MercoPress, en Español

Montevideo, June 18th 2018 - 02:06 UTC

Tag: Shale oil

  • Monday, March 5th 2018 - 08:25 UTC

    Beware: OPEC and US shale industry scheduled to meet and share dinner in Houston

    OPEC Secretary General Mohammad Barkindo and other OPEC officials are expected to hold a dinner on Monday with U.S. shale firms on the sidelines of the conference.

    Oil prices rose early on Monday ahead of a meeting between OPEC and U.S. shale firms in Houston, raising expectations that oil producers would discuss further how to clear a global oil glut. Oil ministers from the Organization of the Petroleum Exporting Countries (OPEC) and other global oil players are set to gather in Houston as CERAWeek, the largest energy industry conference, begins on Monday.

  • Friday, February 2nd 2018 - 09:52 UTC

    Why Is The Shale Industry Still Not Profitable?

    The average return on asset for U.S. shale companies “is still a measly 0.8%,” the financial services company wrote in its report.

    By Nick Cunningham of Oilprice.com

    Echoing the criticism of too much hype surrounding U.S. shale from the Saudi oil minister, a new report finds that shale drilling is still largely not profitable. Not only that, but costs are on the rise and drillers are pursuing “irrational production.”