U.S. Shale Swings From Losses To Record Cash Flows
U.S. shale focuses on returning capital to shareholders in 2022. Deloitte: the shale patch is on track for massive free cash flows of a combined $172 billion in 2022 alone. Continue Reading
Exclusive: Biden sidelined global energy partners with record emergency oil release
The United States announced a record-sized release of emergency crude oil reserves in March without consulting partners in the International Energy Agency, leaving them scrambling to match with releases of Continue Reading
Crude supply cuts from Russian sanctions just a ‘drop in the ocean:’ Vitol’s Muller
Estimated 1 mil b/d impact not intended sanctions consequence Indian refiners still have an appetite for Russian crude OPEC spare capacity could reach ‘alarming’ point Western economic and financial sanctions Continue Reading
Oil Prices Top $100, Yet Some Big U.S. Frackers Let Their Production Fall
The Biden administration has urged the industry to step up production. Oil prices are at their highest in years and politicians want companies to pump more. But most large American Continue Reading
Oil Markets Are Bracing For Further Supply Disruptions
Oil markets are once again on edge about potential supply disruptions. The continued efforts by the EU to ban Russian oil imports and the renewed efforts by the U.S. Senate Continue Reading
U.S. Rig Count Ticks Higher As Oil Prices Head For Another Weekly Gain
The number of total active drilling rigs in the United States rose by 7 this week, after an increase of 3 rigs in the week prior, according to new data Continue Reading
Permian crude volumes surge despite supply chain hindrances: NuStar
Frack crew, supply chain shortages slow growth More bullishness on growth in 2023 Crude oil volumes out of the Permian Basin are still rising to new highs despite supply chain Continue Reading
Oilfield Services Are Set For Years Of Profits
After suffering through a wave of bankruptcies during the covid pandemic, the oilfield services sector is bouncing back in a big way as the world attempts to boost oil production. Continue Reading
Shell Says It’s Impossible to Trace Russian Crude In Refined Products
There is no way to trace whether there is Russian crude oil or how much crude from Russia will go into the refined products market globally, Shell’s chief executive Ben Continue Reading
U.S. crude stocks build unexpectedly, fuel draws down amid export surge – EIA
U.S. crude oil stockpiles rose unexpectedly last week, while distillate and gasoline inventories dropped again as refiners continue to boost fuel exports to a world in need of supply, the Continue Reading