Weekly Petroleum Status Report
Summary of Weekly Petroleum Data for the week ending May 10, 2019 U.S. crude oil refinery inputs averaged 16.7 million barrels per day during the week ending May 10, 2019, Continue Reading
Analysis: US crude inventories climb 5.43 million barrels on rising imports: EIA
Saudi, Iraq, Colombia, Brazil, and Kuwait lead import surge Strong margins a boon for refiners returning from turnarounds Atlantic Coast gasoline stocks 5.8% below five-year average US crude inventories climbed Continue Reading
Houston Ship Channel reopens for normal traffic
The Houston Ship Channel has reopened to both inbound and outbound traffic after a tanker-tug collision last week, a spokesman for the Joint Information Center of the Unified Response Team Continue Reading
North Dakota oil output totals 1.39 million b/d in March, up 4% on month: state
North Dakota oil production in March totaled 1.39 million b/d, up 4% from February but still below the all-time high earlier in the year, the state’s Department of Mineral Resources Continue Reading
Schlumberger in $400MM Deal to Sell Drilling Assets
Schlumberger is divesting non-core drilling assets to Wellbore Integrity Solutions for $400 million. Schlumberger is selling its businesses and associated assets of DRILCO, Thomas Tools and Fishing & Remedial services Continue Reading
Global Oil Flows At Stake In New Middle East Proxy War
The tensions between Saudi Arabia/UAE and Iran seem to be heading for a new showdown, as the media hype during the weekend has shown. Not only have unknown assailants attacked Continue Reading
The IEA’s Dire Warning For Energy Markets
Global energy investment “stabilised” at just over $1.8 trillion in 2018, ending three years of declines. Higher spending on oil, natural gas and coal was offset by declines in fossil Continue Reading
Rising U.S. oil output helping fill gap left by Iran, Venezuela: IEA
The world will require very little extra oil from OPEC this year as booming U.S. output will offset falling exports from Iran and Venezuela, the International Energy Agency said on Continue Reading
ConocoPhillips will not chase expensive Permian deals, CEO says
ConocoPhillips Chief Executive Officer Ryan Lance on Tuesday repeated a pledge to restrain spending, saying the U.S. oil producer would not be drawn into pricey mergers and acquisitions. ConocoPhillips plans Continue Reading
Apache Bets Big on Permian Gas Liquids | Rigzone
A ride through the Permian Basin’s little-drilled southwest corner looks a bit like the rest of the shale patch. Mesquite dots the dry landscape, and bumpy oilfield roads link well Continue Reading