Will OPEC+ Declare War On U.S. Shale?
It’s that time of the year again, the final OPEC+ meeting of 2019 has been scheduled and is ready to take place in December. Geopolitical tensions in the Middle East Continue Reading
Frackers Scrap Idled Equipment Amid Shale Drilling Downturn
The downturn in shale drilling has been so steep and brisk that oilfield companies are taking the unprecedented step of scrapping entire fleets of fracking gear. (Bloomberg) — The downturn Continue Reading
Democrats Just Accidentally Sparked A Federal Fracking Boom
Eyeing more restrictions on drilling following the 2020 presidential election, some U.S. oil and gas companies may accelerate fracking on public lands over the next year. Concho Resources said that Continue Reading
Weekly Petroleum Status Report
Summary of Weekly Petroleum Data for the week ending October 25, 2019 U.S. crude oil refinery inputs averaged 16.0 million barrels per day during the week ending October 25, 2019, Continue Reading
IEA: An Oil Glut Is Looming
If global oil demand growth continues to languish with uncertainties around the global economy and Brexit, the oil market will likely have to cope with another oversupply next year, according Continue Reading
Oil & Gas Earnings Set To Surpass Expectations
In the first look at a series of earnings reports in the energy sector from the third quarter, there is a bit of a mixed picture offered up on the Continue Reading
Oil driller Transocean sees offshore market slowly recovering
The offshore market recovery is underway, albeit at a slow rate, and Transocean expects to capitalize on a tighter market and increasing demand for high-specification rigs, the company said Tuesday. Continue Reading
API Reports Fourth Straight Oil Inventory Build
The American Petroleum Institute (API) has estimated a small crude oil inventory build of 592,000 barrels for the week ending October 24—close to analyst expectations of a 729,000-barrel build. Last Continue Reading
Permian Water Project Secures Financing
A pipeline project that would transport non-potable reclaimed water from Lubbock, Texas, to industrial customers in the Permian Basin has cleared an important hurdle. A pipeline project that would transport Continue Reading
Shale Stocks Are Suffering From A Sentiment Problem
Third-quarter earnings in the oil and gas industry have begun to trickle in at a time when investors have the lowest confidence and interest in U.S. shale stocks in years. Continue Reading