BP is going big on American shale
BP is bulking up its operations in the United States.
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BP is bulking up its operations in the United States.
The oil market is on fire once again. On Thursday, crude spiked above $74 a barrel for the first time since late 2014.
The Permian Basin, arguably the most important oilfield in the world, is growing so fast that it hurts.
Head-spinning price swings have returned with a vengeance to the oil market.
The U.S. shale oil boom is recovering from the crash faster than almost anyone imagined, OPEC included.