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
Reactions to Delaware Basin News Shows Misunderstanding of Petroleum Economics by Dr. Daniel Fine
News of the size of oil reserves in the Delaware Basin (New Mexico's share of the Permian) while OPEC was deciding how many barrels it will cut from the world market to lift prices caused epic confusion – and revelations of how little “authorities” and the media understand petroleum economics. The ...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 ...November U.S. Natural Gas Prices Increased Beyond Previous Market Expectations
Source: U.S. Energy Information Administration, based on Thomson Reuters On November 23, the natural gas spot price at the Henry Hub in Louisiana was $4.70 per million British thermal units (MMBtu), the highest price since a temporary spike in January 2018, and before that, the highest price s ...Texas Oil & Gas Firm Positioned for Faster Growth with Potential Upside
Raymond James provided a general outlook on this company post-merger and pre-Investor Day. Oil pump In a Nov. 20 research note, analyst Justin Jenkins observed that with the Andeavor acquisition behind it, Marathon Petroleum Corp. (MPC:NYSE) is "uniquely positioned to continue optimizing ...
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 ...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 ...Analysis: Trump and Saudi Collision on Oil, and Bingaman’s Return to Santa Fe
In an earlier column, readers overseas benefited from this writer's forecast that crude oil prices would fall dramatically because most commodity traders got it wrong. Simply, this column's analysis was the buying of oil assumed a shortage would result once the sanctions against Iran would be activ ...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 ...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 ...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 ...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 ... Infor, a global leader in business cloud software for Enterprise and SMB companies, today announced that Novum Energy Trading Corp., a physical oil supply and trading company has successfully deployed Infor SunSystems FMS. The system was implemented by TouchstoneEnergy, a leading Infor partner and ...Marcus Kelly - TouchstoneEnergy
First Oil Produced by Scottish-American Start-Up Ziyen
Scottish-American oil and energy company Ziyen Inc. , which has operations in Aberdeen, has achieved first oil as it prepares to enter a new round of funding. The company, which currently owns 13 oil leases, has successfully started production at its Potts lease, Indiana. This means the company h ...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% ...
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