During the Next Crisis, Entire Countries Will Go Bust
For seven years, the world has operated under a complete delusion that Central Banks somehow fixed the 2008 Crisis. All of the arguments claiming this defied common sense. A 5 Continue Reading
World fossil-fuel use could peak in 9 years
Probably you’ve heard of “peak oil,” the theoretical point at which maximum pumping of the planet’s oil resources is reached and production begins to decline for various reasons, including rising Continue Reading
IEA Report Sees Global Oil Supply Fall
According to the June IEA report, the global oil supply overall was down 0.8 mb/d for last month, due to outages in both OPEC and non-OPEC nations. Output was at Continue Reading
At $50/barrel, oil risks ‘reverse Goldilocks’ syndrome
Oil’s battle to reclaim $50 a barrel may have left it in a sticky situation, where the price is too low to lure fresh investor bulls and too high to Continue Reading
OPEC Production EIA Vs. MOMR
The latest OPEC Monthly Oil Market Report is out with OPEC crude only production numbers for May, 2016. I have compared these numbers with those published by the EIA in Continue Reading
IEA Cuts Estimate of Oil Oversupply, Sees Market Balance in 2017
First-half glut is 800,000 b/d, 40% less than last estimate The global oil market will be almost balanced next year as demand continues to rise faster than production, while the Continue Reading
Global Oil Markets to Balance Out, IEA Says
The IEA said unplanned shut-ins in Canada will help… Global oil markets are moving close to balance in the second half of this year on a significantly stronger than expected Continue Reading
U.S. shale oil output to dip for seventh consecutive month: EIA
U.S. shale oil output is expected to fall in July for the seventh consecutive month, according to a U.S. government forecast on Monday, despite a recent rally in crude prices Continue Reading
Rigs returning to service in North Dakota
With a gain of three, the number of rigs actively exploring for or producing oil and natural gas in North Dakota is up 12 percent from last week, data show. Continue Reading
Drilling Productivity Report
New-well oil production per rig barrels/day New-well gas production per rig thousand cubic feet/day Region June 2016 July 2016 change June 2016 July 2016 change Bakken 832 850 18 1,114 Continue Reading