OPEC Freeze Wouldn’t Be So Potent as Gulf Rivals Pump More
Saudi, Iranian output up 1 million barrels a day since January Freezing at current level delays re-balancing by a year: PVM Even if OPEC strikes a deal with Russia next Continue Reading
Continental Resources sells acreage to balance books
The estimated $222 million received from the sale of shale acreage in North Dakota and Montana will help balance the books, Continental Resources said. One of the largest leaseholders in Continue Reading
Gulf of Mexico still essential for energy
The deep waters of the U.S. Gulf of Mexico continue to be one of the more prolific sources of oil and natural gas, the federal government said. “The Gulf of Continue Reading
If peak oil arrives, investors will need to get smarter
Timing is everything when it comes to investing in commodities. ©AP It seems difficult to believe now but in 2014 oil was considered one of the safest bets around. The Continue Reading
Oil Holds Longest Run of Gains in Over a Year as U.S. Glut Eases
U.S. crude stockpiles unexpectedly drop 2.5 million barrels OPEC’s former head says conditions right for oil-freeze deal Oil held its advance after the longest run of gains in more than Continue Reading
U.S. crude stocks fall unexpectedly in week: EIA
U.S. crude stocks fell unexpectedly last week, while gasoline stocks decreased more than expected and distillate inventories rose, data from the Energy Information Administration showed on Wednesday. Crude inventories fell Continue Reading
The 100,000-Barrel Oil Output Increase That Didn’t Really Happen
Weekly data adjusted to end ‘disconnect’ with monthly report U.S. weekly oil production based on model except for Alaska U.S. crude oil production is holding up better than the government Continue Reading
Oil Output Continues To Fall In North Dakota
The North Dakota Industrial Commission (NDIC) reported June crude plus condensate (C+C) output on August 12, 2016. North Dakota(ND) Bakken/Three Forks (BTF) output fell by 20.46 kb/d in June to Continue Reading
Is The Oil Production Efficiency Boom Coming To An End?
“How much more productive can these new wells get?” I asked my host who had kindly invited me on a field trip to some of western Canada’s most prolific oil Continue Reading
Peak Oil Research Outline
Image Courtesy: link: https://en.wikipedia.org/wiki/Hubbert_peak_theory author: en.wikipedia.org description: Hubbert peak theory I. Categorized Documents Outline 1. PEAK OIL (53) 2. OIL PRODUCTION (45) 3. OIL PRICES (31) 4. CRUDE OIL (27) Continue Reading