Few could have predicted the sequence of events triggered by former Prime Minister David Cameron ... Read full story › Source:: Oil Voice       

By hellenicshippingnews.. U.S. shale oil production in April was set for its biggest monthly increase since October as output in the Permian Basin, America's fastest growing shale oil region, was expected to hit another record high, government data showed. Total shale oil production was expected to rise 109,000 barrels per day to 4.96 million bpd, […]

By hellenicshippingnews.. Top shale oil producers are lifting their crude and gas reserve estimates for the first time in two years – even as many major oil companies are cutting the same projections and taking write downs on more expensive fields. Rising confidence in the growth prospects of the U.S. shale patch is in striking […]

By hellenicshippingnews.. A drilling surge in America's hottest oil play may prove to be a pitfall for natural gas bulls. As explorers extract crude from the Permian shale in West Texas, they're also producing gas. A jump in the number of rigs operating in the basin is adding to the so-called fracklog, or the number […]