Crude takeaway to exceed Permian production by 1 million b/d in 2020 Narrowing discount on WTI locked in at Midland Permian hub Gas takeaway constrained prior to October startup of Continue Reading
Twelve empty supertankers plowing across thousands of miles of ocean toward America’s Gulf of Mexico coastline are revealing truths about today’s global oil market. (Bloomberg) — They are slowly plowing Continue Reading
The Energy Information Administration reported a crude oil inventory build of 3.7 million barrels for the week to February 15, versus an increase of 3.6 million barrels in the previous Continue Reading
The US oil and natural gas rig count fell by four in the week that ended Wednesday to 1,090, a level not seen in nearly a year, according to S&P Continue Reading
U.S. crude oil refinery inputs averaged 15.7 million barrels per day during the week ending February 15, 2019, which was 57,000 barrels per day less than the previous week’s average. Continue Reading
Oil and gas production in the Permian will hit new records next month, according to the EIA. Oil Production in the Permian will surpass 4 million barrels per day (MMbpd) Continue Reading
Forget what you may have heard. Fossil fuels aren’t going anywhere. There is a lot of excitement, and deservedly so, about renewables, but the foundation of our energy supply is Continue Reading
Crude oil production in the Permian is set to rise above 4 million bpd for the first time in history next month, the Energy Information Administration said in the latest Continue Reading
America’s surging shale oil production shows little sign of abating, despite industrywide spending cuts, as explorers learn to do more with less. Almost all the independent producers have reduced their Continue Reading
U.S. shale production is expected to continue to soar well into the 2020s. And that is a major problem. Over the past decade, U.S. oil production has more than doubled, Continue Reading
