Passing On The Permian: Has The Bubble Grown Too Big?
Has the Permian Basin become too hot? More companies and enormous sums of capital continue to flood into West Texas to take advantage of the most prolific shale basin in Continue Reading
Oil and gas discoveries dry up to lowest total for 60 years
Discoveries of new oil and gasfields have dropped to a fresh 60-year low, as companies put a brake on exploration and large fields have become harder to find. There were Continue Reading
Oil overhang points to need for extended OPEC output cuts
An OPEC-led production cut may well be accelerating a drawdown in global oil stocks that began last year, but implementing the reduction for just six months means the producer group Continue Reading
Why The Huge Inventory Build Didn’t Crash Oil Prices
WTI snapped out of a two week coma on Wednesday trading to a low of $51.22 following an API report revealing a 14m bbl crude oil build which was later Continue Reading
EIA: Short-Term Energy Outlook
Forecast Highlights Global liquid fuels Implied global petroleum and liquid fuels inventories are estimated to have increased by 0.8 million barrels per day (b/d) in 2016. EIA expects the oil Continue Reading
At $60,000 an Acre, the Permian Basin May Be Too Ritzy
Record prices for drilling rights in the Permian Basin, the most fertile U.S. shale field, are prompting oil companies and private equity investors to look elsewhere for the next big Continue Reading
2017 Offshore Rig Market Not in for Much Improvement
In 2017, the offshore rig market is not expected to recover to the levels some had forecasted. In 2017, the offshore rig market is not expected to recover to the Continue Reading
US, Canada Producers Continue to Dominate Shale Production
Despite having just one-fifth of the world’s shale resources, advantages in the US and Canada mean the countries will continue to monopolize the market, according to a new Raymond James Continue Reading
Artificial Intelligence Tool Shines Light on Oil Storage Market
A form of AI technology is being used to provide greater transparency in the oil market by detecting unknown oil storage tanks. A form of artificial intelligence (AI) is now Continue Reading
Short-Term Energy Outlook
Forecast Highlights Global liquid fuels Implied global petroleum and liquid fuels inventories are estimated to have increased by 0.8 million barrels per day (b/d) in 2016. EIA expects the oil Continue Reading