(Oil & Gas 360) – The Permian Basin has been written off before. Each time, it proved the opposite: it grew faster, produced more, and pushed U.S. oil supply to new highs. But today, the question isn’t whether the Permian is running out. It’s how much longer it can keep doing what it’s done for the past decade, and more importantly,
(Oil & Gas 360) By Greg Barnett, MBA – (Part 2 of 6)- For most of the modern history of oil and gas, supply was constrained by geology, technology, or access. Today, it is constrained by something far more durable: capital discipline. This is not a slogan. It is an observable shift in behavior that explains more about current market
(BOE Report) – U.S. President Donald Trump’s military forays in Venezuela and Iran have weakened OPEC more than anyone thought possible just months ago. The White House may view this as a major win, but it may ultimately leave both the U.S. and energy markets worse off. For decades, the Organization of the Petroleum Exporting Countries, under its de facto
(Oil & Gas 360) – Ending Terrorizing, Now Including Ending Its Funding, Needs Much More, Oil & Natural Gas, The Best When-Needed/Where-Needed Energy Sources. The rulers Of Iran, immensely prepared to battle to rule, needing intense effort to bring peace has us heading UP to a profitable, multi-year, oil & nat. gas Drilling Boom. Expectations, oil prices (Figure A) and nat. gas
(Oil Price) – Global oil inventories are crashing and approaching an eight-year low, with the rate of depletion so fast that it exposes the market to further shocks, according to Goldman Sachs. Total oil stocks globally have dropped to about 101 days of expected demand, the lowest level in nearly eight years, analysts at Goldman Sachs said in a note
(World Oil) – Iran attacked the United Arab Emirates for the first time in almost a month on Monday, as tensions between the U.S. and Islamic Republic rose. The UAE said it intercepted Iranian cruise missiles fired at different parts of the country, fracturing an uneasy calmness since a ceasefire between Tehran and the U.S.-Israel alliance took hold around April
(Oil Price) – OPEC’s second-largest producer, Iraq, is offering huge discounts of up to $33.40 per barrel off the official selling prices for its crude that has to move through the Strait of Hormuz. Iraq’s oil production and exports have been severely crippled due to the hostilities in the Middle East and the de facto closure of the Strait of Hormuz, which
(BOE Report) – A proposed pipeline for carrying Canadian crude oil to the United States is close to securing the minimum commitments from oil companies that the project needs to go ahead, four sources familiar with the matter told Reuters. The Alberta-to-Wyoming pipeline, proposed by Canadian pipeline company South Bow Corp and its U.S. partner Bridger Pipeline, could increase Canada’s
