Tag Archives: OPEC

OPEC is now effectively dissolved – BofA

By Ambrose Evans-Pritchard, The Telegraph – Aug 5, 2015 Saudi Arabia may go broke before the US oil industry buckles It is too late for OPEC to stop the shale revolution. The cartel faces the prospect of surging US output … Continue reading

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Oil slump consumes market value of Colorado producers

By Aldo Svaldi – The Denver Post – January 3, 2015 The slump in oil and gas prices that started in June has cost Colorado’s petroleum companies billions in lost market value — enough to cover the entire state budget for the … Continue reading

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Oil prices likely to rebound in second half of 2015: Reuters poll

By Koustav Samanta and Vijaykumar Vedala, Reuters, December 22, 2014 (Reuters) – Crude oil prices are likely to bottom out in the first half of 2015, until a possible slowdown in U.S. shale production counters a supply glut exacerbated by … Continue reading

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Low prices don’t slow Weld oil/gas operators

Area ‘continues to be economic and profitable’ By Vince Winkel – Times-Call staff writer – December 13, 2014 Last week, the benchmark U.S. oil price tumbled below $60 a barrel for the first time in five years. That slide, which was … Continue reading

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ConocoPhillips’ Shale Operations In The Face Of Sub-$70 WTI

Callum Turcan – Seeking Alpha – November 28, 2014 Summary OPEC decided to meet its current production target, which caused a 7% slide in oil prices. ConocoPhillips is investing heavily in shale plays that are very vulnerable to swings in … Continue reading

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OPEC leaves oil output unchanged

Saudis and their Gulf allies hope to put economic pressure on rival producers. By George Jahn – The Associated Press – November 28, 2014 VIENNA — Reflecting its lessening oil clout, OPEC decided Thursday to keep its output target on hold … Continue reading

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Saudis Go Back to the Future to Take on U.S. Shale Rivals

Rockpick: With Niobrara Oil on average being profitable at just over $55 bbl, the Niobrara overall is still viable at current prices, however it looks like the Saudi’s are determined to demonstrate their considerable power in the marketplace to their … Continue reading

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