U.S. Total Oil Output Poised To Set New 2019 Record
US oil production keeps accelerating towards new highs. New records are expected both when the final numbers for May emerge and at the end of the year. Rystad Energy is Continue Reading
Canadian oil sands production to be ~1M barrels higher by 2030 but with lower annual growth; boosted by deterioration in Venezuela
Canadian oil sands production is set to enter a period of slower annual production growth compared to previous years. Nevertheless, total production is expected to reach nearly four million barrels Continue Reading
US Oil Output to Set More Records in 2019
Rystad Energy forecasts new all-time highs for U.S. crude output in May 2019 and the end of the year. Already off to an amazing start in 2019, U.S. oil production Continue Reading
A ‘’Gusher Of Red Ink’’ For U.S. Shale
Oil prices are off more about 20 percent in the last two weeks on growing fears of a brewing economic recession. Commodities of all types have been hammered by the Continue Reading
Red Ink Keeps Flowing for U.S. Fracking Sector
Red Ink Keeps Flowing for U.S. Fracking Sector Disappointing Results for U.S. Frackers Continued Through Q1 2019 Another quarter, another gusher of red ink. Despite investors’ growing demands that oil Continue Reading
Where Is All the Missing US Oil?
Oil traders and analysts closely watching weekly U.S. inventory figures have been scratching their heads in the last few weeks wondering one thing: Where are the missing barrels? U.S. Energy Continue Reading
Oil Sands Production To Hit 4 Million Bpd By 2030 |
Crude oil production from Canada’s oil sands could rise by a million barrels from today’s average daily rate to as much as 4 million bpd in 2030 despite a slowdown Continue Reading
As Permian oil production turns lighter, price outlook darkens
The United States may now be the world’s biggest crude producer, but the oil being produced in its prolific Permian basin is increasingly too light in density for domestic refiners Continue Reading
Gas Flaring In The Permian Hits Record In Q1
A pipeline capacity shortage caused natural gas flaring and venting to skyrocket to a record high in the first quarter of the year in the Permian, Rystad Energy said in Continue Reading
America’s Biggest Oil Hub is Growing
America’s largest oil hub in Cushing, Oklahoma, is growing even as producers and traders look to move surging West Texas production to the coast for export. The U.S. petroleum industry Continue Reading