US Shut-Ins Could Reach 2MMBPD in June
Gross U.S. production cuts could reach two million barrels per day in June, according to Rystad Energy. Gross U.S. production cuts, including liquids, could reach two million barrels per day Continue Reading
How Accurate Are EIA And API Inventory Reports?
Oil markets have had yet another confusing week, this time not just because of the coronavirus and all the media attention that has garnered. But this week, disparate crude oil Continue Reading
Another 1,000 Texas Oil & Gas Jobs Vanish
While much of the United States—including Texas—is taking steps to reopen the economy, oil and gas jobs are still on a downward spiral, with oil and gas jobs in Texas Continue Reading
Oil Market Recovery Could Be Erratic
The oil market has experienced unprecedented demand destruction, supply cuts and inventory builds in just a matter of weeks. Recovering from recent events will take considerably longer, IHS Markit Energy Continue Reading
US oil, gas officials optimistic on ability to rebound, regain US energy position
US oil and gas industry officials and their allies in Congress on Wednesday discussed the sector’s ability to rebound from current demand destruction, and debated whether more help from Washington Continue Reading
Is EIA Data Disguising A Disastrous Decline In U.S. Shale?
The Trump administration claims that the U.S. is “transitioning to greatness,” and that energy companies are going to see “massive gains.” U.S. Secretary of Energy Dan Brouillette says there is Continue Reading
US Shut-Ins Could Reach 2MMBPD in June
Gross U.S. production cuts could reach two million barrels per day in June, according to Rystad Energy. Gross U.S. production cuts, including liquids, could reach two million barrels per day Continue Reading
Has Demand For Oil Already Peaked?
Oil prices continue to rise on the prospect of a rebound in fuel demand as economies begin to reopen. But there is a large difference between oil demand rising from Continue Reading
Fujairah data: Oil product stocks climb 6.4% to second consecutive all-time high
Oil product stockpiles at the Middle East’s key oil hub of Fujairah rose 6.4% in the week to Monday, climbing to a record high for a second consecutive week as Continue Reading
Short-Term Energy Outlook
Forecast Highlights Global liquid fuels Although all market outlooks are subject to many risks, the May edition of EIA’s Short-Term Energy Outlook remains subject to heightened levels of uncertainty because Continue Reading