Monday, June 17, 2019

All OPEC data below was taken from the April issue of The OPEC Monthly Oil Market Report. The data is through March 2018 and is thousands of barrels per day. OPEC crude...

Dean Fantazzini’s estimate for the recently updated RRC data in two charts. For all vintage oil plus condensate estimate (using all RRC data from April 2014 to Oct 2017),...

EIA Reserves EIA provides estimates of proved reserves based on information from the E&Ps on form EIA-23 for crude only, and also shows the categories for changes (discoveries, production, revisions etc.). This...

A Guest post by Ian Schindler (Schinzy) This is an update to the post An Empirical Model For Oil Prices and Some Implications in which we discussed a model for oil prices...

Unsure about that, but maybe that’s sarcasm?Sounds like one of the myths we tell ourselves (as if these environmental energies are going to somehow defuse out of the environment and into...

 Oil PriceAs we move towards the end of the year the bulls have the upper hand, marginally. Yesterday it was all about inventories and the numbers were mainly good, crude started...

 Oil priceMixed fortunes yesterday, Brent rallied when the Nigerian strike was announced and even when it appeared to be off, still gained on the day. I expect more strike action into...

A Guest Post by Islandboy The EIA released the latest edition of their Electric Power Monthly on August 24th, with data for June 2017. With all the data for the first half...

As a last Christmas gift to Nigeria's hardest working, it was lucky motorists and commuters who enjoyed a little present: a three-week fuel shortage.Long lines of motorists, cars and buses were...

Canada's existing oil pipeline and railway capacity is enough to support oil sands current exports but with little extra room for logistic constraints. Presently, there are at least three announced pipeline...
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