U.S. factory output drops for third time in four months
Declining output of cars and machinery led U.S. factory production to fall unexpectedly in April, a sign the economy is losing a step as a trade war with China intensifies. Continue Reading
U.S. crude stockpiles rise unexpectedly to highest since 2017: EIA
U.S. crude oil stockpiles rose unexpectedly last week, climbing to their highest since 2017 amid a release from the national emergency reserve, while gasoline inventories decreased more than forecast, the Continue Reading
Weekly Petroleum Status Report
Summary of Weekly Petroleum Data for the week ending May 10, 2019 U.S. crude oil refinery inputs averaged 16.7 million barrels per day during the week ending May 10, 2019, Continue Reading
Analysis: US crude inventories climb 5.43 million barrels on rising imports: EIA
Saudi, Iraq, Colombia, Brazil, and Kuwait lead import surge Strong margins a boon for refiners returning from turnarounds Atlantic Coast gasoline stocks 5.8% below five-year average US crude inventories climbed Continue Reading
Another first for US LNG exporters as six facilities receive gas same day
Highlights Four terminals producing, two more preparing to start up Activity a demand driver for midstream, upstream sectors Houston — Gas deliveries were observable Wednesday at all six US LNG Continue Reading
Houston Ship Channel reopens for normal traffic
The Houston Ship Channel has reopened to both inbound and outbound traffic after a tanker-tug collision last week, a spokesman for the Joint Information Center of the Unified Response Team Continue Reading
North Dakota oil output totals 1.39 million b/d in March, up 4% on month: state
North Dakota oil production in March totaled 1.39 million b/d, up 4% from February but still below the all-time high earlier in the year, the state’s Department of Mineral Resources Continue Reading
Schlumberger in $400MM Deal to Sell Drilling Assets
Schlumberger is divesting non-core drilling assets to Wellbore Integrity Solutions for $400 million. Schlumberger is selling its businesses and associated assets of DRILCO, Thomas Tools and Fishing & Remedial services Continue Reading
Electric Vehicles Are Overwhelmingly More Energy Efficient – Bloomberg
Bloomberg NEF’s latest annual outlook for electric vehicles is here. As usual, there’s a lot packed into those 130-odd pages. Here are two nuggets to get you started. First, Bloomberg NEF forecasts Continue Reading
Canada’s Pipeline Crisis Isn’t All Bad For Investors
Canadian oil producers have been having a hard time after the 2014 crisis, harder than their peers elsewhere, constrained in their recovery and growth plans by a shortage of oil Continue Reading