The Energy Information Administration has lowered its forecast for crude oil production for this year and next, according to a new report. The Energy Information Administration (EIA) made several adjustments Continue Reading
Oil supermajors continue to hold back on investment as mid-year guidance remains mostly firm. Oil supermajors continue to hold back on investment as mid-year guidance remains mostly firm, a new Continue Reading
A conservative model of future World Crude plus Condensate (C+C) output is presented below with an average decline rate of 2.8% from 2040 to 2110. From 1933 to 1972 World Continue Reading
The U.S. Energy Information Agency (EIA), has forecasted in their most recent edition of the Short Term Energy Outlook-STEO, a rise in U.S. production of about 800K BOEPD by the Continue Reading
It looks like the offshore oil and gas drilling market is in the early innings of an upcycle in investment and activity. Both Schlumberger and Transocean believe that the upcoming Continue Reading
With a European ban on Russian crude and fuels looming, diesel markets are set to tighten even further despite weak economic growth. Distillate fuel inventories in the U.S. just witnessed Continue Reading
The number of total active drilling rigs in the United States fell by 3 this week, according to new data from Baker Hughes published on Friday. The total rig count Continue Reading
An Overview At this point in time, probably all American adults are aware that the price of oil, or at least gasoline and diesel fuel, are much higher than they Continue Reading
U.S. distillate fuel oil inventories are depleting to critically low levels; either an imminent recession reduces consumption or prices are likely to surge higher. Distillate fuel oil is the lifeblood Continue Reading
U.S. oil and gas dealmaking contracted 65% Y/Y to $12 billion last quarter. Big Oil executives have become increasingly hesitant to pull the trigger after the last M&A wave turned Continue Reading
