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for Upstream Investment

U.S. Crude Oil Production Reaches 11 Mbd Historic High
Stay on top of the latest developments in oil markets, geopolitical risk, and alternative fuel vehicles with the SAFE policy team's Chart of the Week.

As Shale Hits Roadblock, International Drilling Rebounds
For the first time since the price collapse, international drilling is finally picking up at a time when the blistering growth of U.S. shale is set to take a breather because of pipeline constraints.

Oil Majors to Thrive as Market Enters a Period of ‘Restraint’
The current environment is ideal for the oil majors: Lower production costs, consolidation, and cautious spending allow them to post massive returns.

Spending Declines, Low Discoveries Prompt Worries About Long-Term Oil Supply Outlook
Total capital and exploration spending on global oil and gas will likely bottom out in 2018, and investment may not recover to levels seen before the 2014 market downturn until the mid-2020s.

Cancellations, Delays of Capital-Intensive Projects Pose Long-Term Risks
The world still needs massive investment—all along the supply chain—to keep future price spikes from occurring and for countries to improve their energy security. But many in the industry have become more restrained in making big investments.

It’s Déjà Vu All Over Again: OPEC, Petroleum Investment, and the Threat to U.S. Consumers and Energy Security
Over the decades, a key to these extreme shortages and surpluses in the global oil market is OPEC’s role in structurally either undersupplying the market or mismanaging its investment function.

Peak Demand Would Not Crash the Oil Industry
If oil demand were to peak, the industry would likely see a good bit of consolidation, but the situation would not bring about a collapse.

SEC Investigation of ExxonMobil a Watershed Moment
Exxon has dismissed the probes of its accounting practices as unwarranted and politically motivated, but they could mark a watershed moment for the oil and gas industry.

Saudis Hold Steady in Upstream Investment While Others Slash Spending
Lost in the talk about the decrease in upstream spending is how Middle East producers, most notably Saudi Arabia, have not cut back in investment, setting the stage for them to see sharp gains in market share when tighter fundamentals are realized.

Can the Saudi Oil Price Gambit Still be Foiled?
"What is lacking, particularly in the US, is a robust public conversation about breaking oil’s monopoly and replacing it with cleaner transportation energy."