Saturday, August 19, 2017

All data below is based on the latest OPEC Monthly Oil Market Report. All data is through July 2017 and is in thousand barrels per day. The above chart does not include the 14th member...

Guest Post by Islandboy Non-Petroleum comments in this thread please. The EIA released the latest edition of their Electric Power Monthly on July 25th, with data for May 2017. The April data was...

You may have noticed this news item a week or so ago, talking about BP's plans to introduce AI to seek drilling performance improvement.It seems these plans are part of an effort...

The decline in U.S. comparative inventories since February is the most significant oil market development since prices collapsed three years ago. It means that U.S. demand has exceeded supply for most...

Oil priceSometimes the market wants to go in a certain direction, a few weeks ago no amount of good news could trigger a rally, at the moment it is the other...

In retrospect, it will be seen as a good decision. Petronas is pulling out of the US$29 billion Pacific Northwest LNG project in British Columbia, Canada. The Malaysian state oil company...

Last week in World oil: Prices -       Oil prices are showing some health, as US crude supplies se ... Source link

Guest Post by George Kaplan GoM Production Production for May by BOEM was 1673 kbpd and by EIA 1661, compared with 1661 and 1658 kbpd, respectively in April. March looks like the peak, at...

Comments not related to oil and natural gas in this thread please. Source link

Last week, crude oil rallied the most so far this year, gaining more than 8 percent, or $4 per barrel. Oil traders are much more optimistic than they were just a...
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