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US Shale: Record Fall In May, Is This The Bottom?
...003mn b/d is down just 33,000 b/d from May. July is forecast fractionally lower, at 998,000 b/d which would be the first time below 1mn b/d for Bakken output since January 2017. These figures are substantially higher than those given by state energy regulator Lynn Helms. Speaking on 12 June Mr Helms sa...
Volume: 63Issue: 25Published at Fri, 19 Jun 2020 -
Saudi Fuel Oil Consumption Soars
...e latest Jodi data to April shows that combined crude and fuel burn has averaged 772,000 b/d so far in 2019 (up 6% year-on-year), crude oil burn is down 16% year-on-year to 297,000 b/d. Based on seasonal trends, this implies that liquids burn could eclipse 2017’s record 974,000 b/d and push towards 1m...
Volume: 62Issue: 25Published at Fri, 21 Jun 2019 -
Saudi Wins Out, Opec Switches To Group Ceiling
...r18 Mar18 YTD vs2017 2017 2016 Algeria 1....
Volume: 61Issue: 25Published at Fri, 22 Jun 2018 -
US Shale: Reading The Runes On Future Supply Growth
...illing & Projects Al Hirschberg told the firm’s Q1 earnings call. BAKKEN BUSINESS Perhaps the greatest success of recent months has been North Dakota’s Bakken. As recently as early 2017, the start of the latest US shale boom, many of the sector’s leading lights were skeptical that Bakken output wo...
Volume: 61Issue: 25Published at Fri, 22 Jun 2018 -
Saudi Crude Exports Down, Refining Runs Up, More Products Exports
...rrels (130,900 b/d) in April, the first fall since January. This boosted the total amount of crude Saudi Arabia supplied to the market to 10.077mn b/d, the first time it has exceeded 10mn b/d since December. 1: SAUDI ARABIA MONTHLY CRUDE BURN (‘000 B/D): 2017 CONSISTENTLY LOWER THAN 2016 SO...
Volume: 60Issue: 25Published at Fri, 23 Jun 2017 -
Will Venezuela Join Libya & Nigeria In OPEC's ‘Long-Term Outage’ Club?
...rk “would probably need [prices] to be about $10/B higher for some period of time.” “Our view, at this point in time, is that this probably is a 2017 event,” he adds. A major boost to US crude output is not only dependent on oil prices reaching and possibly surpassing $60/B. Activity could be co...
Volume: 59Issue: 25Published at Fri, 24 Jun 2016