Houston Chronicle Such is the extent of the shakeout in the U.S. shale industry that Permian Basin oil production is closer to peaking than many forecasts suggest, according to one energy investor. Adam Waterous, who runs Waterous Energy Fund, regards the sector’s financial position as unsustainable after years of disappointing returns for investors and negative free cash flow. With capital
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Kinder Morgan Announces Fourth Quarter ’19 Earnings Webcast… Username or E-mail Password Remember Me Forgot Password
Reuters LONDON – OPEC expects lower demand for its crude oil in 2020 even as global demand rises, it said on Wednesday, as rival producers grab market share and the United States looks set for another output record. The United States, which has seen its output soar in recent years powered by shale, will see total liquids output exceed a
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Invitation to Aker BP’s Capital Markets Update on 11 February 2020
Weekly Crude Oil Storage as of January 10, 2020 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 2.5 million barrels from the previous week. At 428.5 million barrels, U.S. crude oil inventories are at the five year average for this time of year, according to the EIA crude oil and petroleum weekly storage data,
