Oil Market Report
Global oil supply rose 0.8 mb/d in October to 97.8 mb/d after producers in OPEC and non-OPEC opened the taps. World oil output was 0.8 mb/d above a year ago, Continue Reading
Oklahoma’s economy showing modest gains
Tax collections from oil and natural gas production in Oklahoma have turned the corner, though the state isn’t yet out of the woods, the state treasurer said. Oklahoma reported tax Continue Reading
Interview: Trump advisor sees end of federal oil, gas overreach
Following Donald Trump’s victory in Tuesday’s presidential race, Congressman Kevin Cramer, a North Dakota Republican and a top Trump energy advisor, spoke with S&P Global Platts about what impact the Continue Reading
Is the age of oil about to end? This oilman thinks so
There’s a new “Peak Oil” prediction out, and this one is worth taking seriously if for no other reason than its source. Peak Oil, you may recall, refers to a Continue Reading
EIA’s Inventory Report May Halt Oil’s Post-Election Rally
A few hours after Donald Trump won the presidential election, the Energy Information Administration (EIA) reported a build of 2.4 million barrels of crude in U.S. commercial inventories. Total inventories Continue Reading
IEA sees global market awash with oil in 2017 if no OPEC cut
The oil market risks running another surplus in 2017 without an output cut from OPEC, as producers around the globe ramp up supply and demand growth falters, the International Energy Continue Reading
IEA Raises Forecast for Non-OPEC Oil Production Growth Next Year
Estimate rises 110,000 barrels a day to almost 500,000 a day Russian output is likely to lead the increase, agency says The International Energy Agency increased its estimate of oil Continue Reading
World Oil And Its Seven Biggest Chokepoints
Suez chokepoint It’s common knowledge that most of the world’s oil is transported internationally by tankers. What might not be so commonly known is the fact that almost half of Continue Reading
Oil Prices Down As API Reports Yet Another Crude Build
The latest American Petroleum Institute (API) report shows a crude oil build more than two times larger than experts expected, after last week’s government report revealed a record 14.4 million Continue Reading
Catching A Falling Knife: A Deepwater Buyout
Across the oil industry, many firms have started to see their stock prices stabilize. The offshore deepwater drilling industry is the exception. Deepwater drillers have continued to collapse in value. Continue Reading