Is Oil Demand Growth A Certainty In 2019?
Crude oil prices have gained roughly 10 percent since hitting a low point in late December, and there are plenty of signs that suggest the market is poised to claw Continue Reading
New Data Suggests Shocking Shale Slowdown
U.S. shale executives often boast of low breakeven prices, reassuring investors of their ability to operate at a high level even when oil prices fall. But new data suggests that Continue Reading
Major Gasoline, Distillate Build Caps Oil Price Gains
A day after the American Petroleum Institute reported sizeable builds in fuel inventories, the Energy Information Administration confirmed a build in gasoline and distillate inventories for the week to December Continue Reading
Summary of Weekly Petroleum Data for the week ending December 28, 2018
U.S. crude oil refinery inputs averaged 17.8 million barrels per day during the week ending December 28, 2018, which was 410,000 barrels per day more than the previous week’s average. Continue Reading
Gas flaring lights up Texas skies amid US oil boom
The powerful telescopes of Texas’s McDonald Observatory aim at some of the darkest night skies on the planet. But a dome of light is creeping closer on the northern horizon. Continue Reading
Falling Rig Count Supports Crude Prices
More good news came in today for the oil bulls as Baker Hughes reported a 8-rig decrease for oil and gas in the United States this week. The total number Continue Reading
California’s Oil-By-Rail Imports Climb Near Record In 2018
California imported an average 447,063 barrels of crude oil by rail over the first nine months of last year, the latest data available from the California Supply Analysis Office has Continue Reading
US Drops Eight Oil Rigs This Week
US drillers drop eight rigs this week as crude prices advance. After two weeks of adding oil rigs, the U.S. rig count declined by eight this week, according to data Continue Reading
U.S. crude stockpiles flat, products build sharply: EIA
U.S. gasoline and distillate inventories rose sharply last week as refineries ramped up activity, while crude oil stocks were barely changed, the Energy Information Administration said on Friday. FCrude inventories Continue Reading
Shutdown risks delays to U.S. drilling, ethanol, wind initiatives
The partial government shutdown is increasing the chances of delays in U.S. energy initiatives from the release of President Donald Trump’s proposed offshore drilling plan to allowing higher levels of Continue Reading