Tuesday, June 16, 2026

Shale Oil Seen Stifling OPEC’s Historic Market-Balancing Role

From Bloomberg The surge in the global supply of shale oil has curbed OPEC’s ability to balance crude markets, a former Qatari energy minister said. The Organization of Petroleum Exporting Countries was able to balance the market in the past because output from shale oil deposits in the U.S. and other non-OPEC nations was insignificant, Abdullah bin Hamad al-Attiyah told

Electrical power

LNG Exports Just Got Easier

The U.S. House of Representatives passed the FY17 National Defense Authorization Act (NDAA), which authorizes $602 billion in funding for the Department of Defense and the national security programs of the Department of Energy. While defense spending has little effect on the oil and gas market compared to other factors, there was a provision in the bill that will affect

Syncrude Plant Site

Production Restarting at Canadian Oil Sands

Works are returning to the Canadian oil sands as wildfires move away from production sites The Alberta government lifted mandatory evacuation orders for the last of the oil sands accommodation and production sites Monday, beginning the process of inspections by forestry and health officials to make sure they are safe for workers to return. All of the oil sands facilities