The Biggest Argument For Peak Oil
BP’s peak oil demand prediction in 2020 turned out to be wrong. A relatively large number of forecasts don’t see peak oil happening within the next few decades. Advancements in Continue Reading
Another Disappointing Week For U.S. Oil Rigs
The number of total active drilling rigs in the United States rose by 1 this week, according to new data from Baker Hughes published on Friday. The total rig count Continue Reading
Biden Officials Float Fuel Export Limit in Meeting With Refiners
Senior Biden administration officials pressed executives from some of the largest US gasoline producers to curtail overseas sales during a tense meeting Friday afternoon, suggesting that without voluntary action, the Continue Reading
BP Restarts Offshore Oil And Gas Platforms After Hurricane Ian
BP restarted production at its Na Kika and Thunder Horse platforms on Thursday. BP halted production on the two platforms on Monday ahead of Hurricane Ian. Hurricane Ian has since Continue Reading
Oil Executives: Prices Don’t Reflect Tight Supply
Oil and gas executives polled by the Dallas Fed in a survey released Wednesday fear recession and supply shortages, with optimism waning this quarter despite solid business activity. Oil and Continue Reading
Column: Oil and coal sectors think more fossil fuels is the solution. Probably not
If there is one thing the oil and coal industries can agree upon, it’s that the solution to the current global energy crisis is more fossil fuels. This was the Continue Reading
US gasoline stocks tighten amid stronger demand, weak refinery runs
Highlights Gasoline stocks draw 2.42 million barrels Demand jumps 6% on week Refinery utilization drops 3 points amid unplanned outages A steep decline in refinery utilization and rising demand contributed Continue Reading
U.S. Gulf Of Mexico Can Help Fill Global Oil Supply Gap
The U.S. Gulf of Mexico may be one of the world’s most mature deepwater basins, but it still has a lot of potential to expand. The deepwater U.S. Gulf of Continue Reading
Gasoline Draw Sends Oil Prices Higher
The American Petroleum Institute (API) reported a build this week for crude oil of 4.150 million barrels, while analysts predicted a build of 333,000 barrels. According to API data, U.S. Continue Reading
U.S. offshore oil output drops as Hurricane Ian takes aim
About 11% of oil production in the U.S. Gulf of Mexico was shut on Tuesday as a powerful Hurricane Ian forced oil companies to evacuate workers and the storm took Continue Reading