for Shale Oil
As the energy transition gathers pace, the strategies between the world's oil majors have begun to diverge.
While U.S. shale has recovered from a brutal 2020, it remains to be seen how long it will stick to its "capital discipline" mantra.
Exxon's board reshuffle has sent shockwaves through oil companies, as a new era of corporate scrutiny beckons.
The recovery seen in the Permian has not yet extended to the Bakken, as it struggles with higher costs and stagnant production.
Drilling returns to the shale patch as oil prices rise, but it remains to be seen if this activity will result in production.
The outcome of the election will have significant implications for the energy industry – but some trends are beyond White House control.
Oil prices fall as the summer driving season ends, inventories remain high and refineries worldwide struggle with overcapacity.
In a sign of the times, ExxonMobil has been replaced on the Dow Jones Industrial Average by tech company Salesforce.
U.S. state governments dependent on oil and gas revenues face a fiscal crunch as COVID-19 hits production.
The oil market is close to rebalancing, and one big factor has been the steep decline in U.S. shale production.