Oil prices have risen back to the mid-$70s this week as a result of tighter U.S. crude inventories and a force majeure on Libyan crude oil exports. Friday, December 23rd, 2021 The interdependence of oil […]
An informative discussion with Thomas Slocum, Candidate for Texas Railroad Commissioner. One of the first questions is what is the Texas Railroad Commission, and why is it important? Thomas covers the importance of the Railroad […]
This won’t win me any friends among the green lobby, but Saudi Arabia’s Oil Minister Abdulaziz bin Salman is right to warn of a potential energy crisis resulting from falling investment in fossil fuels. Here’s why. The prince warned that worldwide […]
ENB Publishers Note: The King Operating Research team has forecasted $125 to $135 through 2023. This forecast is based upon several key indices around Russia and Saudi Arabia’s budget forecasts. Both budgets are based upon […]
The US oil and gas rig count jumped 16 to 716, energy analytics and software company Enverus said Dec. 16, with the Permian by far recording the biggest weekly domestic gain. The week’s total rig […]
European supermajors TotalEnergies SE and Royal Dutch Shell Plc will join Brazil’s state-controlled oil giant at two key fields, marking the latest expansion in Latin America’s largest crude producer and an important victory for President Jair Bolsonaro. […]
Oil at $100 a barrel was considered inevitable not too long ago, as Wall Street strategists predicted a commodities supercycle. And it still remains in play, even with the omicron variant raging and Covid cases […]
Oil rose after U.S. crude stockpiles fell the most since September and a more hawkish Federal Reserve spurred a broader rally in financial markets on speculation it can slow inflation without derailing growth. Futures in […]
As I have talked about for several months, OPEC and OPEC + have again reached the global power that they originally desired. The United States shale revolution held that in check and reduced their influence […]
About half of U.S. oil pipeline space is sitting unused, heating up competition for barrels in higher-output areas like the Permian Basin in Texas. Overall U.S. pipeline capacity utilization is at around 50%, compared with […]
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