Baker Hughes Higher and more stable crude oil prices are contributing to increased drilling in the United States, which may slow the pace of production declines. Benchmark West Texas Intermediate Continue Reading
The oil price rally came to a quick end in June, topping $50 per barrel but quickly falling back again. Optimism stemming from the four-month rally has vanished, and since Continue Reading
Last year, liquefied petroleum gas (LPG) supplied to Asia was being snapped up by petrochemical makers. Now, after a flood of U.S. exports into the region, the market is awash Continue Reading
The number of rigs actively exploring for or producing oil and natural gas in North Dakota is up 10 percent from last week, state data show. State data shows 32 Continue Reading
Surplus of refined fuels like gasoline slows re-balancing Total oil inventories at record 3 billion barrels in June: IEA For almost two years, the spotlight in the global oil market Continue Reading
Crude oil inventories in the U.S. have fallen 23.9 million barrels since the end of April. Oil bulls counting on further declines are fighting history, though, as over the past Continue Reading
Explorer plans to operate five rigs by the end of September Bloomberg Intelligence calls revised guidance ominous signal Southwestern Energy Co.’s revival of its dormant drilling program may be the Continue Reading
Offshore rig company Transocean revealed it started on a new contract for drilling in the deep waters of the U.S. Gulf of Mexico, though at a reduced day rate. The Continue Reading
I have attempted to correct the reported Texas output using the methodology provided by Dean. Usually Dean provides the spreadsheets and I simply reproduce his charts with a few comments. Continue Reading
Peak conventional crude petroleum oil production is apparently here already – the only thing that’s been growing global total liquids is North American unconventional oils : tight oil – which Continue Reading
