Alberta Oil Camps Set for Staff Invasion as Production Returns
Corey Smith got the call Tuesday night that Canada’s energy industry had been anxiously awaiting: it’s time to get back to work in the oil sands. Smith, the head of Continue Reading
North Dakota oil production falls 9,846 B/D in March
North Dakota’s crude oil production fell less than 1% or 9,846 b/d in March from the previous month, the state’s department of mineral resources said Thursday, a smaller decline than Continue Reading
North Dakota Oil Production Declining But Slowely
The North Dakota Oil Production Stats are out. North Dakota crude oil production was down just less than 10,000 barrels per day. Bakken crude oil production was down 7,743,000 bpd Continue Reading
The real oil limits story; what other researchers missed
For a long time, a common assumption has been that the world will eventually “run out” of oil and other non-renewable resources. Instead, we seem to be running into surpluses Continue Reading
IEA’a Oil Market Report
Crude prices firmed on the back of unscheduled supply outages in Nigeria, Ghana and Canada that exceeded 1.5 m/d by early May. This more than offset bearish sentiment in the wake Continue Reading
Global Oil Glut to Shrink Despite Iranian Output Surge, IEA Says
A unit of South Pars Gas field in Asalouyeh Seaport, Iran. The Islamic Republic lifted… Iran’s oil production has risen faster than expected, reaching levels not seen since before Western Continue Reading
Proved Oil Reserves Lost $840 Billion In Value
I spent a lot of time in 2015 warning that at year-end we would see a huge decline in crude oil reserves. As I have explained in the past, the Continue Reading
OPEC Production Up 140,000 Bpd in April
OPEC oil production rose by 140,000 barrels per day in April to 32.52 million barrels per day, according Wednesday’s S&P Global Platts survey. Iran and Iraq each boost output by Continue Reading
Canada Fire Deals Staggering Blow to Oil Sands Industry and Economy
Oversize transport trailers typically barrel dangerously along Highway 63 as they deliver heavy loads of equipment and even prefabricated metal buildings to the multibillion-dollar oil sands projects that dominate this Continue Reading
EPA Ready to Issue Methane Limits for New Oil and Gas Wells
The Environmental Protection Agency is set to issue on Thursday the first federal standards aimed at curbing methane emissions from the oil and natural gas industry, according to multiple people Continue Reading