Oil Prices Rise As The U.S. Rig Count Falls
The number of active oil rigs in the United States fell this week by 1 rig as drillers in the United States proceed more cautiously than earlier in the year. Continue Reading
Higher-cost crude could squeeze margins at U.S. refiners
U.S. refiners could face a continued squeeze on profit margins in the months ahead as dwindling supplies of heavy crude from Venezuela and elsewhere are leading several to switch to Continue Reading
Energy Suppliers Find Fresh Lift From Offshore Wind
For more than three decades, Gulf Island Fabrication Inc. has built foundations to anchor offshore-oil platforms to the ocean floor. Now, as lower oil prices take a bite out of Continue Reading
Under Trump, Coal Mining Gets New Life on U.S. Lands
The Trump administration is wading into one of the oldest and most contentious debates in the West by encouraging more coal mining on lands owned by the federal government. It Continue Reading
‘Nothing To See Here’ – Frackers Ignore Rising Well Decline Rates
Shale wells suffer from steep decline rates. A rush of output occurs at first, but almost immediately after the well comes online, the flow rate drops off precipitously. And within Continue Reading
Shale Producers Hedge At Much Lower Prices
Shale oil producers are hedging again – this is the latest message coming from investment banks and analytical firms, according to Bloomberg . After hedging largely died down when WTI Continue Reading
Is The Shale Rebound Causing A Return Of Flaring?
Underneath the surface of North Dakota is the Bakken Formation, which is part of the Williston Basin that also lies underneath parts of South Dakota, Montana, southwestern Manitoba and southern Continue Reading
Among States, Texas Consumes the Most Energy, Vermont the Least
Source: U.S. Energy Information Administration, State Energy Data System. EIA’s State Energy Data System (SEDS) recently released 2015 data estimates for all 50 U.S. states and the District of Columbia. Continue Reading
Is The EIA Exaggerating U.S. Oil Production?
Oil is back at $50 per barrel, restoring some semblance of confidence in the market. But that is just about as much as we can expect in terms of a Continue Reading
‘Lucifer’ Heat Wave Keeps Parts of Europe in Red Alert – Bloomberg
No wonder it’s been dubbed “Lucifer.” A relentless heat wave that gripped parts of Europe this week has sent temperatures soaring to record highs for several days, causing at least Continue Reading