The firm finds it onerous to see a peak in oil demand rising earlier than the 2030s SOURCE: Oil & Gas – Read complete story here.
Economists have given us a mannequin of how costs and portions of products are imagined to work together. (Click to enlarge) Figure 1. From Wikipedia: The worth P of a product is decided by a stability between manufacturing at every worth (provide S) and the wishes of these with buying energy at every worth (demand […]
– Crude oil flat worth, spreads, refining margins and product spreads all mean-reverted this week as PADD III refineries got here again on line to the tune of roughly 2m bpd and the remaining outages developed a extra clear return time-frame. Refining margins and product spreads nonetheless stay elevated however we have been struck by […]
ECB holds charges; crude oil hits recent three-month high SOURCE: Commodities – Read complete story here.
> Home / Commodities / North Sea oil and gas producers say they have left ‘death spiral’ September 6, 2017 by Industry optimistic regardless of lowest exploration ranges since 1970s and eager competitorsSOURCE: Oil & Gas – Read complete story here.
> Home / Commodities / China’s private refiners near merger to address overcapacity September 5, 2017 by Teapots hope formation of mega group will give banks and state stake of their survivalSOURCE: Oil & Gas – Read complete story here.
> Home / Commodities / Hurricane Harvey raises awkward questions over US energy ambitions September four, 2017 by Concentration of oil and fuel infrastructure on Gulf Coast leaves it weak to climate occasionsSOURCE: Oil & Gas – Read whole story here.
210-420 Bcf recoverable not sufficient in Barents Sea Statoil (ticker: STO) reported the outcomes of its first properly within the Korpfjell prospect, an exploratory nicely within the Barents Sea. The Korpfjell prospect is a big construction within the Norwegian part of the Barents Sea, nicely inside the Arctic Circle. According to Lundin Petroleum (ticker: LUPE), […]
Approximately 4.5 million barrels of oil have been launched from the Strategic Petroleum Reserve (SPR) in response to Hurricane Harvey’s impact on nationwide gasoline availability. Three million barrels of the reserves will attain Marathon Petroleum Corp and one other 500,000 bpd will attain Valero Energy Corp. from the reserves on the Bayou Choctaw website, based […]
The East Coast will begin feeling the consequences of Hurricane Harvey because the gasoline provided from the Gulf Coast begins to dry up. One of an important pipelines that ships refined merchandise to the Eastern Seaboard shut down on Thursday, which signifies that the U.S. Southeast, Mid-Atlantic, and Northeast might see provide disruptions and worth […]