Oil Rig Count Inches Higher As Prices Drop
Baker Hughes reported on Friday that the number of oil and gas rigs in the United States rose by 5 this week. The total number of active oil and gas Continue Reading
Texas, Midwest refiners thaw out their plants after polar vortex
US refiners are restarting their plants after the recent deep freeze stretching from the Texas Gulf Coast north through the Midwest impacted refinery operations across a broad swath of the Continue Reading
Oil Crash Pushed 2020 U.S. Output to First Drop in Four Years
U.S. crude production decreased for the first time in four years in 2020 as the pandemic crushed global oil demand. American crude output averaged 11.313 million barrels a day last year, Continue Reading
US oil, gas rig count steady at 461; Permian total at 9-month high: Enverus
Highlights Permian operators add 5 rigs week on week Potential DAPL shutdown widens Willison-Clearbrook spreads EcoPetrol to triple Permian investment The US oil and gas rig count stood steady at Continue Reading
Gasoline Crisis Paralyzes One Out of Every Seven Texas Stations
One in every seven Texas gas stations is without fuel a week after the historic freeze crippled refineries and trucking, prompting at least one major retailer in the second-largest U.S. Continue Reading
A Key Fracking Indicator Just Hit Record Lows
Oil prices have staged an extraordinary rally in the last three months, rising by 50%. Biden’s presidency, the vaccine rollout, a weak dollar, low interest rates, no inflation, and hopes Continue Reading
U.S. Shale’s Struggles Will Be Help OPEC Stabilize Oil Prices
OPEC and its allies could find managing supply to the oil market easier this year, as U.S. shale producers are still not rushing to accelerate output at $60 oil, OPEC Continue Reading
Oil producers eye long road to recovery as Texas begins to thaw
Shale oil producers in the southern United States could take at least two weeks to restart the more than 2 million barrels per day (bpd) of crude output that shut Continue Reading
OPEC, U.S. oil firms expect subdued shale rebound even as crude prices rise
OPEC and U.S. oil companies see a limited rebound in shale oil supply this year as top U.S. producers freeze output despite rising prices, a decision that would help OPEC Continue Reading
November Non-OPEC Oil Production Jumps
Below are a number of oil (C + C ) production charts for Non-OPEC countries created from data provided by the EIAʼs International Energy Statistics and updated to November 2020. Continue Reading