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ONGC set for major selloff
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...- Rodent Replied
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Iran Oil Minister Talks about Early End to OPEC Deal
“If we want to make a decision, it has be at the right time, which is June -- when we’ll next meet,” Zanganeh said....- Marina Schwarz Replied
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- 1,509 views
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Climate Change is Sexist
Climate change will place disproportionate burden on women in the future, as women will shoulder the brunt of foraging for food and firewood, according...- Rodent Replied
- 2 replies
- 1,556 views
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Crude Oil Types
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- Rodent Replied
- 4 replies
- 3,114 views
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Venezuela says us sanctions won't stymie production
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- Rodent Replied
- 3 replies
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Venezuela, beginning of the end?
Venezuela reportedly hit with blackouts this afternoon, my Twitter feed suggests. Hard to mine those cryptocurrencies that way, I think.- Rodent Replied
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Crude Oil Inventories
API expected to report another draw in crude oil inventories today, as US production moves back up to 9.750 million bpd.- Rodent Replied
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Cushing Inventory!!
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)- Rodent Replied
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EIA ups US production forecast ... AGAIN
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...- shale
- production
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Permian Second Only to S Arabia in Production Capacity
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...- Marina Schwarz Replied
- 5 replies
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Republican, Democrat Coastal Governors don't want oil drilling
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...- LAOIL Replied
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- 2,589 views
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Guyana the next Venezuela?
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...- Rodent Replied
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This is why OPEC doesn't care as much about Libyan oil
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...- Carlsbad Replied
- 3 replies
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Venezuela, all China's fault?
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...- Rodent Replied
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Exxon, Chevron, sooooo disappointing
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...- Rodent Replied
- 5 replies
- 1,737 views
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Battle over Trans Mountain is getting uglier and uglier
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/- Rodent Replied
- 2 replies
- 1,549 views
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China Will Make or Break Aramco IPO
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...- Marina Schwarz Replied
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- 1,795 views
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ExxonMobil announces another $35 billion investment in US
ExxonMobil has announced plans to spend an additional $35 billion -- in excess of the $15 billion previously announced -- on U.S. investments over...- exxonmobil
- exxonmobil investment
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Aramco and Alphabet Deal
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...- Rodent Replied
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Shell Made More Money at $60 oil Than At $100
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...- Rodent Replied
- 2 replies
- 1,591 views
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Well, Nigeria, There's Always Cashews
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...- Rodent Replied
- 10 replies
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North Sea is Not Dead
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...- Marina Schwarz Replied
- 3 replies
- 1,856 views
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US Tax Overhaul Means Billions For US Oil INdustry
Wood Mac estimates that US oil industry will see 190 billion from the tax overhaul. http://www.chron.com/business/energy/article/Trump-tax-plan-a-190b-boost-to-oil-industry-12539700.php- Rodent Replied
- 2 replies
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Canada Thinks its Shale Plays Will Rival US. Any Believers?
Yes, I'm biased ... but really, any believers? Canadian media are propping up Canada's Montney and Duvernay shale plays as ready to rival the...- Kate Turlington Replied
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- 1,610 views
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OPEC's production up, despite Venezuela's free fall
https://uk.reuters.com/article/uk-opec-oil/opec-january-oil-output-rises-despite-venezuelan-decline-survey-idUKKBN1FK2IC?rpc=401& According to Reuter's survey, production increases in Saudi Arabia and Nigeria more than offset the failing production of Venezuela, resutling in an production increase...- Rodent Replied
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Kuwait Petroleum to Splash $500 Bln on New Production
Kuwait is boosting its production capacity from 3.15 to 4.75 million bpd by 2040. Sounds very ambitious in light of green forecasts... Or are...- Marina Schwarz Replied
- 1 reply
- 1,798 views
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Bad News for Texas Oil Workers
The oil and gas workforce in Texas has shrunk to the lowest in seven years. So the hopes of another boom in hiring won't...- Marina Schwarz Replied
- 6 replies
- 4,885 views
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Oil Tough Habit to Kick even for Norway
if Norway is having trouble kicking its oil habit, what are the chances of the Saudis succeeding? Apparently, one of Europe's greenest countries--if not...- Marina Schwarz Replied
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Aramco IPO Delay
Aramco IPO reportedly delayed by indecision regarding the listing venue. If only y'all could all see my surprised face right now..- Rodent Replied
- 4 replies
- 6,166 views