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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

 

Oil prices in a holding pattern until June’s driving season starts, says analyst

Oil is “in a holding pattern until we get to June, because that’s when Europe’s going to start to reopen and the U.S. driving season will have officially kicked off,” said Jay Hatfield, CEO of Infrastructure Capital Management. “Between now and then, the main influences will be Iran headlines as a headwind” and signs of further improvement in the U.S. market as a supportive factor. View the full article
 

U.S. shale prioritizing debt over drilling, just as OPEC predicted

A round-up of data on shale drillers shows they’re sticking to their pledge to cut costs, return money to shareholders and reduce debt. If they stay the course, it would validate the OPEC+ alliance’s high-stakes wager that it can curb output and drive crude prices higher without unleashing an onslaught of supply from U.S. rivals. View the full article
 

Lukoil added nearly 500 MMboe proved reserves in 2020

As a result of geological exploration and production drilling conducted in 2020, Lukoil added 464 million barrels of oil equivalent to its proved reserves. The largest contribution was made by the assets in West Siberia, Ural region, Timan-Pechora and Russian sector of the Caspian Sea. View the full article
 

Schlumberger CEO looks forward to a profitable 2022 in non-U.S. markets

The world’s biggest oilfield contractor joined rivals Halliburton and Baker Hughes this week in predicting expansion in overseas work and a more muted recovery in North America through the rest of 2021. Global oil demand should return to pre-pandemic levels by the end of next year, if not sooner, Schlumberger CEO Olivier Le Peuch told analysts on Friday. View the full article
 

Glimmer of hope: rates of Covid19 infection and death are down in the UK

The infection rate of Covid-19 seems to be on decline and the trend has been consistent for the past few days in the United Kingdom so that the inhabitants can breathe a collective sigh of relief. As of yesterday, the 7-day-average of infections and the 7-day-aveage of the deaths are 35929 and 1239 respectively. The good news was overshadowed yesterday as the country moved past the grim milestone of over 100,000 deaths. There is no doubt that the strict lockdown measures and maski
 

Record cold brings a windfall for small U.S. natural gas producers

After years of depressed prices and weak margins, U.S. natural gas producers -- at least those with wells and equipment that aren’t frozen -- are cashing in on an unusually extreme blast of cold. The freeze is giving a rare boost to a market that’s never recovered from a crash more than a decade ago, flooded by cheap supplies from shale fields. View the full article
 

McDermott's CBandI Storage Solutions awarded LNG storage contract for Philippines' first LNG import terminal

McDermott International, Ltd announced that its CBandI Storage Solutions business has been awarded a contract by Atlantic Gulf and Pacific Company of Manila Inc. (AGandP) for the engineering, procurement and construction of an LNG storage tank for AGandP's Philippines LNG import and regasification terminal, currently under construction in Batangas, Philippines. View the full article