Monday, January 22, 2018

WASHINGTON (January 17, 2018) – The U.S. Energy Information Administration (EIA) on Thursday is expected to report a 189-billion cubic feet (Bcf) withdrawal for the week that ended January 12, according...

A rule of thumb in the shipping industry is that high oil prices are bad for shipping earnings, and low oil prices are good for shipping earnings. With Brent crude prices...

 Oil PriceOil had another good week closing pretty much at the highs and shaking off all bearish sentiments. It is quite frankly quite nauseating to see the bears from leading investment...

During the recent cold weather event that affected much of the eastern United States, more natural gas was withdrawn from storage fields around the country than at any other point in...

Interesting BOEM report attached – their prediction of GOM oil and gas production from 2018-2027.They predict oil production will increase from 1.65-1.67 mmbopd in the 2017-2019 window to 1.74-1.77 mmbopd in...

Comments not related to oil and gas here please. Source link

EIA's January Short-Term Energy Outlook forecasts Brent crude oil to average $60 per barrel (b) in 2018 and $61/b in 2019, slightly higher than the $54/b average in 2017. In both...

An award-winning new service which harnesses data to predict downtime and the performance of oil and gas production systems has been touted as a positive example of innovation in the sector.By...

12 members with quotas achieve 135% compliance in DecemberSaudi Arabia output 9.90 mil b/d, Iraq 4.41 mil b/d, Iran 3.82 mil b/dLibya, Nigeria combine for 2.88 mil b/d, above cap of...

Source: U.S. Energy Information Administration, Gasoline and Diesel Fuel UpdateU.S. regular retail gasoline prices averaged $2.41 per gallon (gal) in 2017, 27 cents/gal (13%) higher than in 2016, but two cents/gal...
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