EIA forecasts decline for US oil demand this yearMarilyn Radler
which are determined by various factors, making oil & gas company stocks one of the most volatile sectors. US oil & gas companies are cyclical, therefore benefiting from the increasing economic activities which push up demand and prices of oil & gas. In addition, political and weather uncertaint...
US oil and gas company Endeavor is weighing a sale of its operations, reportedReuters, citing sources. A potential deal could value Endeavor, which operates in the prolific Permian basin, at between $25bn and $30bn. According to sources, Autry Stephens, who founded Endeavor some 45 years ago...
If we use Mexico’s oil consumption minus oil production in barrels for 2020 using BP data we get 598 kb/d more oil produced than consumed, it is possible this oil was stored in Mexico and not exported, I assume all oil produced and not consumed becomes a part of net exports. Alimbiqu...
The implications of this war on global oil production and the peak oil situation are interesting, to put things politely. On one hand the production ex-Rus will be getting a big stimulus in the form of sustained high pricing and demand unmet. How much response can be mustered? If the con...
This time, the impact of plunging Oil prices on equities and other asset classes is not going to be strong, as it’s no longer acting as a measure of risk. US stocks future indices were trading higher despite WTI sitting at a 17-year low. ...
The coherence wavelet method and the wavelet-based Granger causality tests applied to US recent daily data unveil the unprecedented impact of COVID-19 and oil price shocks on the geopolitical risk levels, economic policy uncertainty and stock market volatility over the low frequency bands. The ...
With demand set to hold strong, the re-opening of rigs and completion of wells – a boon for oil and gas services firms – is likely to continue apace for months to come. The International Energy Agency (IEA) recently noted in its monthly oil market report thatOPEC+ spare capacity could...
U.S. Oil Production Has Already Passed Its Peak, Occidental Says Bold Mine By Kevin Crowley October 14, 2020, 1:49 PM CDT America’s oil production will never again reach the record 13 million barrels a day set earlier this year, just before the pandemic devastated global demand, according...
The US Energy Information Administration (EIA) said last week that crude oil production in the US this year will rise by slightly less than previously expected while demand will fall. Weak economic data last week from China, the world’s biggest crude oil importer, a...