Why Oil Isn’t Reacting to Storm Fern’s Supply Shock
Winter Storm Fern has eclipsed Kazakhstan’s Tengiz restart, with up to 2 million b/d of U.S. crude output…
USGS Uncovers Massive New Oil and Gas Potential in the Permian Basin
A new discovery in the Permian Basin is challenging the narrative that shale oil and gas in the…
Oil prices head for weekly surge amid Venezuela blockade, Nigeria strike
(Bloomberg) — Oil headed for the biggest weekly gain since late October, as traders tracked a partial US…
U.S. Crude Hits a Record While Key Export Data Goes Dark
U.S. oil production hit another record in September, but the bigger story in this month’s Petroleum Supply Monthly…
bp sells minority stakes in US midstream assets for $1.5 billion
– Transaction will be completed in two phases, with about $1 billion paid upfront and…
Oil Executives Forecast 2026 Price Dip Amid Permian Basin Production Surge
Oil executives are predicting a decline in prices by 2026, driven primarily by a surge in production from…
Permian Quality Wrinkle Could Disrupt Oil Flows
Plains All American Pipeline is grappling with a crude quality scare on its Permian-to-Corpus Christi system, raising questions…
American Oil Majors Expand as Smaller Producers Retreat Amid Price Pressures
Previously, we reported that U.S. oil production has maintained its upward trajectory in the current year even as…
Shale Oil Pessimism Could Be Overdone
The press is now full of articles about the p Watford City, North Dakota, Oil production in the…
Saudi, Argentina, and China Push to Tap Giant Shale Reserves
Over the past decade, the United States has become the world’s biggest crude oil producer and the top…
The Permian’s Dirty Secret Is Bubbling Over
The Permian Basin produces over 5 million barrels of oil daily. With that, the Permian also produces a…
Enterprise sees resilience in Permian despite drop in oil prices
(Bloomberg) – Enterprise Products Partners LP, one of the largest pipeline operators in the Permian basin, sees oil…