U.S. shale production has already begun to decline as very little shale oil production is currently profitable. The end result is very predictable, even if the timing is not.

Rising costs are impacting new oil production, but shale projects and certain ... while deepwater has a slightly higher average CO2 intensity of 15 kg per boe. The oil sands sector again ...

Shale oil is not cheaper than crude oil because shale oil is more capital and labor-intensive. Typically, when the price of oil is too low, shale oil production stops because it does not become ...

JPMorgan estimates that U.S. crude oil production will grow by 3.6% between now and the end of the decade to reach about 13.5 million barrels a day. That compares to a roughly 13.4% increase in ...

According to data from oil service provider Baker Hughes, the number of active oil rigs in the US fell by a further six last ...

Oil shale is a type of sedimentary rock formation that is used to produce oil ... The production process for oil shale is usually more expensive and capital-intensive than conventional crude oil.

American refiners are relying on oil supplies from the country’s biggest shale basins more than ever as flows of denser ...

Oil drillers in the U.S. shale heartland are slowing down operations, a sign that OPEC's high-stakes price war is starting to pay off, but Saudi Arabia will need to exert a lot more pain to make a ...

American oil production is hitting record levels, delivering economic and foreign policy benefits but putting environmental goals further out of reach. By Clifford Krauss Clifford Krauss, who is ...

In 2024, Shengli’s shale oil production exceeded 500,000 tonnes. Spanning 7300 square kilometres in Shandong province, the Jiyang shale oil asset is part of China’s broader strategy to harness ...