Exxon, Chevron Focus on Oil Projects in the Americas
The two largest U.S. oil companies are pulling back on big international oil projects and concentrating on a handful of more lucrative assets closer to home.
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The fourth quarter of 2018 has been a wild ride for oil markets and—though somewhat overshadowed by crude—a historic month for US natural gas markets as well.
Market memories are short, and the fact that US natural gas benchmark Henry Hub hasn’t seen a bullish winter since 2013–14 may explain apparent complacency about unusually low storage levels heading into winter.
The Permian Basin is one of the great US shale oil success stories.