U.S. gasoline surplus eliminated by trade flows: Kemp
The U.S. gasoline surplus has disappeared thanks to a sharp drop in prices which has caused imports from Europe to slow and exports to Latin America and other markets to Continue Reading
Permian Oil Reserves Are Grossly Exaggerated
We are entering a new age of American energy dominance according to Energy Secretary Rick Perry . President Trump reflected that view in comments he made last week that “…we’ve Continue Reading
Summary of Weekly Petroleum Data for the Week Ending July 14, 2017
U.S. crude oil refinery inputs averaged over 17.1 million barrels per day during the week ending July 14, 2017, 125,000 barrels per day less than the previous week’s average. Refineries Continue Reading
U.S. uncompleted well backlog hangs over oil market: Kemp
U.S. oil and gas exploration and production companies are drilling new wells faster than they can be fractured and hooked up to gathering systems, creating a growing backlog of drilled Continue Reading
API Reports Surprise Build In Crude Inventories
The American Petroleum Institute (API) reported a build of 1.628 million barrels in United States crude oil inventories, compared to analyst’s expectations that this week would see a draw of Continue Reading
U.S. Shale Output Just Reached A New Record
One month ago, we reported that based on recent data , June oil output from shale producers would post the first double-digit production growth since July of 2015, when oil Continue Reading
Are More Bankruptcies On The Way For U.S. Oil?
Something that’s been whispered about in the last few months is now being talked about loudly: U.S. oil drillers’ debts. There have been a few notable warnings that shale boomers Continue Reading
From $2 Billion to Zero: A Private-Equity Fund Goes Bust in the Oil Patch
A $2 billion private-equity fund that borrowed heavily to buy oil and gas wells before energy prices plunged is now worth essentially nothing, an unusual debacle that is wiping out Continue Reading
Beware Of Supply Risks When The Whole World Is Bearish
– WTI traded in a $44-$47 range this week lifted by a 7.6m bbl US inventory draw and positive demand data in Europe and China. On the upside production gains Continue Reading
Future Of Energy: The Big Picture
Summary Overview of factors involved in determining energy prices. How the various factors influence supply and demaind. Major shifts coming in the energy sector. A low risk, long-term investment in Continue Reading