China’s recent announcement that it will release oil from its reserves has been largely ignored by oil markets A combination of a weak dollar, lower-than-expected OPEC+ production, supply issues in Continue Reading
China has agreed with the United States to release crude from its SPR around the Lunar New Year holiday on February 1 The volume of the release may depend on Continue Reading
Crude oil imports into China fell by 5.4 percent last year on an annual basis for the first time in two decades, Reuters reported citing statistical data from Beijing. According Continue Reading
Exxon Mobil Corp (XOM.N) plans to shut the second-largest crude distillation unit (CDU) at its 560,500 barrel-per-day (bpd) Baytown, Texas, refinery by late next week, sources familiar with plant operations Continue Reading
The Eagle Ford Shale in South Texas, long dormant compared to its larger cousin the Permian Basin, saw its biggest one-week jump in drilling activity in more than two years Continue Reading
Beef, Bacon, Car Prices Surging Due to Inflation North American farmers could be looking at less expensive crop nutrients this year, potentially easing the pressure on food costs that have Continue Reading
U.S. retail spending and manufacturing slowed at the end of 2021 as the Covid-19 Omicron variant and inflation surged, early signs the latest complications from the pandemic could be weighing Continue Reading
The number of active drilling rigs in the United States rose by 13 this week, bringing the total rig count at 601, as oil prices keep to bull territory even Continue Reading
Output hits 33.3 Bcf/d Jan. 14, down 4% from record Eastern Gas South basis up 34 cents, January to date 2022 forward basis prices trade at discounts to cash A Continue Reading
Natural gas output up 2.4% to 3.072 Bcf/d Rig counts rising; December count was 32 December may show output rise, then drop North Dakota’s oil production jumped almost 49,000 b/d, Continue Reading
