Oil Supply, Demand and Prices Become Clear
Global oil supply, demand and prices have become clear, despite the fog of war. Global oil supply, demand and prices have become clear, despite the fog of war, according to Continue Reading
FUJAIRAH DATA: Oil product stocks fall to 7-week low on record light distillates slump
Highlights March gasoline imports at record low: Kpler More naphtha heading for Japan Heavy distillates stocks still climbing Oil product inventories at the Port of Fujairah in the UAE dropped Continue Reading
U.S. Rig Count Ticks Higher As Permian Drillers Lead The Charge
The number of total active drilling rigs in the United States rose by 3 this week. Permian rig count rose by 4 this week. Gas rig count rose by 1 Continue Reading
U.S. Drilling Activity Has Risen 60% In One Year
Oil companies are receiving major criticism over recent profits as gasoline prices continue to soar. The truth, however, is that the number of rigs drilling for oil in the United Continue Reading
SCOOP-STACK gas production at 2-year high as crude prices lift drilling margins
WTI Cushing trading near $100/b Rig count hits 30-month high at 45 Gas production at 25-month high Surging oil prices fueled by Russia’s ongoing war in Ukraine have boosted drilling Continue Reading
USAC refiners could replace Russian crude with Bakken to loosen tight supply
Jones Act laws restrict USGC-to-USAC flows, support rail alternatives A restart of St. Croix refinery would boost gasoline, diesel supply US Atlantic Coast refiners could boost volumes of Bakken crude Continue Reading
How Biden’s Huge Strategic Oil Release Could Backfire
President Biden’s huge SPR release announcement has pushed WTI prices back below $100. SPR release may calm crude prices only in the short term. U.S. SPR may need to be Continue Reading
Growing Risk of Leasing Program Approval Delay
There is a growing risk of a delay in the approval of the next five-year Outer Continental Shelf oil and gas leasing program, according to Fitch Solutions. There is a Continue Reading
Desperation And Austerity Hit Global Energy Markets
We are starting to see the makings of energy curtailments in Europe – an exceedingly unpopular step that governments would be unlikely to take if there were any other choice, Continue Reading
U.S. Rig Count Ticks Higher As Permian Drillers Lead The Charge
The number of total active drilling rigs in the United States rose by 3 this week. Permian rig count rose by 4 this week. Gas rig count rose by 1 Continue Reading