Goldman Sachs on Monday forecast a tighter oil market for longer amid strong demand growth and the likelihood that rising supply disruptions could counter any increase in OPEC production. “Our Continue Reading
Global oil demand is set to stay strong in the second half of 2018, an OPEC technical panel forecast this week, suggesting the market could absorb extra production from the Continue Reading
The OPEC+ meeting is just days away and it seems all but certain that the result will be some sort of increase in production , although the magnitude of the Continue Reading
Continental Resources Inc Chief Executive Harold Hamm has decided not to attend an OPEC event this week in Vienna, according to a company spokeswoman. Hamm, the founder of one of Continue Reading
The pipeline constraints in the Permian basin have become a hot topic lately, not least because of the steep discounts that oil producers in West Texas have been forced to Continue Reading
With WTI oil prices staying above $60 a barrel for several months, U.S. drillers are breaking production records each week, mostly thanks to the Permian in West Texas and New Continue Reading
The Permian has been getting most of the headlines on U.S. shale, but there is another play in the vicinity that has been attracting more industry attention than media attention. Continue Reading
For some time now I been intending to do a post about “My Peak Oil Journey”, describing how my understanding of Peak Oil has evolved over the years. I think Continue Reading
As everyone watches OPEC and Russia ahead of their meeting in Vienna next week, it’s easy to miss the fact that this is not the only meeting that will set Continue Reading
U.S. energy companies added one oil rig this week, the fourth consecutive week of increases, despite a 9 percent decline in crude prices over the past four weeks. A pumpjack Continue Reading
