U.S. drillers add oil rigs for first week in three: Baker Hughes
U.S. energy firms increased the number of oil rigs operating for the first time in the past three weeks as U.S. crude futures soared around 10% this week. Big energy Continue Reading
US Has a Net Loss of Three Rigs
The nation’s addition of one oil rig was offset by a loss of four gas rigs this week. The United States gained one oil rig and lost four gas rigs Continue Reading
Controversial Dakota Access pipeline boosts oil production
Oil production in the US state of North Dakota has increased by more than a third – to 1.4m barrels a day – two years after a controversial pipeline Continue Reading
Oilfield Services Are Flexing Their Muscles
After several years in the doldrums, oilfield service companies are beginning to raise prices for their products and services, according to Rystad Energy. “Oil and gas investments are on the Continue Reading
US oil, gas rig count drops 13 to 1,040 on week: S&P Global Platts Analytics
Highlights US oil and gas rig count continues weekly seesaw Permian had biggest loss this week, down 14 to 434 But Permian rigs should increase later this year Houston — Continue Reading
Is Bakken Oil Production Set For An Unexpected Drop?
North Dakota set an oil production record in January this year, and crude output in the state home to the Bakken shale play held close to that record level in Continue Reading
Global Oil Market Surprisingly Oversupplied
Despite OPEC oil production cuts and Venezuela and Iran sanctions, the world seems to be oversupplied with crude oil, with the excess amounting to some 90 million barrels above the Continue Reading
Global Economy Propped Up By U.S. Shale Oil Ponzi Scheme
Few analysts realize that for the past decade, the global economy has been propped up by the U.S. Shale Oil Ponzi Scheme. Without the huge increase in U.S. shale oil Continue Reading
Weekly Petroleum Status Report
Summary of Weekly Petroleum Data for the week ending June 14, 2019 U.S. crude oil refinery inputs averaged 17.3 million barrels per day during the week ending June 14, 2019, Continue Reading
Permian Oil Output Set to Keep Growing
Permian oil production is forecasted to hit 4.226 million barrels per day next month. The U.S. Energy Information Administration (EIA) has forecasted that Permian oil production will hit 4.226 million Continue Reading