Floods Swamp U.S. Farm Belt
The wettest year on record is raising costs for the nation’s biggest agricultural companies, stalling farmers’ fieldwork and slowing shipments across the U.S. Farm Belt. “It’s got to be the Continue Reading
The Myth Of Cheap Shale Oil
The breakeven cost of producing oil from U.S. shale is roughly the same as non-shale, despite the tidal wave of investment into the sector. According to the Federal Reserve Bank Continue Reading
EIA tight oil estimates
The US Energy Information Administration publishes Tight Oil Production Estimates by Play each month (can be found at link above.) I noticed this month that the estimates seemed different than Continue Reading
SEA OF RED: Majority Of U.S. Shale Companies Took A Beating Q1 2019
The overwhelming majority of U.S. shale companies were hit hard due to lower oil prices in the first quarter of the year. Just about every shale company that I keep Continue Reading
U Delaware team synthesizes base oils at high yields from biomass
Lubricants—a more than $146-billion market serving numerous applications, automotive among them—are produced from base oils derived from petroleum mineral oils (mineral base oil) or synthetic oils such as poly-α-olefins (PAOs) Continue Reading
Diamondback’s Rattler Raises $665MM
Rattler Midstream Partners LP raised $665 million in the biggest energy initial public offering of the year, pricing an increased number of shares in the middle of its targeted range. Continue Reading
Russian Pipeline Shutdown Shifts Balance in Oil Market
The shutdown of a major Russian pipeline that sends crude to European refineries has fueled concerns of tightness in the global oil market, driving futures prices higher. Problems with the Continue Reading
Moscow May Use ‘Nuclear Option’ In European Gas Race
The competition for a stake in the European gas market is heating up in 2019, which promises to be an important year. The outcome of this contest will have a Continue Reading
Vitol exec sees China as main buyer for dirty Russian oil cargoes
London — Oil traders and refiners with cargoes of contaminated Russian oil may be forced to find buyers for the unwanted shipments in China or Japan where the corrosive crude Continue Reading
Russia: Clean Crude Oil To Reach Slovakia, Hungary Within Week
Russia is sending clean within-standards crude oil via the Druzhba pipeline toward Hungary and Slovakia, with first clean oil expected to arrive at the metering stations in those countries within Continue Reading