US shale producers to contain their enthusiasm as oil hangover eases

Shale oil companies are ready to play chicken with supply and demand again, according to a report by Bloomberg. Roiled by a year that began with crude at a 12-year low and ended with a surprise OPEC agreement boosting prices, U.S. producers including Continental Resources and Pioneer Natural Resources are promising not to overreact —…


Iran discovers new shale gas reserves

A National Iranian Oil Company (NIOC) official said that new shale gas reserves have been discovered in west Iran exploration blocks. Iran has also joined the push for shale oil and gas around the globe as NIOC has so far defined four study projects in an attempt to discover shale reserves in Lorestan province and…