Which Oil Major Is The Most Resilient?
Wood Mac analysts looked into supermajors’ costs, balance sheets, and portfolios, to rank them based on what the consultancy calls cash margin. On this basis, Chevron topped the ranking with Continue Reading
U.S. Shale Could Take Years To Recover From The Oil Price Crash
U.S. oil production will probably take more than two and a half years to return to its record 13 million barrels per day. The price crash has led to at Continue Reading
The Next Step In The Electric Vehicle Evolution
The electric vehicle revolution has turned out to be more of an evolution, with the industry making slow and steady progress. Despite this progress, the electric vehicle industry is still Continue Reading
North Dakota Oil Income Crashes By 81%
North Dakota has suffered an 81-percent decline in oil and gas revenues in April. Between March and mid-April, North Dakota oil producers idled some 40 percent of drilling rigs. Oil Continue Reading
Elevated US gas storage combines with lower exports to create bearish price picture
With natural gas storage volumes approaching or surpassing five-year maximums in multiple regions across the US, and imports from Canada likely to rise later this summer, a resurgence of LNG Continue Reading
US commercial crude stocks hit all-time high as GOM production returns
US crude stocks climbed during the week ended June 19 as rising production and weak refinery demand outshined resurgent exports, US Energy Information Administration data showed June 24. Receive daily Continue Reading
US oil, gas sector shows signs of severe contraction in Q2: Dallas Fed
The US oil and gas sector showed evidence of “significant contraction” in the second quarter, with activity deteriorating most severely for oilfield services, the Federal Reserve Bank of Dallas said Continue Reading
US crude exports jumped back over 3 million b/d last week, exports to China remain strong
VLCC rates fall in recent weeks, contango easing US crude exports jumped back over 3 million b/d last week, for the first time in a month as exports to China Continue Reading
US Shale Has a Long Road to Recovery
As oil prices tick up to $40 a barrel following a pandemic-induced plunge, there’s a sense the shale industry is snapping back to life with Continental Resources Inc., EOG Resources Inc. and Continue Reading
Pandemic Rages in the U.S., Spurring Quarantines and Mask Orders
The Covid-19 pandemic is tearing through the U.S. heartland, setting records for hospitalizations and forcing businesses to rethink their plans to reopen as new modeling predicts the virus will kill Continue Reading