Private Equity Follows the Money—and the Money Is Ditching Fossil Fuels
The buyout industry has long been a major backer of fossil-fuel deals. Now it’s rolling out new green asset funds at a record clip in a bid to lure the Continue Reading
Oil Markets Will Tighten Regardless Of OPEC’s Decision
The oil market is tightening and will continue to draw down inventories for the rest of the year. This drawdown is largely due to OPEC+ offering less supply than the Continue Reading
Record Decline In U.S. Crude Stockpiles Fuels Oil Rally
Surging U.S. fuel demand amid stagnant domestic crude oil production is drawing down American crude inventories at the quickest pace in nearly 40 years. The record-fast decline in U.S. oil Continue Reading
US April Oil Production Flat
All of the oil (C + C) production data for the US state charts comes from the EIAʼs Petroleum Supply monthly PSM . After the production charts, an analysis of Continue Reading
High Oil Prices Send U.S. Refiners Scouring for Alternatives
Skyrocketing crude oil prices have prompted cash-strapped U.S. refiners to look for alternative ways to maximize gasoline production during the peak of the summer driving season. The fuel-makers are buying Continue Reading
Oil And Gas Rig Count Jumps As Oil Nears 3-Year High
The number of oil and gas rigs in the United States is up 5 this week, according to Baker Hughes , with the total rig count holding fast at 475, Continue Reading
U.S. Crude Oil Inventories Are Drawing Very Fast
The U.S. oil market is tightening as commercial crude inventories are declining at a fast clip and driving wider time spreads in the WTI Crude futures curve. The curve is Continue Reading
Analysis: Oil companies bet on $100 a barrel as they rush to sell assets
Oil companies are betting that if they sell land, buyers will come, as crude prices have soared more than 50% this year, fueling the most robust pipeline of deals in Continue Reading
Runaway Oil Spreads Flash Warning for U.S. Crude Inventories
The U.S. oil futures curve is pointing to a tightness the market hasn’t seen in years, sparking concerns of the potential for sharp inventory drawdowns. The three nearest so-called timespreads Continue Reading
Group caps abandoned wells to cut methane emissions
The stench bellows from the 1,500-foot hole in the ground, the remains of a well long ago abandoned by a bankrupt oil company. Despite its rotten-egg smell, the culprit is Continue Reading