Oil Demand Is Soaring
Refiners are enjoying hefty margins – a welcome change after a challenging 2020. Fuel consumption is soaring around the globe, and with millions of barrels of daily refining capacity offline, Continue Reading
Oil And Gas Rig Count Rises As Crude Prices Stabilize
The number of oil and gas rigs in the United States rose by 2 this week, according to Baker Hughes . The total rig count is now at 544, up Continue Reading
Spotlight: Will US shale oil operators forget capital discipline and produce a lot more oil next year as oil prices reach a seven-year high?
Despite high oil prices, capital discipline has held drilling and completion activity in check as most public operators have focused on paying down debt and returning cash to shareholders instead Continue Reading
Top U.S. oil firms crank up shale output after cashing gains
Exxon Mobil Corp. and Chevron Corp. on Friday disclosed plans to expand drilling in the top U.S. shale basin after posting their biggest quarterly profits in years. Latecomers to the Continue Reading
What Happens With Oil Prices If Cushing Inventories Fall To Zero?
Stocks At Cushing Have Halved Since April 2020 Market Rout Storage at Cushing alone has the potential to really rally the market to the moon The WTI-Brent spread is now Continue Reading
The True Cost Of The Energy Crisis Is Yet To Be Seen
A natural gas shortage around the world has led to a spike in energy costs that is going to have a significant knock-on effect on food and fuel One major Continue Reading
A Global Oil Shortage Is Inevitable
While oil and gas companies come under pressure to reduce production, the world’s thirst for new supply is only growing Without a significant uptick in investment, demand for oil and Continue Reading
U.S. demand for oil surges, depleting tanks in Oklahoma
Crude oil tanks at the Cushing, Oklahoma storage hub are more depleted than they have been in the last three years, and prices of further dated oil contracts suggest they Continue Reading
Investors With $39.2 Trillion In Assets Pledge To Divest From Fossil Fuels
As many as 1,485 institutional investors, representing a massive $39.2 trillion of assets under management, have so far committed to at least some form of divestment from fossil fuels Back Continue Reading
Twin peaks: Whether it’s supply or demand, oil era heads for crunch time
Energy transition and peak demand predictions have spooked investors in oil, putting the prospect of peak production sooner than anticipated accompanied by wild price spikes. Key climate talks are set Continue Reading