US oil output breaks record, but growth is stalling: EIA
Output growing at less than half the year-ago pace ‘Peak growth’ may be near Output growth in Texas, North Dakota at lowest rate in two years Year-on-year growth in US Continue Reading
Meet The Biggest Losers Of The U.S. Shale Bust
After a decade of unprecedented growth and seemingly endless investments, the writing is now on the wall: the Great American Shale Boom is slowing down and this could have some Continue Reading
Visualizing The US Shale Slowdown
All of the oil production data for the states comes from the EIA?s Petroleum Supply Monthly . The charts below are updated to September 2019 for the largest US oil Continue Reading
Why Oil Demand Won’t Follow Coal’s Death Spiral
After a steady rise that lasted nearly 50 years, U.S. coal consumption peaked about a decade ago. Since the peak in 2007, coal consumption in the U.S. has fallen an Continue Reading
Is US Oil Production Growth Slowing???
All of the oil production data for the states comes from the EIAʼs Petroleum Supply Monthly . The charts below are updated to September 2019 for the largest US oil Continue Reading
Russia’s Nov crude, condensate output above OPEC+ target at 11.24 mil b/d
Russia’s crude and condensate output was again above its target level under the OPEC+ agreement in November, totaling 46 million mt, equivalent to around 11.24 million b/d, according to preliminary Continue Reading
Republican Fervor Ebbs for Offshore Drilling
The wake from Chip Campsen’s fishing boat has rippled all the way from the South Carolina coast to the White House. Mr. Campsen is a Republican state senator and dedicated Continue Reading
Shale Slowdown Continues As Oil Rig Count Falls Again
The US oil and gas rig count continued to fall this week, according to Baker Hughes, falling by 1 rig for the week. For oil rigs, this week marks the Continue Reading
US Rig Count Dips Slightly
The U.S. saw a net decrease of one rig this week. The U.S. idled three oil rigs this week and added two gas rigs for a net loss of one Continue Reading
Why OPEC Should Worry About Russia’s Latest Oilfield
Russia’s largest oil company, Rosneft, has started domestic crude oil deliveries from one of the country’s biggest oilfields, the Russkoye field in the Arctic, just days before Russia and OPEC Continue Reading