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Art Berman: Like It Or Not, The Future Remains All About Oil
Vladimir Yudin | Dreamstime.com iTunes | Google Play | Download | Report Problem Art Berman: Like It Or Not, The Future Remains All About Oil And competition for it is heating up Art Berman, 40-year veteran in the petroleum production industry and respected geological consultant, returns to the podcast this week to talk about oil. […]
Can Anything Stop The Shale Surge?
Can Anything Stop The Shale Surge? Higher oil prices may lead to huge growth in U.S. shale production, according to revised predictions from both OPEC and the IEA. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) …click on the above link to read the rest of the article…
OPEC Oil Production Rose In December Despite Plunge In Venezuela Output
OPEC Oil Production Rose In December Despite Plunge In Venezuela Output In its latest monthly report, OPEC announced that according to secondary sources, December oil production by the cartel rose by 42.4kbpd from November to 32.416mmbpd, if 144kbpd below October’s 32.56mmbpd level, and just below the mandated production ceiling of 32.5mmbpd. While the biggest producer […]
What’s The Limit For Permian Oil Production?
What’s The Limit For Permian Oil Production? The ‘hottest shale play’ has been the media’s favorite cliché for the Permian Basin over the past year. And while cliché, the basin straddling West Texas and New Mexico has lived up to this description—its oil production, unlike that in other basins, did not fall off a cliff […]
Could An Oil Surplus Be A Sign Of Things To Come?
Could An Oil Surplus Be A Sign Of Things To Come? Today, we have a surplus of oil, which we are trying to use up. That has never happened before, or did it? Well, actually, it did, back around 1930. As most of us remember, that was not a pleasant time. It was during the […]
Russia To Discuss Possible Exit From OPEC Deal
Russia To Discuss Possible Exit From OPEC Deal Russia may be on its way out of the OPEC output reduction deal, according to the country’s Energy Minister, Alexander Novak. Reuters reports that Novak might discuss the country’s potential exit from the pact in Oman next week. Russia had vowed to cut output by 300,000 barrels […]
The 2018 Oil Production Forecast Explained
The 2018 Oil Production Forecast Explained In my recent post, Oil Price Scenario for 2018, my global supply forecast was seriously at odds with those presented by the International Energy Agency (IEA) and Rystad Energy, a respected Norwegian consulting firm. This post puts more flesh on my 2018 oil production view. The post could easily have […]
3 Million Barrels Per Day Could Go Offline In 2018
3 Million Barrels Per Day Could Go Offline In 2018 Venezuela’s oil production has been falling for years, but 2018 could mark a new, darker chapter for the South American nation. Late last year, Venezuela’s government defaulted on millions of dollars’ worth of debt, with larger and more significant payments maturing this year. The ability to […]
Analysis: Venezuela’s oil production plummets amid chaos and industry defections
Analysis: Venezuela’s oil production plummets amid chaos and industry defections Staggering debt, crumbling equipment and infrastructure, and mass worker resignations, have set back Venezuela’s oil industry decades, with experts saying they see scant prospects of any turnaround. Crude output of 1.70 million b/d lowest since strike in 2003: Platts survey Lack of safety protocols could […]
The 5 Most Popular Energy Stories Of 2017
The 5 Most Popular Energy Stories Of 2017 The year in which WTI went from barely above $50 to over $60 a barrel and Brent hit OPEC’s much sought after $65 was full of the usual mix of price forecasts, warnings, and unpredictable events that left readers wondering what will happen next… Here are five […]
Russia Boosts 2017 Crude Oil Production To 30-Year High
Russia Boosts 2017 Crude Oil Production To 30-Year High OPEC’s crude production held steady in December as the group approached a fresh year of output curbs in full compliance with its supply deal. The 14 members of the Organization of Petroleum Exporting Countries pumped 32.47 million barrels a day, according to a Bloomberg News survey […]
Impact of oil production decline and low oil prices: Venezuela
Impact of oil production decline and low oil prices: Venezuela Venezuelan X’mas 2017 without petrol https://losbenjamins.com/2017/12/venezuela-sin-gasolina-navidades/ Petrol lines are nothing new in Venezuela. But the problem is getting deeper and deeper: Top Venezuelan refineries are running at 34% of their capacity 17/10/2017 PUNTO FIJO, Venezuela/HOUSTON (Reuters) – Venezuela’s main refining complex, hobbled by a lack […]
