Oil (General)

    1932 Topics in this forum


  1. Battling for Asian market share with OPEC and US, Russia is diverting higher-quality crude cargoes from Europe to China. Something's got to give. Europe's...
      


  2. After a seven-month stoppage, Venezuela once again buying crude (and when I say "buying", I mean swapping goods for) for its Isla refinery. It's...


  3. Budget deal congress reached yesterday calls for the sale of 100 million barrels of SPR between 2022 and 2027. Hope the prices are high...


  4. India is planning to raise its LNG import capacity from 20 million tonnes to 70 million tonnes and is boosting oil refining capacity by...
      


  5. Greenpeace is challenging a Norway court's decision to leave Arctic oil licenses in place. last year it went to protest against Arctic drilling on...
      


  6. Britain's most important oil route, Forties pipeline, down again, after being down for weeks starting in December. This does not bode well for the...


  7. I mean, more grim that it already has. Moody's says high oil prices cannot offset the drop in production, and inflation of 4,000% expected...


  8. India’s Oil and Natural Gas Corp. planning to sell off uts largest state-run refinery, and largest state-run utility to unburden itself from $5billion worth of...


  9. WCS not looking pretty these days.   check out the comparison with WTI  


  10. “If we want to make a decision, it has be at the right time, which is June -- when we’ll next meet,” Zanganeh said....
      


  11. Climate change will place disproportionate burden on women in the future, as women will shoulder the brunt of foraging for food and firewood, according...


  12. We've talked about oil types somewhat--this is a great article about the different types of oil for anyone interested.   https://oilprice.com/Energy/Crude-Oil/A-Detailed-Guide-On-The-Many-Different-Types-Of-Crude-Oil.html  


  13. I thought Venezuelan production was already stymied?  am I missing something? https://www.reuters.com/article/us-venezuela-politics-usa/maduro-says-u-s-sanctions-will-not-stymie-venezuela-oil-industry-idUSKBN1FP2UR


  14. Venezuela reportedly hit with blackouts this afternoon, my Twitter feed suggests. Hard to mine those cryptocurrencies that way, I think.


  15. API expected to report another draw in crude oil inventories today, as US production moves back up to 9.750 million bpd. 


  16.   Cushing inventory down to  37 million barrels. Lowest it's been since 2015 as I understand it. https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=W_EPC0_SAX_YCUOK_MBBL&f=W (exclusing SPR)  


  17. EIA revised today its US production forecast. 11 million bpd by end 2018. WOW. just... WOW. production week ending 1/26 was 9.919 million bpd.  When OPEC...
      


  18. The Permian has about 1 million bpd in spare oil production capacity that can be tapped in days. This compares to 1.5 million bpd...
      


  19. Here's where things return to normal and transcend political lines in the sand. All the governor of coastal states don't want Washington to open...
      


  20. Total investing in Guyana offshore. And I get it--next door neighbor Venezuela is sitting in the world's largest reserves, Guyana is likely to have...
      


  21. Libyan light, sweet crude is like US shale-produced oil, says Bloomberg. Not like oil produced in the Middle East. What OPEC likes is that...
      


  22. US chastising China for bailing out Venezuela. Is their propping up of Venezuela with loans just forestalling the inevitable? Is China's motive here nefarious? Must...


  23. Shell might have done already, but Exxon, Chevron's financials, released today, were quite disappointing. Still too soon for them to have recovered after the...


  24. Will they or won't they? http://www.huffingtonpost.ca/2018/02/01/trans-mountain-pipeline-is-going-to-get-built-despite-b-c-s-attempts-trudeau-says_a_23350383/  


  25. The Saudis are talking with strategic investors from China, Japan, and South Korea before making the final decision on Aramco's IPO. Guess who's calling...
      


  26. ExxonMobil has announced plans to spend an additional $35 billion -- in excess of the $15 billion previously announced -- on U.S. investments over...
      


  27. Alphabet reportedly in talks with Aramco, according to WSJ sources, about building a tech hub--specifically data centers--in the Kingdom. Still a mystery is whose...


  28. Shell's earnings results are in, and their cashflow is set to beat Exxon's. AND they made more money at $60 barrels than at $100...


  29. If Nigeria can't get their oil act together, there's always nuts. Apparently in Kogi State, revenues from cashews will overtake oil revenue. Govt is encouraging...


  30. First Big Oil sells assets in the North Sea and there's a cry to high heaven regarding decommissioning costs of oil fields and now...