Monday, August 3, 2026

Shale May Not Be Enough to Meet Oil Demand as Big Discoveries Fade

From Bloomberg Cheaper wells boosted output, but made big projects too risky After price drop, companies focus on expansion, not new fields Three years after causing an oil-price crash, the shale boom may not be enough to meet rising global demand because the industry has cut back so sharply on higher-risk mega-projects. Discoveries of new reserves this year were the

Cushing oil storage tanks -oilandgas360

World’s Crude Stockpiles Will Increase in 2018: Morningstar

U.S., Libya and Nigeria will drive up global supply From Morningstar Crude fundamentals look healthier than they’ve been for years, largely due to voluntary curtailments from OPEC and its partners. By giving up 1.8 million barrels per day (mmb/d), combined, this group has engineered a temporary supply shortage in an effort to realign global inventories with the long-term average before