Big Oil’s Hottest Prospects In 2021
Judging by the first 3 months of 2021 it seems that this year has gone off into a wrong start, instead of economic rebounds we face a third rendition of Continue Reading
Spare production capacity to erode in absence of fresh investments, warns IEA
The world’s oil production capacity is expected to slow in the medium-term as the market digests the full impact of COVID-19 and the pivot toward cleaner energy, the International Energy Continue Reading
API Surprises Analysts With Unexpected Crude Draw
The American Petroleum Institute (API) reported on Tuesday a surprise draw in crude oil inventories of 1 million barrels for the week ending March 12. Analysts had predicted an inventory Continue Reading
World oil demand may have peaked in 2019 amid energy transition: IRENA
Global oil demand may have hit the peak in 2019 and natural gas will follow suit around 2025, the director general of International Renewable Energy Agency said March 16, as Continue Reading
Permian Production Set To Rise Despite Shale Decline
Oil production from the seven largest U.S. shale regions is set to decline by 46,000 barrels per day (bpd) in April, but output in the biggest and most prolific basin, Continue Reading
Shale Producers Find Themselves in Unusual Position
Shale’s newfound prudence after last year’s crash is putting producers in the unusual situation of reducing oil output just as prices surge. More focused than ever on keeping spending in Continue Reading
ANALYSIS: US crude oil inventory builds likely extend as refinery runs hold below normal
US crude oil inventory builds likely extended in the week ended March 12 as the Gulf Coast refinery complex continued to operate at reduced capacity in the wake of the Continue Reading
Drilling Productivity Report
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Sustained higher oil prices to spur U.S. output growth -JP Morgan
Sustained higher oil prices are expected to spur higher U.S. oil output this year, JP Morgan analysts said in a weekly note. “At current prices, most U.S. onshore operators are Continue Reading
Oil Prices Slip As U.S. Rig Count Falls
Baker Hughes reported on Friday that the number of oil and gas rigs in the United States fell by 1 this week. The total number of active oil and gas Continue Reading