U.S. Drilling Activity Sees Decline For Second Straight Week
The number of total active drilling rigs in the United States fell by 1 this week, according to new data from Baker Hughes published on Friday. It is the second Continue Reading
Oil Outages in Gulf of Mexico Straining Tight Market
Six oil and gas fields in the Gulf of Mexico have been shut. Six oil and gas fields in the Gulf of Mexico have been shut after a leak at Continue Reading
U.S. offshore oil output to restart after pipeline fix
A damaged oil pipeline component that disrupted output at several offshore U.S. Gulf of Mexico platforms was repaired late Friday, a Louisiana official said, with producers moving to reactivate some Continue Reading
Six Gulf of Mexico Oil Fields Shut In After Pipelines Halted
Six oil and gas fields in the Gulf of Mexico have been shut after a leak at a Louisiana booster station halted two pipelines in the region. Shell Plc on Thursday Continue Reading
Listen: Gasoline shipments on Colonial Pipeline are in high demand as imports decline
Even after US gasoline prices reached historic highs during the coronavirus pandemic, they somehow found more room to rise in 2022 after Russia invaded Ukraine . Strong demand and a Continue Reading
The New Acquisition Strategy Of U.S. Shale
The value of mergers and acquisitions in U.S. shale fell by 65% in the second quarter of 2022 compared to a year earlier. Now, interest in acquisitions appears to be Continue Reading
Oil Inches Higher After EIA Reports Large Crude Inventory Build
Crude oil prices inched down before the EIA reported its crude inventory report today, but saw a small jump after the release, when the agency reported that crude oil inventories Continue Reading
US gasoline demand rises while commercial crude stocks spike: EIA
Implied gasoline demand jumps 6.8% to 9.12 million b/d Commercial crude stocks spike by 5.5 million barrels Gasoline stocks plunge by 5 million barrels US gasoline demand rose for the Continue Reading
Short-Term Energy Outlook
Forecast Highlights Global liquid fuels The August Short-Term Energy Outlook (STEO) is subject to heightened uncertainty resulting from Russia’s full-scale invasion of Ukraine, how sanctions affect Russia’s oil production, the production decisions Continue Reading
API Sees Another Surprise Build In Crude Inventories
The American Petroleum Institute (API) reported a surprise build this week for crude oil of 2.156 million barrels, while analysts predicted a draw of 400,000 barrels. The build comes as Continue Reading