Fracking in the Shale Fields Slows for the First Time Since 2017
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BP And Shell Take A Stand Against Gas Flaring In Texas
BP and Shell have urged Texas energy regulators to put a stop to routine gas flaring across the state’s oil fields, Bloomberg reported , citing a joint letter by the Continue Reading
U.S. Rig Count Falls As Oil Market Uncertainty Continues
Baker Hughes reported on Friday that the number of oil rigs in the United States fell by 1 to 180. The total number of active oil and gas rigs decreased Continue Reading
Frac Sand Metric Declines
Shale firms are pumping an average of roughly 2.9 million pounds a day of frac sand this quarter, according to Coras Research LLC. (Bloomberg) — Frackers are blasting less sand Continue Reading
Spiking coronavirus cases and falling oil prices deliver dual blow to North Dakota
A recent surge in coronavirus cases is rekindling economic anxieties in North Dakota, where wildly fluctuating oil prices and recent drops in production threaten to leave the state’s finances in fresh Continue Reading
Surprise Crude Build Forces Oil Prices Lower
The slide in crude oil prices accelerated after the Energy Information Administration reported a crude oil inventory build of 2 million barrels for the week to September 4. A day Continue Reading
Floating Storage Begins To Fill Up As Oil Demand Wavers
Huge floating oil storage builds earlier this year became a major cause for oil price falls as the pandemic wiped out demand. Then, as OPEC+ started cutting production and countries Continue Reading
Summary of Weekly Petroleum Data for the week ending September 4, 2020
Summary of Weekly Petroleum Data for the week ending September 4, 2020 U.S. crude oil refinery inputs averaged 12.8 million barrels per day during the week ending September 4, 2020 Continue Reading
US crude inventories unexpectedly grow in sign of weaker fuel demand
American commercial crude inventories grew by 2m barrels – or 0-4 percent – in the week to September 4, according to figures from the Energy Information Administration, breaking a six-week run Continue Reading
Magellan to accept crude from more Permian pipelines at benchmark MEH terminal
Magellan Midstream Partners said Sept. 10 it will start accepting crude from certain third-party Permian Basin pipelines at its Magellan East Houston terminal that also serves as a US Gulf Continue Reading