EIA: Oil markets won’t balance until 2017
The global market likely won’t pull away from the supply side until at least 2017 as crude oil lingers in storage, the head of the EIA told U.S. lawmakers. Crude Continue Reading
Oil’s Nightmare Scenario Dominates Davos
Oil executives are starting to talk — or rather, whisper — about a new nightmare scenario: “A lot lower for a lot longer.” Oil executives, policy makers and banks said Continue Reading
Crude delivery — tanks for nuthin’
Supertankers need a lot of time to stop and turn around. Similarly, shifting the world’s political stance towards Iran has taken a while to effect. And this tortuous process has Continue Reading
OPEC, except for Iran, Has Peaked
The OPEC Monthly Oil Market Report is out. OPEC took a hit in December, down 205,000 barrels per day. After examining the past and present production numbers, I believe that Continue Reading
Sandridge Energy Agrees to Shut Several Oklahoma Wells
After days of negotiations with Oklahoma regulators, an embattled oil producer has agreed to shut down several wells used to dispose of wastewater and that had been linked to earthquakes Continue Reading
North Dakota’s steady production shows why oil market rebalancing is so hard: Kemp
North Dakota’s oil production has been flat for more than a year, but it hasn’t fallen despite the sharp drop in prices, illustrating the challenges of rebalancing the oil market. Continue Reading
Analysts Forecast 2.3M-Barrel Rise in Crude Stocks
U.S. crude-oil stocks are expected to show an increase in data due Thursday from the Department of Energy, according to a survey of analysts by The Wall Street Journal. Estimates Continue Reading
Oil below $30 fans wipeout fears among U.S. shale survival artists
Across oil fields from Texas to North Dakota fears are growing that crude’s plunge below $30 a barrel is more than just another market milestone and marks a countdown to Continue Reading
Some Bankrupt Oil and Gas Drillers Can’t Give Their Assets Away
Daniel Yergin Oil is in free fall and Terry Clark couldn’t be happier. In mid-2014, when the crude price topped $100 a barrel, Clark made an offer to buy properties Continue Reading
Oil below $30 fans wipeout fears among U.S. shale survival artists
Across oil fields from Texas to North Dakota fears are growing that crude’s plunge below $30 a barrel is more than just another market milestone and marks a countdown to Continue Reading