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Tag Archives: Platts

Oil prices to stay low amid glut, say analysts

SINGAPORE – Oil prices are likely to stay low for a long time as Iran is poised to rejoin the global economy, according to analysts. Talks between Iran and six major powers concluded earlier this month in a deal that gives the long-isolated Middle East economy the green light to export crude oil, in exchange for restrictions on its nuclear ...

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Bakken & Eagle Ford production up overall, flat in April

Oil production from major shale plays in North Dakota and Texas were flat in April compared to March, according to Bentek Energy, an analytics and forecasting branch of Platts, a leading provider of energy, petrochemicals, metals and agriculture information. As reported by PennEnergy, production in North Dakota’s Bakken shale only increased about 2,000 barrels per day (b/d) in the month ...

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China boosts oil trading visibility, market power: Russell

(Clyde Russell is a Reuters columnist. The views expressed are his own.) SINGAPORE – If you are looking for evidence that China is becoming more assertive in the global economy, then the trading of physical crude oil in Asia is a good example. Chinaoil, the trading arm of state-controlled giant PetroChina, bought a record 55 cargoes in the Middle East ...

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Production hits new highs in Eagle Ford, Bakken


Shane Thielges | Shale Plays Media Oil production in the Eagle Ford and Bakken shales continues to climb, according to the analyst company Platts. Petro Global News reports that production in the shales grew by a combined 78,000 barrels per day in August, a 3.1 percent increase over July. The benchmark once again sets new all-time production records. Eagle Ford’s ...

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Oil production increased in ND and TX in July


Lydia Gilbertson | Shale Plays Media Google+ Shale oil production increased during the month of July in the Eagle Ford and Bakken formations. The areas saw a 3.4% increase, or an additional 86,000 barrels of oil a day. The North Dakota rig count has increased to 200, which is the largest count in two years. North Dakota averaged 1.2 million barrels ...

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