Shale

An agreement could be worth as much as $60 billion and may be completed in the coming days provided there are no complications, according to the Wall Street Journal, which first reported the talks on Thursday.

Higher oil prices mean Wall Street's shale investments will finally pay off

Shale investors recovered about 50 cents for each dollar they invested during the 2010-2020 period. But last year, shale grew strongly enough to push overall US petroleum output to an all-time high

Oil Update: What should investors do after the OPEC shocker?

Portfolio construction should be focused on business models that can survive high cost of capital; avoid pockets where the margin of safety is limited

US turns into 'oil nation' with record exports

The US exported a record amount of crude oil, topping a million barrels a day for a second week and filling the gap in world markets created by OPEC cutbacks.

Will be debt free by end of the year: Vinati Organics

The company has passed on crude price movements to customers, says Vinati Saraf Mutreja, ED of Vinati Organics.

Crude at $35 but 'bottom not yet in': Citigroup

According to Edward Morse, the Global Head of Commodities Research at Citigroup, the bad news for the oil market is far from over.

Divided OPEC fails to agree on production ceiling

OPEC members failed to agree an oil production ceiling on Friday at a meeting that ended in acrimony, after Iran said it would not consider any production curbs until it restores output scaled back for years under Western sanctions

Jim Rogers says commodity bear market to end in a year

The legendary investor's view on oil and gold is the same: they're both headed lower in the short term and higher in the long term.

Crude to average $60, gold $1000 next year: SocGen

Mark Keenan of Societe Generale has good and bad news for oil and gold.

OPEC agrees to maintain production limit: Saudi oil min

Both Brent and West Texas Intermediate oil prices spiked on the news that the organization's output target would remain at 30 million barrels a day.

Technology for Saudi fracking boom moves closer to reality

A small pilot project about to get under way is the energy market equivalent of a moonshot, but it could allow a Saudi fracking boom to move one step closer to reality.

RIL says invested Rs 1 lakh cr in key businesses in FY15

In the company's annual report, RIL chairman Mukesh Ambani pointed to three areas that he expects to be key drivers of earnings: telecom, retail and shale.

Worst of crude still ahead; oil may slip into $30s: Expert

U.S. inventory numbers are growing at a pace of a million barrels a day, and there's no sign of its slowing down, said Morse, global head of commodities research for Citi. That, in turn, is causing storage space to run low, and oil prices will go down to accommodate finding more expensive storage, he said

Oil surges 8% as US rig count plunges, shorts cover

In a rally that may spur speculation that a seven-month price collapse has ended, global benchmark Brent crude shot up to more than USD 53, its highest in more than three weeks, after Baker Hughes data showed the number of rigs drilling for oil in the United States fell by 94 - or 7 percent - this week.

BP on crude shock: Fundamentals are being priced into oil

On the sidelines of the World Economic Forum, CNBC-TV18‘s Menaka Doshi caught with Dev Sanyal, Executive VP – Strategy & Regions, BP, to get his take on the sharp decline in the prices of crude in the past six months.

OPEC sees 2015 oil supply surplus rising further

Oil prices have fallen almost 60 percent since June, partly because OPEC in November decided against cutting output to retain market share against rival suppliers. The rout has put forecasts for the boom in US output in the spotlight.

Dollar, crude could knock global economy out in 2015

The recent strength in the US dollar and the dramatic fall in crude oil prices have brought in focus the potential impact they could have on the global economy.

OPEC won't stop US oil production growth

Saudi Arabia may continue to stay away from cuts even if prices continue to move lower: OPEC's biggest producer now expects Brent crude to stabilize at around USD60 a barrel, which is a level the Saudis could withstand, according to a Dow Jones report Wednesday.

State oil refiners seek flexible deals to tap new markets

A push to include both fixed and optional volumes in contracts would allow refiners to fill some of their needs from cheaper spot cargoes now on offer from suppliers such as Algeria, Latin America and Canada as US demand has dwindled.

RIL to use US ethane instead of costly naphtha: Edelweiss

Jal Irani, senior vice-president - wholesale capital markets at Edelweiss Financial Services says US ethane will be a substitute for expensive propane and naphtha

US shale boom has minimal impact on Gulf oil, gas: report

The report points out that the shale boom could impact the oil price in an extreme medium- to long-term extreme scenario. Under this scenario, shale oil supplies increase substantially from the US and sufficient infrastructure would be in place to render shale oil exports competitive with GCC oil exports

See natural gas stocks build-up post mid 2013: Nirmal Bang

Continuous increase in domestic production of shale oil and gas in the US has resulted in oversupplied market conditions, lowering the prices of this commodity, says Nirmal Bang research report.

RIL may price $1bn bond on Thursday: Sources

Reliance Industries may price as early as Thursday a USD 1 billion 10-year bond that will be used to fund capital expenditure in its US shale gas business, two sources with direct knowledge of the deal said.

RIL to invest USD 700-900 m in Shale JVs in FY12

Reliance Industries is planning to invest USD 700-900 million in the Shale joint venture in FY12, reports CNBC-TV18 quoting sources.