Production from the US’ fastest-growing oil play continues to rise, but infrastructure has lagged the surging output leading to steep discounts at the region’s pricing hub. New pipelines in development Continue Reading
With all the talk about sanctions, conflict and nationwide implosions, stakeholders could be overlooking a potential sleeper for the US oil market: DUCs–drilled but uncompleted wells. Many observers are wondering, Continue Reading
Texas is facing a burning question that’s pitting the state’s economy against its environment, and oil drillers against each other. With natural gas pipelines in the Permian Basin reaching 98 Continue Reading
Amid reports that OPEC will likely decide to start easing production quotas after June 22 and an IEA forecast that electric vehicles will displace 2.5 million bpd in crude oil Continue Reading
U.S. energy companies added oil rigs for a second week in a row even though crude prices have declined about 7 percent over the past two weeks and analysts do Continue Reading
U.S. crude prices sank on Thursday after a brief rally in the previous session, but analysts say the recent slump in oil prices won’t last much longer. In the five Continue Reading
The U.S. shale surge is crashing headlong into a barrage of bottlenecks. From West Texas pipelines to Oklahoma storage centers and Gulf Coast export terminals, the delivery system for American Continue Reading
U.S. crude oil production jumped 215,000 barrels per day (bpd) to 10.47 million bpd in March, the highest on record, the Energy Information Administration (EIA) said in a monthly report Continue Reading
A new oil rig will rise behind a middle school in this sprawling county in the coming months, its slender tower bearing an announcement: fracking is back. After a downturn Continue Reading
Summary of Weekly Petroleum Data for the Week Ending May 25, 2018 U.S. crude oil refinery inputs averaged about 17.2 million barrels per day during the week ending May 25, Continue Reading
