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About this blog

I started this blog to express what I sense about the highs and lows of the oil realm, while cautiously analysing historical data, taking into account the geo-political development at the time of recording them.

I got into this field, having been a passive observer of fluctuations of crude oil prices and their global consequences for years.

Then, when on the day of Great Oil Crash in April, 2020, I made a decision to make my own blog, with the motto, ‘analysing data that really matters’.

Having come from an academic background in mathematics and physics, I analyse data using my own tools, created with JavaScript and Python, taking my decision on board while making decisions.

My website where I analyse data that really matters

Entries in this blog

 

Liberty Lift acquires Corral Oil Field Services

Liberty Lift announced the asset acquisition of Corral Oil Field Services LLC in Andrews, Texas. Corral is a family-owned and -operated artificial lift company specializing in the service, repair, and sale of pumping units and related artificial lift equipment in the Permian basin. View the full article

hemanthaa@mail.com

hemanthaa@mail.com

 

ADNOC to increase local manufacturing target to $24.5 billion by 2030 to boost UAE’s economy

The new target is part of ADNOC’s expanded In-Country Value (ICV) program which aims to drive an additional $49 billion back into the UAE economy by 2028. ADNOC’s previous 2027 target for local manufacturing of $19 billion worth of products was delivered ahead of schedule following the award of two contracts for metal pipes and valves worth $4.6 billion to local manufacturers. View the full article
 

Shell lost its case in The Hague; but, Nigeria has even a bigger shell to crack to shore up its economy

A Dutch court ordered a Nigerian subsidiary of the oil giant, Shell, last week to compensate for the damage caused by oil spills to local farmers on its watch in the oil-rich Niger Delta region, in 2013. The unprecedented ruling will have server repercussion for the international oil companies, which work in Nigeria – and beyond its borders. Shell had been denying the allegation that it was responsible for the oil spills that ruined the livelihood of farmers living in the region; inste

hemanthaa@mail.com

hemanthaa@mail.com

 

U.S. shale oil output nears pre-pandemic levels

Surging oil and natural gas prices are spurring production increases from West Texas to the Upper Great Plains that probably will lift output to levels not seen since the early days of the pandemic, according to Rystad Energy AS. View the full article

hemanthaa@mail.com

hemanthaa@mail.com