Dallas Fed: Oil And Gas Sector Is On Fire
The oil and gas sector continued its strong growth in Q2, according to executives polled by the Dallas Fed in its most recent survey published on Wednesday. The survey’s broadest Continue Reading
Interior sec’y says no plan ‘right now’ to ban new oil, gas leasing
U.S. Interior Secretary Deb Haaland on Wednesday told a congressional hearing that there is no plan to permanently ban new oil and gas drilling on federal land but her agency Continue Reading
Summary of Weekly Petroleum Data for the week ending June 18, 2021
Weekly Petroleum Data for the week ending June 18, 2021 U.S. crude oil refinery inputs averaged 16.1 million barrels per day during the week ending June 18, 2021 which was Continue Reading
US gasoline stocks see unexpected draw amid strong demand, weaker imports
Highlights Gasoline stocks fall 2.93 million barrels Demand tests pre-pandemic highs Crude stocks fall amid rising demand, sideways production US gasoline inventories saw an unexpected decline in the week ended Continue Reading
Most US upstream execs expect global oil supply gap by 2025: Dallas Fed survey
Highlights OPEC is ‘back in the driver’s seat’ on balancing market Oil, gas activity strong in Q2 but cost pressures rising Execs predict $70/b WTI, $3.10/MMBtu gas at end-2021 Underinvestment Continue Reading
Some Denver Gas Stations Ran Short of Fuel in Supply Chain Kink
Dozens of gasoline stations in Denver and southern Colorado ran dry last weekend as a shortage of truck drivers and pipeline work delayed fuel supplies. “It was enough of an Continue Reading
Why U.S. Shale Won’t Derail The Oil Rally
For the first time in nearly a decade, OPEC has solid reasons to believe that its control over the global oil supply will not be ruined by a surge in Continue Reading
US crude oil inventory draws likely extend as refinery runs push higher
US crude stocks expected 6.3 million barrels lower Refinery utilization expected at December 2019 levels Gasoline, distillate stocks likely build US crude oil inventory draws likely extended during the week Continue Reading
Everyone Wants to Sell the Last Barrel of Oil
A final victory last week over the Keystone XL pipeline is a reminder that fighting particular fossil-fuel projects is a necessary strategy if the climate is to be saved. The Continue Reading
OPEC Doesn’t Expect More U.S. Shale Oil Production
Despite $70 oil, U.S. shale producers are not expected to significantly raise crude production this year as they continue to be focused on disciplined capital expenditures and returning more cash Continue Reading