OPEC's announcement that it is keeping crude output levels unchanged again, despite a collapse in oil prices, reflects the growing influence of booming US shale but analysts say the cartel is still the dominant player.
Saudi Arabia is trying to maintain its share of the global oil market rather than use its power in OPEC to curb U.S. producers, according to David Petraeus
The OPEC cartel, which meets on output this week, appears to have changed its approach to US shale oil -- which it now welcomes as part of the global energy landscape.
Mediterranean states are on track to increase energy demand by 50 percent over the next 25 years, according to regional researchers, with the brunt of the growth falling on the southern part of the region.
PetroChina announced on its official website on May 26 that the country's first 100-million-tonne large-scale shale oilfield has been discovered, the Xinanbian oilfield in northern Shaanxi, adding further oil resourc ...
Shale oil producers, benefiting from lower costs, are expected to ramp up drilling activity if the price of U.S. oil stays near $60 a barrel, Goldman Sachs said.
Independent oil and gas producer Third Energy has lodged an application for hydraulic fracturing, or fracking, at a shale gas site in northeast England, the third such application being assessed by British authorities.