Italy

The US Shale boom isn't close to being over

4 monthes ago   |   By Business Insider

Andrew Burton/Getty
The number of units the US will produce in one month would break a record.
But there are still shale issues, even with the boom.
Capacity is one factor to look out for.
Shale oil production in the United States will rise by a record-breaking 144,000 bpd from May to June, hitting 7.178 million bpd, the Energy Information administration estimated in its latest Drilling Productivity Report.
Hardly surprisingly, the Permian will lead the way with a 78,000-bpd increase in production, from 3.199 million bpd this month to 3.277 million bpd in June. The Permian will be followed...
Read more ...

 

$100 oil isn't as painful as it used to be

$100 oil isn't as painful as it used to be

4 monthes ago   |   By Business Insider

Andrew Burton/Getty
In the past, high oil prices weighed on the US economy but the shale revolution has made the US one of the largest oil producers.
Higher oil price now redistribute wealth within the US and narrows the impact on the oil trade deficit.
Compared to the past, high oil prices may have more of a neutral effect on the economy.
Watch oil trade in real-time here.
Brent is nearing $80 per barrel and some analyst see $100 not far off. That raises the question about how much of a dent high oil prices will make in the U.S. economy.
$100 oil is not as painful as it once was. There...
Read more ...

 


Search by Tags

   Italy      Business      OilPrice.com      U.S. shale boom      Oil Markets      Traveling      Travel      Oil price      Oil Production      Shale      OPEC  


Welcome to Georgia

Welcome to Georgia

Georgia – Tbilisi has been the capital city since the fifth century, the country of one of the most ancient histories and cultures in the world. Its special geographical... Read more ...

Joburg tourism celebrating tourism month by unveiling VIC, website and mobi-app

Joburg tourism celebrating tourism month by unveiling VIC, website and mobi-app

Joburg Tourism is celebrating Tourism Month this year by unveiling not only the new Visitor Information Centre in Nelson Mandela Square, but also an updated, fresh website and... Read more ...

BLESS Collection Hotels unveils website opening reservation system for BLESS...

BLESS Collection Hotels unveils website opening reservation system for BLESS Hotel Madrid

BLESS Collection Hotels,the new luxury brand of Palladium Hotel Group, launches its, an exclusive journey through the pleasures of life, which will become tangible in the... Read more ...

Radisson Hotel Group expanding its business with new appointments

Radisson Hotel Group expanding its business with new appointments

Radisson Hotel Group is stepping up its China expansion effort with several significant hotel signings, new property openings and a handful of key appointments. The company... Read more ...

Camp Comfortably With This Klymit Gear Gold Box

Camp Comfortably With This Klymit Gear Gold Box

Klymit pads are lightweight and inflate incredibly easy, so they're ready to be packed into an overnight bag and hiked up a mountain. And right now, Amazon is running a Klymit... Read more ...

Southwest Airlines adds free in-flight messaging

Southwest Airlines adds free in-flight messaging

Southwest Airlines is the latest carrier to offer free in-flight messaging. The airline had been charging $2 per flight for the service since 2013, a price that is still listed... Read more ...

IBTM China concludes on a good note, sees a surge in buyers

IBTM China concludes on a good note, sees a surge in buyers

After successful hosting high quality meetings at the China National Convention Centre in Beijing recently concluded that took place from 12-13 September. The tow days of... Read more ...

Middlesex University Dubai announces celebration of World Tourism Day

Middlesex University Dubai announces celebration of World Tourism Day

Middlesex University Dubai has announced the celebration of the World Tourism Day on Thursday 27 September this year. The day will include an expert panel discussion and a... Read more ...

Save On Hundreds Of Luggage Pieces From Nordstrom Rack's Travel Flash Sale

Save On Hundreds Of Luggage Pieces From Nordstrom Rack's Travel Flash Sale

Shop Nordstrom Rack's Travel Flash Sale and save on hundreds of pieces of luggage, including luggage sets, carry-ons, back packs, hand bags, roller bags, and duffels. There's a... Read more ...

Four Seasons Hotel São Paulo at Nações Unidas Now Confirming Reservations...

Four Seasons Hotel São Paulo at Nações Unidas Now Confirming Reservations Ahead of Opening

The countdown is on to the grand opening of Four Seasons Hotel São Paulo at Nações Unidas, as the Hotel opens its reservations books and confirms arrivals beginning October 15... Read more ...

2nd Annual Travel Tech Middle East Congress will recognize the new players...

2nd Annual Travel Tech Middle East Congress will recognize the new players of tourism world

Verve Management is thrilled to reveal the launch of Travel Tech Gala Awards 2018, dedicated to support, promote and the develop the Middle East Travel and Tourism Industry by... Read more ...