The Future Of Oil Is Offshore
Brazil and its tiny neighbors Guyana and Suriname have recently risen to prominence with major oil discoveries despite what most would see as an unfavorable environment—the energy transition seems to Continue Reading
US oil, gas rig count falls 3 to 621; Permian only major basin with gains: Enverus
The US oil and gas rig count fell three to 621 on the week, energy analytics and software company Enverus said Aug. 26, with the Permian up four as the Continue Reading
U.S. crude inventories fall as demand hits highest since March 2020 – EIA
Crude inventories last week dropped for a third straight week while fuel demand rose to its highest since March 2020, the Energy Information Administration said on Wednesday. Crude inventories (USOILC=ECI) Continue Reading
Oil Rose On Bullish Crude and Gasoline Inventory Reports
Oil settled higher on Wednesday after the EIA reported U.S. crude inventories fell to the lowest since January, 2020, and domestic gasoline inventories fell more than expected. Oil rose for Continue Reading
U.S. to restart oil leasing with offshore auction this year
The Biden administration said on Tuesday it would take steps to restart the federal oil and gas leasing program in the next week and plans to hold a Gulf of Continue Reading
Disappointing Crude Draw Threatens Shaky Oil Rally
The American Petroleum Institute (API) on Tuesday reported a draw in crude oil inventories of 1.622 million barrels for the week ending August 20, bringing the total 2021 crude draw Continue Reading
Oil Sector Imposing Vaccine, Mask Mandates at Rigs, Refineries
Pioneer Natural Resources Co. , the largest oil producer in the Permian Basin, is requiring new hires to be vaccinated against Covid-19 as inoculation and mask mandates proliferate across the Continue Reading
Merger Mania Is Over: Oil Deals To See Quietest Year In Decades
ir Winston Churchill once admonished leaders to never let a good crisis go to waste, and Big Oil has rarely failed to heed the advice. Under normal circumstances, energy downturns Continue Reading
April Non-OPEC Oil Output Declines
A post by Ovi at peakoilbarrel. Below are a number of oil (C + C ) production charts for Non-OPEC countries created from data provided by the EIAʼs International Energy Continue Reading
Surface Water Vulnerable to Widespread Pollution From Fracking, a New Study Finds
A new study shows the potential for widespread surface water pollution from hydraulic fracturing like at this drilling site in Western Colorado. Credit: Bob Berwyn Fossil fuels don’t just damage Continue Reading