Crude oil has been having a great 2021 so far—a very different situation to last year’s when the pandemic devastated demand for all commodities fueling a price rout that lasted well into 2020. Now, commodities are back with a vengeance, and nowhere is this vengeance clearer than in oil. Crude has become the hottest commodity […]
Namibia is currently witnessing what could become one of the most spectacular explorational oil plays in recent memory, and one Canadian driller is at the center of this brand-new, potential blue-sky opportunity. This is what this oil play review and update is all about. Reconnaissance Energy Africa (TSXV:RECO, OTC:RECAF) is in the process of attempting […]
We are all in this together, right? Sometimes bringing people together to operate as one can be a better overall solution. It is better than everyone fighting their own individual fight. This is especially true if everyone involved has one common goal. In this comprehensive guide, we will define and explain everything you need to […]
The benchmark of current US oil prices, WTI Crude, hit its highest level since November 2014 early on Tuesday. This is after OPEC+ on Monday called off its third attempt to reach an agreement. Discussed is over oil policy management for the coming months. In Asian trade earlier in the day, WTI Crude touched $76.50 […]
Higher oil prices and capital expenditure discipline are setting the stage. This is for the highest free cash flow on record for the world’s exploration and production companies this year. And U.S. shale firms—set to generate $60 billion free cash flow—are primed for playing a key role. The record-breaking free cash flow from global upstream […]
In order to start earning mineral royalty payments, you must first acquire mineral rights. Are you looking at your options? Then you may be able to purchase mineral rights as a part of a larger property transaction. Let simply say it is a standalone asset. Usually, there is a separation process of mineral rights from […]
Rising prices at the pump will not be the biggest problem for some drivers this holiday weekend. Their biggest problem will be empty pumps – the result of a shortage of tanker truck drivers. The question is, “Will there be a July 4th gasoline shortage?” GasBuddy’s Patrick De Hann tweeted yesterday there were no issues […]
Long before the discovery of oil, gold, and other precious materials in America, mineral ownership has always established wealth. There are energy-generating coal and natural gas alongside other precious metals and resources. That’s why mineral ownership can be extremely valuable and thus vary hard to acquire. That’s also why looking for a qualified buyer has […]
Is it really too late to avoid a major oil supply crisis? There are a number of observable trends in oil supplies and by extension prices, presently. I am going to discuss one of them in this article. A lack of capital investment in finding new supplies of oil and gas. A favorite analogy of […]
U.S. oil output from seven major shale formations is set to rise by about 38,000 barrels per day (BPD). This is set in July to about 7.8 million BPD. The highest since November, the U.S. Energy Information Administration said in a monthly forecast on Monday. The biggest increase is set to come from the Permian. […]
