It Hasn’t Been This Cheap for U.S. Shale to Refinance in Seven Years
U.S. junk energy cost of funds plunged after 2020 spike It hasn’t been this cheap for shale explorers to raise money on the high-yield bond market since oil was at Continue Reading
U.S. And Canada At Odds In Oil Sands Schism
As one of his first acts in office, President Biden revoked TC Energy Corp.’s (NYSE:TRP) license on the controversial Keystone XL pipeline project. The project ran into trouble soon after Continue Reading
Argentina’s YPF to invest $1.5 billion to ramp up Vaca Muerta output
Argentina’s YPF said March 19 that it plans to invest more than $1.5 billion this year to ramp up oil and natural gas production in the Vaca Muerta shale play, Continue Reading
Oil Rig Count Jumps As WTI Moves Back Above $60
Baker Hughes reported on Friday that the number of oil and gas rigs in the United States increased by 9 this week. The total number of active oil and gas Continue Reading
Midwest refinery runs pick up as polar vortex impact dissipates
New York — US refinery crude inputs are expected to rise to about 14.4 million b/d for the week ended March 19, according to estimates from S&P Global Platts Analytics Continue Reading
Fossil Fuels Will Continue To Dominate For Decades To Come
The stone age didn’t end due to a lack of stones, and the oil age will end long before the “world runs out of oil”. This quote, often attributed to Continue Reading
Oil Market Report – March 2021
World oil demand is expected to rebound by 5.5 mb/d in 2021 after contracting by 8.7 mb/d in 2020. Consumption appears to be slightly higher than expected in 1Q21, supported Continue Reading
Never Mind Peak Oil, Global Forecaster Calls Peak Gasoline
The world’s thirst for gasoline isn’t likely to return to pre-pandemic levels, the International Energy Agency forecast, calling a peak for the fuel that has powered personal transportation for more Continue Reading
Key oil market forecasts from the IEA’s Oil 2021 report
The International Energy Agency published its latest medium-term oil market outlook on March. 17 containing closely-watched forecasts for oil supply and demand fundamentals to 2026. Below are the main projections Continue Reading
Rising oil demand to outpace OPEC supply growth, shrinking spare capacity cushion: IEA
The world’s growing thirst for oil, combined with lackluster upstream investment, will require OPEC to pump close to maximum capacity in the coming years, leaving the market more vulnerable to Continue Reading