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The Destruction of a Vast Transnational Nursery?
The Destruction of a Vast Transnational Nursery? Back in May 2013, a word came to mind that I wanted to see in all our vocabularies. It wasn’t the ever-present “terrorist” but “terrarist” and I meant it to describe people intent on destroying the planetary environment that had welcomed and nurtured so many species, including our […]
Oil Production Vital Statistics October 2017
Oil Production Vital Statistics October 2017 Last month I drew attention to the fact that the WTI-Brent spread had opened to $7 and that this could be a bullish signal for the oil price. A strong rally in Brent has since continued and the price now stands close to $64 / bbl while the spread […]
U.S. Oil & Gas Rig Count Falls As Brent Breaks $60
U.S. Oil & Gas Rig Count Falls As Brent Breaks $60 As Saudi’s comments regarding the OPEC extension send the Brent Crude benchmark over $60 in mid-day trading for the first time in more than two years, oil and gas rigs in the United States fell for yet another week, according to Baker Hughes, dipping […]
U.S. Deepwater Offshore Oil Industry Trainwreck Approaching
U.S. Deepwater Offshore Oil Industry Trainwreck Approaching The U.S. Deepwater Offshore Oil Industry is a trainwreck in the making. The low oil price continues to sack an industry which was booming just a few short years ago. The days of spending billions of dollars to find and produce some of the most technically challenging deep-water […]
Norway Unfazed By Peak Oil Concerns
Norway Unfazed By Peak Oil Concerns When crude oil demand will peak is anyone’s guess. Forecasts vary widely. Wood Mackenzie says that peak demand is “very real,” and sees a decline of 4 million bpd between 2020 and 2035. Other majors including BP and Total SA see peak demand as coming between 2025 and 2040, as a result of […]
Oil Algos Shocked As US Crude Production Crashes Most In Over 5 Years
Oil Algos Shocked As US Crude Production Crashes Most In Over 5 Years Following API’s huge 7.1mm barrel crude draw overnight, WTI prices are slightly higher (driven more by OPEC jawboning) as last week’s API errors are still on traders’ minds, but DOE confirmed a big crude draw but notable builds in gasoline and distillates […]
The Real GHG trend: Oilsands among the most carbon intensive crudes in North AmericaOilsands at 50 Series – The Real Cost of Development, Part 1
The Real GHG trend: Oilsands among the most carbon intensive crudes in North America Oilsands at 50 Series – The Real Cost of Development, Part 1 The Oil-Climate Index suggests that the oilsands generate 2.2 times as many emissions per barrel than the average crude extracted in North America. Photo: Jennifer Grant Over the past 50 years, […]
World’s No.1 Oil Trader: U.S. To See Final Oil Output Spike In 2018
World’s No.1 Oil Trader: U.S. To See Final Oil Output Spike In 2018 The best is yet to come for US oil production—but it will be a short-lived hurrah, according to Ian Taylor, head of oil trading giant Vitol. US oil production has steadily increased throughout 2017 as US drillers regained their footing after the […]
Gulf Of Mexico Output Falls Nearly 100% After Hurricane Nate
Gulf Of Mexico Output Falls Nearly 100% After Hurricane Nate As of Sunday, 92.61 percent of crude oil production capacity in the Gulf of Mexico was shut in, the Bureau of Safety and Environmental Enforcement said. In barrels, this amounted to 1.62 million per day, with 298 platforms and 14 rigs evacuated, representing 40.43 percent […]
China’s economic boom is about to be cut short by peak oil, warns state-funded study
China’s economic boom is about to be cut short by peak oil, warns state-funded study A new scientific study led by the China University of Petroleum in Beijing, funded by the Chinese government, concludes that China is about to experience a peak in its total oil production as early as next year. Without finding an alternative […]
Oil Production Vital Statistics September 2017
Oil Production Vital Statistics September 2017 On around June 28th the price of WTI and Brent once again began to diverge and the spread now stands at over $7. The WTI – Brent spread was a feature of the high oil price era and its reappearance could be a bullish signal for the oil price. […]
