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Month: June 2017

Category:
  • Peak Oil

The “Peak Oil” Pig Returns With A New Shade Of Lipstick

Proponents of a new strain of the always-tiresome, never-correct “Peak Oil” theory have returned to the public discourse , this time with a new theory coming from the other side Continue Reading

Posted On : 29 Jun 2017 Published By : Tom Whipple
Category:
  • exports
  • USA

U.S. exports of crude oil and petroleum products have more than doubled since 2010

U.S. crude oil and petroleum product gross exports have more than doubled over the past six years, increasing from 2.4 million barrels per day (b/d) in 2010 to 5.2 million Continue Reading

Posted On : 29 Jun 2017 Published By : Tom Whipple
Category:
  • Oil Supply
  • USA

Washington: An energy-dominant U.S. is free from external shocks

An energy-dominant United States means the country is self-reliant and isolated from countries that aim to use energy as a weapon, the energy secretary said. U.S. President Donald Trump is Continue Reading

Posted On : 29 Jun 2017 Published By : Tom Whipple
Category:
  • Oil Supply
  • USA

Summary of Weekly Petroleum Data for the Week Ending June 23, 2017

U.S. crude oil refinery inputs averaged 16.9 million barrels per day during the week ending June 23, 2017, 262,000 barrels per day less than the previous week’s average. Refineries operated Continue Reading

Posted On : 29 Jun 2017 Published By : Tom Whipple
Category:
  • Canada
  • Pipelines
  • Tar Sands

Pipeline Pinch Adds to Oil-Sands Woes as Keystone Wait Drags

Producers have little choice but to move those extra barrels by train, with costs two to three times higher than pipeline shipping. (Bloomberg) — Call it the pipeline pinch, or Continue Reading

Posted On : 29 Jun 2017 Published By : Tom Whipple
Category:
  • Russia

No problem, Russian oil company says after cyberattack

Russian oil producer Rosneft, one of the first to admit its systems were hit by Tuesday’s cyberthreat, said production was unaffected by the attack. Rosneft said Wednesday its operations were Continue Reading

Posted On : 29 Jun 2017 Published By : Tom Whipple
Category:
  • p-

Wind power’s big bet: turbines taller than skyscrapers

FILE PHOTO: A crew boat passes through Horns Rev 2, a wind farm off the west coast of Denmark near Esbjerg September 15, 2009. REUTERS/Bob Strong/File Photo Wind farm operators Continue Reading

Posted On : 29 Jun 2017 Published By : Tom Whipple
Category:
  • Prices

Oil up for fourth day on short-covering, supply glut caps gains

Crude oil futures rose for a fourth consecutive session on Tuesday as investors covered short positions, though worries over a festering supply glut kept a lid on prices. U.S. West Continue Reading

Posted On : 27 Jun 2017 Published By : Tom Whipple
Category:
  • Prices

Oil climbs on weaker dollar, but rise in U.S. drilling drags

Oil prices rose early on Monday on a weaker dollar, but increased U.S. drilling activity stoked worries that a global supply glut would persist despite efforts by some producers to Continue Reading

Posted On : 27 Jun 2017 Published By : Tom Whipple
Category:
  • Prices

Gloomy Outlook Sees Hedge Funds Turns Bearish On Oil

Hedge funds slashed their bets on the three main long oil futures contracts by 109 million barrels in the week that ended on June 20th, according to a new report Continue Reading

Posted On : 27 Jun 2017 Published By : Tom Whipple

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