The U.S. Shale Patch Is Back In Growth Mode
U.S. shale production is finally ready to grow again, with output set to climb next year due to increased spending in the Permian The rise in output will be lower Continue Reading
Russia And Saudi Arabia See Oil Oversupply In 2022
“Everybody is predicting a surplus of supply starting from the first or second quarter,” next year, Russian Deputy Energy Minister Pavel Sorokin told Bloomberg on the sidelines of this week’s Continue Reading
Trafigura CEO Weir sees ‘very, very tight’ oil market
Global oil markets remain very tight and heavily backwardated as demand returns to pre-pandemic levels, the chief executive officer of global trading firm Trafigura said on Tuesday. “We are seeing Continue Reading
Biden’s Baffling Oil Policy Faces Backlash From All Sides
President Biden is in a tight spot when it comes to energy The White House continues to face critique from both environmentalists and the oil and gas industry If energy Continue Reading
The 800 Million Barrel Oilfield Getting Boris Johnson In Trouble
Having just hosted COP26 in Glasgow, Boris Johnson is now coming under pressure to cancel plans to explore the Cambo oilfield – a project that is thought to hold 800 Continue Reading
U.S. Oil Rig Count Rises As Drilling Activity Picks Up
The U.S. oil rig count rose this week to 454—a 4-rig increase since last week The number of gas rigs increased by 2 to 102 Drilling activity in the United Continue Reading
US shale basin merger and acquisition activity surpasses seven-year high
Merger and acquisition activity among US oil and gas operators surpassed a seven-year high this month as companies consolidate acreage in prolific southern basins. Not registered? Receive daily email alerts, Continue Reading
FUJAIRAH DATA: Oil product stockpiles see record jump, rise 27% on week
All categories show gains for week to Nov. 8 Total inventories down 1.9% in past year Heavy distillates total rises to 10.501 mil barrels Oil product inventories at the UAE’s Continue Reading
Summary of Weekly Petroleum Data for the week ending November 5, 2021
U.S. crude oil refinery inputs averaged 15.4 million barrels per day during the week ending November 5, 2021 which was 343,000 barrels per day more than the previous week’s average. Continue Reading
Can U.S Shale Drillers Help Prevent An Energy Crunch?
The EU and Asia have seen gas prices spike amid strong demand and low inventories That the United States is one of the world’s top producers of natural gas is Continue Reading