Peak Diesel or no Peak Diesel? The Debate is Ongoing
In a recent post , Antonio Turiel proposed that the global peak of diesel fuel production was reached three years ago, in 2015. Turiel’s idea is especially interesting since it Continue Reading
Shale Growth Could Slow On Oil Price Meltdown
Can the U.S. shale boom continue if WTI stays mired below $50 per barrel? Much has been made about the dramatic cost reductions that shale drillers have implemented over the Continue Reading
U.S. crude stocks fall in latest week: EIA
U.S. crude stocks fell last week, while gasoline stocks increased and distillate inventories fell, the Energy Information Administration (EIA) said on Wednesday. Crude inventories fell by 497,000 barrels in the Continue Reading
U.S. shale output growth should offset OPEC cuts in 2019
Surging U.S. crude oil production will offset OPEC’s output cuts aimed at rebalancing the market as soon as the end of next year – undercutting the group’s efforts as shale Continue Reading
Weekly Petroleum Status Report
Summary of Weekly Petroleum Data for the week ending December 14, 2018 U.S. crude oil refinery inputs averaged 17.4 million barrels per day during the week ending December 14, 2018, Continue Reading
US EIA says Gulf Coast ultra low sulfur diesel stocks lowest since Nov 2014
Inventories of ultra low sulfur diesel on the US Gulf Coast hit a four-year low during the week ended December 14, Energy Information Administration data showed Wednesday. USGC ULSD stocks Continue Reading
Permian’s Growth Spurt at Risk of Being Stunted
The U.S.’s biggest oil field may be about to pump the brakes if crude keeps plunging. Just 10 weeks ago, the Permian Basin was on course to grow almost 1 Continue Reading
Offshore Drillers Bullish On 2019 Despite Falling Prices
Upstream operators are set to sanction up to 50 new large oil and gas projects next year, up from 40 in 2018, with deepwater oil developments in Guyana and Brazil Continue Reading
Oil Plunge Threatens to Leave Even Parts of Permian Under Water
The plunge in U.S. oil prices has wells in some parts of the Permian Basin below break-even levels, threatening to put the brakes on the record flow from the prolific Continue Reading
U.S. crude stockpiles seen lower for third straight week:
U.S. crude oil inventories were forecast to have fallen for the third consecutive week, while analysts expected a build in refined products last week, a preliminary Reuters poll showed on Continue Reading