The OPEC+ coalition of producers achieved in July a compliance rate of 159 percent. According to OPEC, the production cuts, combined with “ongoing healthy oil demand so far”, have “arrested global oil inventories growth and should lead to significant draws in the second half of the year.” Read the full article here Source: […]
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EIA at the Department of Energy said on Tuesday petroleum production increased by 16 percent and natural gas rose 12 percent. The increase in production has created a need for more pipelines and infrastructure throughout Texas. EPIC Midstream Holdings Inc began shipping crude oil on its 400,000 b/d pipeline from the Permian Basin to the […]
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“Watch for much higher global crude runs in the final months of the year as refineries pump out supplies to meet [marine fuel specification] changes for January 1. Let’s talk more about the current falling oil prices. Overwhelmingly bearish economic sentiment has sent oil prices spiraling down. Moreover, persistent cuts in demand growth forecasts are […]
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OPEC+ Boasts 159% Compliance With Oil Production Cuts
IndustryThe OPEC+ coalition of producers achieved in July a compliance rate of 159 percent. According to OPEC, the production cuts, combined with “ongoing healthy oil demand so far”, have “arrested global oil inventories growth and should lead to significant draws in the second half of the year.” Read the full article here Source: […]
US leads the world in oil, gas productiond
IndustryEIA at the Department of Energy said on Tuesday petroleum production increased by 16 percent and natural gas rose 12 percent. The increase in production has created a need for more pipelines and infrastructure throughout Texas. EPIC Midstream Holdings Inc began shipping crude oil on its 400,000 b/d pipeline from the Permian Basin to the […]
Falling Oil Prices May Find Some Support From IMO 2020
Industry“Watch for much higher global crude runs in the final months of the year as refineries pump out supplies to meet [marine fuel specification] changes for January 1. Let’s talk more about the current falling oil prices. Overwhelmingly bearish economic sentiment has sent oil prices spiraling down. Moreover, persistent cuts in demand growth forecasts are […]