Is The U.S. Oil Patch A Value Trap?
While the S&P 500 is up 6.49 percent , year to date (YTD), it has not brought any cheers to energy investors. Energy investors continue to see their investment bleed, Continue Reading
Nimble Shale Drillers Outpump Giants, Confounding OPEC Clampdown
Exxon, Pemex oil output fell while Chevron’s grew by just 0.4% Independent, shale-focused drillers pumping double-digit gains The biggest oil explorers in the world are being left in the dust Continue Reading
Oil eases, near weakest since late March on small U.S. stocks decline
Crude oil lost ground on Thursday, falling for a third out of four sessions and trading near its lowest since late March after data showed a lower than expected decline Continue Reading
Oil Rebounds From 6-Week Low on Signs of Easing U.S. Supply Glut
OPEC deepens production cuts in April vs March, survey shows Oil rebounded from a six-week low after a U.S. industry report signaled a supply overhang in the world’s biggest consumer Continue Reading
Big Oil Is Making Enormous Efficiency Gains
Efficiency and costs are the two magic words of the oil industry today. While just a few years ago the top priority was production growth, followed by more production growth, Continue Reading
Saudi Power Struggle Could Destabilize The Entire Middle East
Political instability in Saudi Arabia is growing as King Salman bin Abdulaziz begins to overhaul the Saudi government, putting a long list of family members into positions of influence while Continue Reading
Saudis To Retain Full Control Over Aramco’s Oil After IPO
Saudi Arabia will continue to have full control over the oil wells and production of Aramco, after the much-anticipated initial public offering of around 5 percent of the Saudi oil Continue Reading
Russia resumes oil shipments to Cuba, helps fill Venezuelan breach
Russia has begun shipping large quantities of oil to Cuba for the first time this century, sources said, as supplies to the island from crisis-wracked Venezuela have dwindled. A Russian Continue Reading
PetroVietnam says Venezuela oil project still stalled, hopes to reactivate
PetroVietnam’s joint venture with Venezuela’s state-run oil company PDVSA remains stalled but the Vietnamese company hopes ongoing talks will lead to reactivation of operations, a top executive for the company Continue Reading
Summary of Weekly Petroleum Data for the Week Ending April 28, 2017
U.S. crude oil refinery inputs averaged about 17.2 million barrels per day during the week ending April 28, 2017, 108,000 barrels per day less than the previous week’s average. Refineries Continue Reading