Commodity Trade Mantra

Posts Tagged ‘Exxon’

Why Saudi Arabia Just Boosted Oil Production To A Record High

The problem for oil producers and investor is that the Saudis are not acting in isolation. The combination of rising U.S. production and rising Saudi production can only be bearish for oil prices. The prospect of oil testing its January low should not be ruled out, especially if Iran is given the green light to ramp up exports.

US Shale Under Pressure From More Than Just Low Prices

Denton’s ban prohibits drilling within the city limits and joins other local referendums passed. The lasting effect of such local referendums is yet to be seen, but they come at a difficult time for an oil and gas industry. New well permits issued in November fell nearly 40%t from the previous month which indicates a slowdown in shale plays across the US.

An Even Better Way to Play Big Oil

Big oil companies thinking conventionally, left the U.S. oil patch years ago & with each step they moved further from conventional oil production. They thought the commercial amounts of US oil were long-gone. And were wrong. Small companies with determined owners cracked the code to America’s shale plays.

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