The risk of oil supply disruptions from around the world has diminished, and rising non-OPEC production provides a “solid base from which to react to any escalation in geopolitical tension.” Continue Reading
The oil market is likely to stay well supplied in the near term with oil stocks growing in the first half of 2020 despite deeper production cuts from the OPEC Continue Reading
All OPEC data for the charts below are from the OPEC Monthly Oil Market Report https://momr.opec.org/pdf-download/ OPEC crude oil production continued to slide in December. OPEC production was down 161,000 Continue Reading
A leading oil union in Neuquen, Argentina’s biggest oil basin, is threatening to go on strike if companies lay off even one worker, a situation that could hit crude and Continue Reading
Over the past six months, the number of drilled but uncompleted (DUC) wells across the U.S. shale patch has been steadily declining in a fresh sign that shale producers have Continue Reading
Ticker: Just a few years back, the U.S. shale industry was drowning in a sea of hubris, with pompous experts making outrageous claims such as the Permian Shale is a Continue Reading
Although oil production in the Permian Basin shows all signs of slowing down in the new year , the West Texas shale revolution is not over yet. In fact, shale Continue Reading
A rise in oil demand growth this year will be offset by a sharper increase in non-OPEC supply, the producer group said in its monthly oil market report published Wednesday. Continue Reading
Summary of Weekly Petroleum Data for the week ending January 10, 2020 U.S. crude oil refinery inputs averaged 17.0 million barrels per day during the week ending January 10, 2020, Continue Reading
U.S. shale growth may be slamming on the breaks, although analysts differ over how significant the slowdown will be. The EIA says that U.S. shale growth will slow down this year, but the Continue Reading
