The U.S. is about to boost its status as a major oil exporter. New pipelines are coming online to transport oil from a bottleneck in the Permian Basin to the Gulf Coast where it can be shipped to the world. The U.S. is turning the Gulf Coast into a major export hub, and that could […]
The OPEC+ coalition of producers achieved in July a compliance rate of 159 percent. According to OPEC, the production cuts, combined with “ongoing healthy oil demand so far”, have “arrested global oil inventories growth and should lead to significant draws in the second half of the year.” Read the full article here Source: […]
EIA at the Department of Energy said on Tuesday petroleum production increased by 16 percent and natural gas rose 12 percent. The increase in production has created a need for more pipelines and infrastructure throughout Texas. EPIC Midstream Holdings Inc began shipping crude oil on its 400,000 b/d pipeline from the Permian Basin to the […]
“Watch for much higher global crude runs in the final months of the year as refineries pump out supplies to meet [marine fuel specification] changes for January 1. Let’s talk more about the current falling oil prices. Overwhelmingly bearish economic sentiment has sent oil prices spiraling down. Moreover, persistent cuts in demand growth forecasts are […]
According to the report, the global oil and gas analytics market was USD 14.55 billion in 2018 and is expected to reach around USD 122.60 billion by 2025. Analytical solutions for the oil and gas sector will help the related industries in having an aggregate view of their operations. Read the full article […]
Natural gas prices to rise and have continued to witness selling pressure despite higher demand for cleaner gas. Precious metal prices continued their buying spree for the third straight week with Comex Gold. Record high production and rising inventory made the natural gas prices test the lows of 2016. But cyclically, rising natural gas prices […]
The U.S. Energy Department’s weekly inventory release showed a smaller-than-expected increase in natural gas price and supplies and . Stockpiles held in underground storage in the lower 48 states rose by 49 billion cubic feet (Bcf) for the week ended Aug 9. below the guidance (of 54 Bcf gain). However, the increase was higher than […]
The production in the Bakken Formation raced upward to nearly half a billion barrels last year. Will this affect the oil & gas tax revenues? The trust fund’s balance is expected to more than double over the next decade — to nearly $15 billion. Three years before voters in North Dakota went to the polls. […]
The US Energy Policy. Appalachia and the Permian are the main reasons why U.S. C02 emissions have been falling faster than any other nation. Gas usage increases even under the most stringent of environmental policies under International Energy Agency modeling. President Trump’s visit on Tuesday to the Shell “cracker” plant. In Beaver County outside the […]
Natural gas price prediction whipsawed testing lower levels and then rebounding to close up 0.5% in the trading session. Natural gas delivery to LNG facilities hit a record in July. Natural gas delivered by pipelines to Mexico and to US LNG export facilities reached 10.9 Bcf per day in July. On average 10.0 Bcf per […]
