Highlights Waha averages $2.74 discount to Henry Hub Permian outbound flows up 460 MMcf/d vs. 2021 Gas production averages 15.2 Bcf/d in October Cash basis prices at Waha are trading Continue Reading
US Treasury secretary Janet Yellen said the move by Opec+ to cut oil production was “unhelpful and unwise” for the global economy, particularly emerging markets already struggling with high energy Continue Reading
Russian crude exports averaged 2.99 million b/d in the month, down 290,000 b/d on the August levels and lowest since September 2021 when global oil demand was still recovering from Continue Reading
The number of total active drilling rigs in the United States fell by 3 this week, according to new data from Baker Hughes published on Friday. The total rig count Continue Reading
U.S. crude oil and gasoline inventories might be in short supply, but so are U.S. shale workers, according to new data released by the Labor Department on Friday. U.S. shale Continue Reading
The prospective industrial action will hit several platforms and rigs. London-based union Unite has announced that over 300 offshore drilling and contract maintenance workers employed by Archer, Maersk, Transocean and Continue Reading
The U.S. shale industry won’t step in to fill the gap left by an OPEC+ crude oil production cut, energy executives told Reuters on Tuesday. OPEC+ is set to review Continue Reading
The International Energy Agency (IEA) has predicted that global gas markets will remain tight next year as Russian piped gas supplies dwindle despite gas demand falling in Europe in response Continue Reading
Global oil supply fundamentals remain tight: Nasser Aramco spare capacity targets on schedule Blames ‘shaming’ of oil and gas investments Spare global oil production capacity is running thin and the Continue Reading
The oil market is not focusing on the fact that global spare capacity to raise oil production is very low, Saudi Aramco’s Chief Executive said on Tuesday, with Shell’s Chief Continue Reading
