OPEC – Page 127 – Oil & Gas 360

United States Future in Stock Market, Oil Imports Unclear as Debt Ceiling Nears

October 15, 2013

As the impasse in Washington drags closer to the Thursday debt ceiling deadline, the wait-and-see approach adopted by many Americans has had little effect on the stock market. Government entities haven’t been as fortunate. Furloughed workers and the closing of agencies, including the Energy Information Administration (EIA), are feeling the heat from the bitter political standoff. Traders expressed optimism at

The Blue Flame is Creating a Blue Ocean for Rail Transport: Liquefied Natural Gas Making its Mark in the Railroad Industry

October 11, 2013

The impact of natural gas is making its mark on the transportation industry. OAG360 covered a recent $68 million investment by the United Parcel Service (ticker: UPS) for its liquefied natural gas (LNG) vehicles in 2013. Now, the railroad industry is embracing the idea. On March 6, 2013, BNSF, one of North America’s leading freight transportation companies, announced it will

OPEC Output Hits Two-Year Low – Analysts Encouraged by Potential Energy Independence in the United States

October 3, 2013

According to a recent survey by Reuters, OPEC’s oil output dipped to a two-year low, falling from 30.32 MMBOPD in August 2013 to 30.07 MMBOPD in September 2013. The survey comes despite the fact that Saudi Arabia, the world’s largest oil exporter, has not weaned its production and continues to export more than 10 MMBOPD. The September 2013 OPEC output

Mexico’s Oil Industry Reform Could Open Doors for International Investors; A Potential Game Changer for Long-term Country Stability?

September 25, 2013

America’s oil business is booming, thanks to breakthrough techniques and heightened E&P. To the south, Mexico is struggling, and its shortage of fuel is becoming a concern. The head of Mexico’s oil production is state-owned Petróleos Mexicanos, or Pemex. Mexico has become a major non-OPEC oil producer, exporting $40 billion in crude oil per year to the United States. Pemex

Crude Oil Cuttings (Week Ended 7/5/13)

July 10, 2013

Crude Oil Inventory/’000 BBLS Current: 373,918 Actual Build/(Withdrawal): (9,874) Economist Average Estimate: (3,114) Previous: 383,792 Click here for the chart with five year averages. CRUDE OIL IN THE MEDIA *Fracking Firms Face New Crop of Competitors – WSJ So many companies have jumped into the hydraulic-fracturing business that the price of performing the key part of the oil- and gas-drilling

Crude Oil Cuttings (Week Ended 4/26/13)

May 1, 2013

CRUDE OIL INVENTORY/’000 bbls (Week Ended 4/3/13) Current: 395,284 Actual Build/(Withdrawal): 6,696 Economist Average Estimate: 1,018 Previous: 388,588 Click here for the chart with five year averages. CRUDE OIL IN THE MEDIA *Bakken, Three Forks Has More Oil Than 2008 Estimate: USGS – Bloomberg Oil resources in shale formations of North Dakota, Montana and nearby states are 7.4 billion barrels,

Crude Oil Cuttings (Week Ended 4/12/13)

April 17, 2013

CRUDE OIL INVENTORY/’000 bbls Current: 387,641 Actual Build/(Withdrawal): (1,233) Economist Average Estimate: 1,082 Previous: 388,874 Click here for the chart with five year averages. IN CASE YOU MISSED IT *VIDEO: U.S. Need for Oil Is `Shrinking,’ Petrie Says – Bloomberg Thomas Petrie, chairman of Petrie Partners, talks about U.S. energy independence and the outlook oil prices and refineries. Petrie speaks with Tom Keene and

Natural Gas Roundup (DOE Inventory Update)

April 11, 2013

NATURAL GAS INVENTORY (Week Ended 4/5/13) Current: 1,673 Bcf Actual Injection/(Withdrawal): (14) Bcf Economist Average Estimate: (16) Bcf Previous: 1,687 Bcf Click here for the chart with five year averages. NATURAL GAS IN THE MEDIA *Fracking Doesn’t Cause Significant Earthquakes, Study Says – Bloomberg Hydraulic fracturing used to access oil and gas from rock and shale hasn’t caused “significant” earthquakes, according to a

Crude Oil Cuttings

March 13, 2013

CRUDE OIL INVENTORY/’000 bbls (Week Ended 3/8/13) Current: 383,975 Actual Build/(Withdrawal): 2,624 Economist Average Estimate: 2,236 Previous: 381,351 Click here for the chart with five year averages. CRUDE OIL IN THE MEDIA *EnerCom’s Monthly Energy Industry Data and Trends Reports U.S. oil consumption in December 2012 was 18.1 MMBOPD, down ‐2.5% compared to the prior month and ‐3.6% lower than

Get your Fracs Straight before Inserting Foot in Mouth

March 6, 2013

CRUDE OIL INVENTORY/’000 bbls (Week Ended 3/1/13) Current: 381,351 Actual Build/(Withdrawal): 3,833 Economist Average Estimate: 327 Previous: 377,518 Click here for the chart with five year averages. CRUDE OIL IN THE MEDIA *U.S. Tops Saudi Arabia as World’s Biggest Fuel Producer – WSJ The U.S. has catapulted past Saudi Arabia as the world’s biggest fuel producer, now that abundant production

The Sun Never Sets on a Crude Oil World

December 28, 2012

Every week, EnerCom’s Oil & Gas 360® will deliver media stories, company updates, and research commentary covering the crude oil spectrum. The theme for this week: The Sun Never Sets on a Crude Oil World. CRUDE OIL INVENTORY/’000 bbls (Week Ended 12/21/12) Current: 371,059 Actual Build/(Withdrawal): (586) Economist Average Estimate: (1,555) Previous: 371,645 Click here for the chart with five year

Petronas/Progress Energy Deal Blocked – A Roundup of Coverage

October 22, 2012

Canada blocks Petronas’ bid for Progress Energy – AP TORONTO — Canada has blocked the Malaysian state-owned oil firm Petronas’ US$5.2 billion (CA$5.17 billion) bid for gas producer Progress Energy Resources, saying the proposed investment would not provide a net benefit to Canada. Federal Industry Minister Christian Paradis did not explain his decision in a statement released just before midnight

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