Russia Says UAE's 'OPECxit' Won't Spark Immediate Price War

Major US Shale Producer To Boost Output, And It Suggests One Thing Last month, roughly three weeks into the U.S.-Iran conflict, UBS chief economist Arend Kapteyn told clients that one reason this Middle East energy shock is "not like the 2011-2014 shale boom" is the lack of a comparable response from the U.S. shale patch. In other words, the oil shock was viewed as temporary by major shale players and not worth adding new drilling rigs to the mix. But now, on day 35 of Operation Epic Fury, that assumption about...

Citadel Eyes US Shale As Oil Trading Moves Closer To The Wellhead Authored by Julianne Geiger via OilPrice.com, Citadel is shopping for U.S. oil production assets, including a previous bid for WildFire Energy before Magnolia Oil & Gas agreed to buy the Eagle Ford producer for $4.06 billion. Reuters reported Friday that the hedge fund and commodities trader has held talks with several private-equity owners of oil-weighted exploration and production companies in recent weeks. WildFire would have given Citadel roughly 53,000 barrels of oil equivalent per day of production, about 70% of it...

America Is Using The Wrong Artificial Intelligence Scoreboard Authored by Paul Meeks via RealClearMarkets, Since OpenAI released ChatGPT in late 2022, America has kept score in the artificial intelligence race by asking which lab has the best model. Unfortunately, that scoreboard is dangerously incomplete. Frontier capability matters, but temporary benchmark leads do not by themselves create durable technological dominance by any single nation. The true national edge comes when its technology becomes the platform on which the world builds. The distinction came into focus at the White House in August. Administration officials...