An Unexpected Boon For Alberta’s Oil Producers
Alberta light oil producers have been decimated over the last few years, and especially so in the last nine months following the “blow up” in the Canadian light oil differential Continue Reading
Signs Of Slower Permian Oil Growth Continue To Emerge
While U.S. shale production is booming and the Permian continues to set new production records , the pace of growth is slowing as many companies have recently scaled back production Continue Reading
FINANCE COSTS ARE KILLING THE SHALE INDUSTRY
If the rapid decline rate or the massive debt doesn’t destroy the U.S. Shale Industry, the finance costs most certainly will. The amount of interest expense the shale companies have Continue Reading
German North Sea wind power output rose 16% in January-June – TenneT
Power production from German North Sea wind farms from January to June totaled 9.51 terawatt hours (TWh), 16% more than in the same 2018 period, grid company TenneT GmbH said Continue Reading
Oil Prices Rise Amid Further Rig Count Decline
The US oil and gas rig count fell by 5 this week, according to Baker Hughes, after losing rigs last week as well. The total number of active oil rigs Continue Reading
Oil flat as tropical storm limits output, glut forecasts weigh
Oil prices were little changed on Friday as U.S. Gulf of Mexico crude output dropped by more than half from disruptions caused by a tropical storm, but concerns over a Continue Reading
WTI Tops $60 On Gulf Of Mexico Shut-Ins
Oil prices rose this week, pushed higher by geopolitical tension and the tropical storm in the Gulf Coast. Friday, 12th July 2019 Roughly 30% of Gulf of Mexico production shut Continue Reading
IEA sees oil market oversupplied in 2019 on U.S. production
urging U.S. oil output will outpace sluggish global demand and lead to a large stocks build around the world in the next nine months, the International Energy Agency (IEA) said Continue Reading
Is A Crude Glut Looming?
Crude oil supply in the world exceeded demand by 900,000 bpd in the first half of the year, the International Energy Agency said in its latest monthly Oil Market Report Continue Reading
Oil Supply Exceeds Demand in 1H
Oil supply exceeded demand by 0.9 million barrels per day (MMbpd) in the first half of 2019, according to the International Energy Agency’s (IEA) latest oil market report. In a Continue Reading