Summary of Weekly Petroleum Data for the week ending November 6, 2020 U.S. crude oil imports averaged 5.5 million barrels per day last week, up by 470,000 barrels per day Continue Reading
On Thursday morning, Tropical Storm Eta made landfall over North Florida and has become the 12th named storm to make landfall out of a record-breaking year of 29 named storms. Continue Reading
US crude oil inventories moved higher in the week ended Nov. 6 amid an unseasonable pullback in refinery demand, US Energy Information Administration data showed Nov. 12. Receive daily email Continue Reading
It’s the year of the unprecedented and the hurricane season has been no exception. A record-breaking hurricane season shut in an OPEC-nation amount of oil during a global pandemic that Continue Reading
The world’s largest independent oil trader, Vitol Group, is considering potential acquisitions in the U.S. shale patch, chief executive Russell Hardy said on the Reuters Commodity Trading Summit on Tuesday. Continue Reading
“This has probably been the most challenging quarter in past decades,” Schlumberger’s chief executive Olivier Le Peuch said in the second-quarter results release of the world’s largest oilfield services provider. Continue Reading
Texas’s oil regulator took action to reduce routine natural gas flaring but its efforts fall short of more aggressive measures requested by some investors and major producers. (Bloomberg) — Texas’s Continue Reading
It takes energy to accomplish any of the activities that we associate with GDP. It takes energy to grow food: human energy, solar energy, and–in today’s world–the many types of Continue Reading
Peak oil was supposed to have arrived a decade ago, but then the US tight oil boom spoiled the party. Can looking into the rear vision mirror now help us Continue Reading
Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 5 to 226. The total number of active oil and gas rigs increased Continue Reading
