USA


All posts for USA

Key Milestones in 2019 for Oil Prices

The market swang from balanced supply/demand to a supply crunch to a glut – dealing with American sanctions on Iranian crude exports, surging American crude oil production, the implosion of Venezuela's economy and signs that the global economy might be entering a slowdown. Sometime in the first q ...

Hui Shan


Posted 16 days agoLink > CrudeOil pricesBrent +5

Is the US a Net Crude Oil Exporter?

The comparison of those two net trade numbers could be construed that the US has became a net exporter of 0.2 mmb/d of crude and finished products for the week. For any other direction, the US is still a net importer of 4 mmb/d of crude oil or in a net deficit of oil supply by 1.9 mmb/d. But mis ...

Hui Shan


Posted 18 days agoLink > CrudeOil pricesBrent +5

Crude Oil Prices in 2019

This is after OPEC+ managed to corral its members together to agree to a 1.2 mmb/d cut in early December – a move that managed to steady oil prices for mere days. If it manages to keep the supply/demand balance aligned, it is conceivable that crude prices could return to those ranges – which unde ...

Hui Shan


Posted 18 days agoLink > CrudeOil pricesBrent +5

Alternative Facts About OPEC & U.S. Shale From The Wall Street Journal

Posted in The Petroleum Truth Report on December 19, 2018 The Wall Street Journal's recent editorial “ How America Broke OPEC ” shows that even high-quality journalism is susceptible to the contagion of alternative facts. It is a propaganda piece about how the underdog U.S. oil industry miracul ...

Art Berman - The Petroleum Truth Report


Posted 29 days agoOpinion > OPECUnited StatesUSA +3

OPEC+ Prevails, For Now

Its reasoning made logical sense – Qatar produces very little crude, so to have a say in a cartel focused on crude was not in its interests, which lie in LNG – but it hinted at deep-seated tensions in OPEC that could undermine Saudi Arabia's attempts to corral members. Split between 800,000 b/d f ...

Hui Shan


Posted 1 month agoLink > CrudeOil pricesBrent +7

For One Week in November, the U.S. Was a Net Exporter of Crude Oil and Petroleum Products

Source: U.S. Energy Information Administration, Weekly Petroleum Status Report During the week ending November 30, 2018, the United States exported more crude oil and petroleum products than it imported for the first time in weekly data going back to 1991. From November 24–30, the United S ...

OilVoice Press - OilVoice


Posted 1 month agoOpinion > USAUnited StatesExporter +4

Natural Gas Prices in the Permian Basin Likely to Remain Low During 2019 Due to Constrained Pipeline Capacity, says GlobalData

Following a drastic drop in the Waha Hub natural gas price earlier this week, Adrian Lara, Senior Oil and Gas Analyst at GlobalData , a leading data and analytics company, offers his view on the impact on the upstream sector: “A direct consequence of the excess of natural gas supply is t ...

OilVoice Press - OilVoice


Posted 1 month agoOpinion > GlobalDatanatural gasNatural gas prices +4

ESAI Energy: Trump Statement Not Oil Policy

Many in the oil patch have pointed to President Trump's recent statement on Saudi Arabia as a signal to Saudi Crown Prince Mohammad bin Salman (and the world), absolving the prince of guilt for the execution of Jamal Khashoggi and somehow setting up a quid pro quo that requires the Saudis to facil ...

OilVoice Press - OilVoice


Posted 1 month agoOpinion > President TrumpTrumpESAI Energy +4

High Gasoline Inventories Help Drive U.S. Refining Margins to Five-Year Lows

Source: U.S. Energy Information Administration, based on Bloomberg Note: Reformulated blendstock for oxygenate blending (RBOB) is unfinished gasoline. Flattening year-over-year growth in gasoline demand in the United States, combined with high levels of refinery output, have contributed to l ...

OilVoice Press - OilVoice


Posted 1 month agoOpinion > GasolineUnited StatesUSA +2

New Projects Expected to Reverse Gulf of Mexico Natural Gas Production Declines

Source: U.S. Energy Information Administration, Natural Gas Monthly Natural gas production in the U.S. Federal Gulf of Mexico (GOM) has been declining for nearly two decades. However, 10 new natural gas production fields are expected to start producing natural gas in 2018 and another 8 are e ...

OilVoice Press - OilVoice


Posted 1 month agoOpinion > EIAEnergy Information Administration EIAGOM +6

U.S. Average Gasoline Prices this Thanksgiving are Higher than the Previous Three Years

Source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update Heading into the Thanksgiving holiday weekend, U.S. retail regular-grade gasoline averaged $2.61 per gallon (gal), up 4 cents/gal from the same time last year. This year marks the highest gasoline price for the ...

OilVoice Press - OilVoice


Posted 1 month agoOpinion > EIAEnergy Information Administration EIAUnited States +4

Oil & Gas Company's Osage, Meramec Formation Wells Advance

This small-cap firm continues to delineate and derisk its Oklahoma STACK acreage. Jericho Oil Corp. (JCO:TSX.V; JROOF:OTC) provided an update in a news release on the progress of two Oklahoma STACK Joint Venture wells. As for the Trebuchet 21-23N-10W #1H well, in which Jericho has a 40% ...

OilVoice Press - OilVoice


Posted 1 month agoOpinion > TSXUnited StatesUSA +3

The Wolfcamp Play Has Been Key to Permian Basin Oil and Natural Gas Production Growth

Source: U.S. Energy Information Administration, based on DrillingInfo Increased oil and natural gas development in the Wolfcamp play has helped drive overall crude oil and natural gas production growth in the Permian Basin during the past decade. Drilling and completion operations within the ...

OilVoice Press - OilVoice


Posted 2 months agoOpinion > EIAEnergy Information Administration EIAUnited States +9

Total U.S. Natural Gas Stocks End Refill Season at Lowest Level in 13 Years

Source: U.S. Energy Information Administration, Natural Gas Monthly and Weekly Natural Gas Storage Report Note: Data for October 31, 2018, are an interpolated value based on the Weekly Natural Gas Storage Report . Working natural gas in underground storage in the Lower 48 states as ...

OilVoice Press - OilVoice


Posted 2 months agoOpinion > EIAEnergy Information Administration EIAUnited States +5

U.S. Crude Oil and Natural Gas Production Increased in 2017, With Fewer Wells

Source: U.S. Energy Information Administration, U.S. Oil and Natural Gas Wells by Production Rate Note: Annual production estimates shown here are based on data from DrillingInfo and may differ from official estimates published in EIA's Petroleum Supply Annual 2017 and Natural Gas An ...

OilVoice Press - OilVoice


Posted 2 months agoOpinion > EIAEnergy Information Administration EIAUnited States +5