An Important Message For Oilprice Members

  1. Rodent


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

    • Rodent Replied
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  2. Marina Schwarz


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

  3. Marina Schwarz


    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...
      

  4. Rodent


    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...

    • Rodent Replied
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  5. Rodent


    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...

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  6. Rodent


    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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  7. Rodent


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

    • Rodent Replied
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  8. Marina Schwarz


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

  9. Rodent


    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
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  10. Rodent


    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
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  11. Rodent


    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
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  12. Rodent


    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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  13. Rodent


    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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  14. Rodent


      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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  15. Rodent


    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...
      

    • Rodent Replied
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  16. Marina Schwarz


    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...
      

  17. OS


    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...
      

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  18. Rodent


    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...
      

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  19. CB


    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...
      

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  20. Rodent


    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
    • 1 reply
    • 3,051 views
  21. Rodent


    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
    • 1,840 views
  22. Rodent


    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
    • 1,632 views
  23. Marina Schwarz


    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...
      

  24. PT


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

  25. Rodent


    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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    • 2,687 views
  26. Rodent


    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
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  27. Rodent


    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
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  28. Marina Schwarz


    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...
      

  29. Rodent


    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
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  30. KT


    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...