Crude oil prices moved lower…
Researchers at The University of…
Oil prices have been climbing…
Drones are being seriously considered for use in a number of important applications from military functions, like bomb disposal, to energy applications, like remote pipeline monitoring and inspection. But as…
There is a wide variety of opinions on whether or not OPEC will deliver on its promised cuts of 1.2 million barrels per day, and a lot hangs in the…
Jean Laherrere has posted the following charts and comments on Bakken and World oil reserves. EIA proved reserves on Bakken (ND + Montana) plus cumulative production have changed at end:…
U.S. refiners continue to expand their footprint, exporting record volumes of product abroad. The U.S. refining complex exported nearly 4 million barrels per day of gasoline, distillates and propane, helped…
It hasn't been an easy ride for anyone at any level in our industry. January brought headlines of a drop below $35 per barrel for 'the first time since 2004'…
The Energy Returned on Energy Invested (EROEI) concept is very frequently used in energy studies. In fact, many readers seem to think, “Of course, EROEI is what we should be…
1. Refined product fundamentals still improving (Click to enlarge)We are still seeing the best signs of market rebalance in refined…
2016 has been a tumultuous year in the energy markets, but both oil and natural gas are showing promising signs heading into the New Year, with oil prices having nearly…
Baker Hughes this week reported yet another increase in the U.S. oil and gas rig count, with 5 more rigs coming online. The previous two weeks have seen increases of…
Natural gas markets have experienced a dramatic change in just the past two months, upending forecasts about a protracted period of oversupply. The EIA reported a major decline in…
A lot happened in the energy sector in 2016, with two major stories leading the way. Both the surprising election of Donald Trump to the presidency, and OPEC’s November announcement…
Oil prices are rising and the worst of the downturn appears to be over. After two years of spending cuts, 2017 could mark the first time in several years that…
Even as oil prices are rebounding, we are closing out one of the worst years for the oil and gas industry in decades. In 2016, the U.S. oil and gas…
As an apparent wave of populism sweeps through the world, Theresa May prepares to trigger Article 50, and fears of a trade war between China and the U.S grow, financial markets…
The election of Donald Trump as President of the United States has a lot of implications for a lot of different segments of the economy – coal may not be…
The EIA this morning reported a build of 614,000 barrels in U.S. commercial crude oil inventories, a day after the American Petroleum Institute interrupted the oil rally by reporting…
OPEC is currently pumping crude at a record rate yet has managed to fool algos and "experts" into bidding up crude to multi-month highs on "promises" it will cut a…
Oil prices continue to edge up as 2016 comes to a close, a dramatic turnaround for the industry compared to the start of the year. In January, oil prices were…
Even with oil barely over half of what it fetched in June of 2014 and the active drilling rig count doing better than (December 20, 2016 – 257, December 16,…
Natural gas prices are soaring on cold weather and falling production, spreading optimistic conditions for gas producers for the first time in years. Natural gas spot prices are at their…