Something Doesn’t Add Up In North Dakota’s November Production Report
If you want to find buried treasure, you have to dig.
And even then you may find the treasure chest is empty.
That’s what happened to me this last two weeks as I realized one bit of oil data made NO sense...
This week the EIA released the first look at its new method for reporting United States crude oil production.
It revealed two things.
First, the EIA’s prior method had been significantly overstating U.S. oil production so far in 2015.
Second, U.S. production appears to have started declining back in April. This is...
It’s hard to believe how North America’s oil and gas industry—a conservative bastion—has been turned upside down in such a short period of time. And it’s all because of the Shale Revolution.
Look at pipelines. They cost billions, take years to plan, get approvals, sign up committed customers with take-or-pay...
Is there any common ground in the debate over hydraulic fracturing? It’s a divisive issue, especially in the U.S., where 90%-plus of all global fracking is done now, pitting neighbor against neighbor.
Two weeks ago I wrote about a success story -- How a U.S. Oil Refinery Got Saved -- in which...
As the oil price fell from $105/barrel in 2014 to $26/barrel in 2016, producers, service companies and banks/lenders worked very co-operatively to keep as many people employed and as much oil flowing as possible.
It has been a remarkably co-operative endeavour for the global energy industry.
I expect that to change...
Japan spent US$75.4 billion on LNG last year, paying an average price of US$16.60 per million BTU—while gas prices in the United States averaged just US$2.75. No Japanese politician, economist, or grocer thinks that makes sense. So Asia is trying to lower prices for Liquefied Natural Gas (LNG) as...
By Nathan Weiss and Keith Schaefer
Where is all the oil coming from?
Oil inventories continue to surge, but U.S. production has flatlined for weeks—even months.
I mean really—look at these simple facts that have been staring the Market in the face for months:
Year-to-date (YTD) production in 2015 in the U.S. is...
Surprise! Global Oil Demand Is Surging…..
While most of the oil market coverage has been focused on the glut of supply what has been missed is that an equally big story has emerged on the demand side of the equation.
Global oil demand is surging in response to the drop in...