Latest OPEC report shows wide discrepancy in output figures Iraq, Venezuela question estimates from ‘secondary sources’ The scale of the internal differences OPEC must resolve before securing a deal to Continue Reading
Many of America’s oil and gas producers are expecting greater production returns from longer lateral lengths when they drill in unconventional plays. They could be in for a rude awakening, Continue Reading
While OPEC and Russia are talking about freezing or even cutting crude oil production to restore the market balance – and pushing up prices in the process – rig drillers Continue Reading
Global crude stocks may have fallen by almost 700,000 b/d during the third quarter, the first significant decline since mid-2011, if demand from ongoing Chinese stockbuilds is factored into market Continue Reading
Source: U.S. Energy Information Administration, Petroleum Supply Monthly Starting with the Weekly Petroleum Status Report (WPSR) published on Thursday, October 13, the U.S. Energy Information Administration (EIA) will no longer Continue Reading
has published an interesting article claiming that the U.S. has more oil reserves than Saudi Arabia… if you include shale oil. Rystad Energy A new independent estimate of world oil Continue Reading
Crude at $60 a barrel would probably trigger a strong increase in North American oil output, the head of the International Energy Agency said, amid signs that OPEC members and Continue Reading
An agreement between oil producers to curtail their output could bring the market back into balance sooner than expected, but significant questions remain over how such a deal would be Continue Reading
Goldman Sachs said a planned oil output cut by producer cartel OPEC and other exporters like Russia has become a “greater possibility”, but warned that any reduction likely won’t be Continue Reading
An oil pump in the desert oil fields of Sakhir, Bahrain. OPEC has exempted Libya,… LONDON—OPEC pumped oil at record-high volume last month, the International Energy Agency said Tuesday, and Continue Reading
