Asia Braces For Much Tighter Oil Markets
Two months before the U.S. sanctions on Iranian oil exports go into effect, Asian refiners and traders are beginning to line up their purchases for cargo loadings for November. On Continue Reading
U.S. crude oil stockpiles decline more than expected last week: EIA
U.S. crude stockpiles fell more than expected last week, while gasoline and distillate inventories rose, the Energy Information Administration said on Thursday. Crude inventories fell 4.3 million barrels in the Continue Reading
US shale boom begins to cool
The US shale oil industry is slowing as logistical challenges including labor costs and a lack of adequate pipeline capacity pile up, the chief executives of some of the largest Continue Reading
Weekly Petroleum Status Report
Summary of Weekly Petroleum Data for the week ending August 31, 2018 U.S. crude oil refinery inputs averaged 17.6 million barrels per day during the week ending August 31, 2018, Continue Reading
Texas Oil Production Continues To Soar
These first charts are taken from the EIA’s Monthly Crude Oil and Natural Gas Production . The data is through June 2018 and is in thousands of barrels per day. Continue Reading
Oil Prices Inch Lower After API Reports Minor Crude Draw
The American Petroleum Institute (API) reported a draw of 1.17 million barrels of United States crude oil inventories for the week ending September 1, compared to analyst expectations that this Continue Reading
EIA’s Latest USA & World Oil Production Data
These first charts are taken from the EIA’s Monthly Crude Oil and Natural Gas Production . The data are through June 2018 and is in thousand barrels per day. US Continue Reading
Shale Won’t Trigger The Next Financial Crisis
Many think that debt and negative cash flow by U.S. shale companies will crash the global financial system. I believe the opposite is more likely, that a developing financial crisis Continue Reading
Permian Drillers Are Literally Burning Profit
Pipeline capacity constraints in the Permian are affecting not only surging oil production. There’s a shortage of natural gas pipelines as well, and operators across West Texas and New Mexico Continue Reading
The Coming Collapse Of U.S. Shale Oil Production
The death of U.S. Energy Independence will occur when the collapse of shale oil production begins. And when U.S. shale oil production finally peaks and declines, it could fall much Continue Reading