. shale boom showed signs of slowing.

02 Jun, 2017

OPEC's decision in late 2014 to pump oil at high levels launched a devastating price war. It sent oil prices to 13-year lows, dealing a big blow to the shale revolution. Dozens of American producers fell into bankruptcy and countless oil workers lost jobs.

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01 Mar, 2016

NEW YORK (Reuters) - For leading U.S. shale oil producers, $40 is the new $70.

Less than a year ago major shale firms were saying they needed oil above $60 a barrel to produce more; now some say they will settle for far less in deciding whether to crank up output after the worst oil price crash in a generation.

27 Jan, 2016

How low can oil prices go? When pundits start competing to predict where the barrel will hit bottom, you know that a rebound is inevitable. It’s the inverse of what happens before a high-price bubble bursts. Only a few years ago forecasters were suggesting that oil might hit $300 a barrel

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