An Important Message For Oilprice Members

  1. 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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  2. 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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  3. 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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  4. 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...
      

  5. 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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  6. 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...
      

    • Rodent Replied
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  7. 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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  8. 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
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  9. 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
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  10. 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
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  11. 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...
      

  12. PT


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

  13. 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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  14. 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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  15. 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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  16. 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...
      

  17. 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
    • 2 replies
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  18. 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...
      

  19. Rodent


    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
    • 1 reply
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  20. Marina Schwarz


    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...
      

  21. Marina Schwarz


    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...
      

  22. Marina Schwarz


    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...
      

  23. Rodent


    Aramco IPO reportedly delayed by indecision regarding the listing venue. If only y'all could all see my surprised face right now..

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  24. PT


    After a three-year delay caused by political paralysis in January Lebanon re-launched first licensing round for exploration and production rights in five blocks (1,...
      

  25. Rodent


    "Songbirds in Alberta's oil fields are adjusting their tunes to be heard above noisy drilling equipment, according to new research." --Greenwire   fascinating!!

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  26. Rodent


    ... is still oil, but it's not all the same. New Statoil study says Bakken crude is slightly heavier and more sour than previously reported at...

    • Rodent Replied
    • 1 reply
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  27. Rodent


    Washington Gov Halted proposed oil by rail project, that was in the works by Tesoro Corp. Stock is now in freefall. 

    • Rodent Replied
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  28. FM


    Iraq, the second largest producer in the OPEC has had to limit output in line with OPEC’s commitment to cut output by about 1.2...
      

    • franco Replied
    • 1 reply
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  29. Rodent


    The blacklist now includes Sergey Topor-Gilka, who runs the engineering company Technopromexport and several subsidiaries of Surgutneftegaz (SNGS.MM). Empty gesture, or meaningful strongarming?

    • Rodent Replied
    • 0 replies
    • 1,303 views
  30. Marina Schwarz


    "New York Mayor Bill de Blasio, whose city sued five energy companies this month, including Exxon Mobil, BP and Shell claiming damage to the city from...