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Production

Output, projections, new projects

Big Oil Should Be Thankful for the Price Crisis

Most of those with any exposure to the oil and gas industry must have got tired of all the drama that’s been coming from this direction in the last couple of years. Continue reading “Big Oil Should Be Thankful for the Price Crisis”

Analyze This

Venezuela could be the next that tips the scales of oil prices in a more favorable direction, at least for producing countries. Continue reading “Analyze This”

Time for More Production Disruptions in Libya

Libya has bumped up its daily crude output above 700,000 barrels and, just yesterday, seized two tankers illegally loading crude. That may be good for Libya but it’s certainly not good for international oil prices. Continue reading “Time for More Production Disruptions in Libya”

Glut Still Here, but No Worries, War Will Take Care of It

I just saw the last thing I’ve posted here: the piece about Saudi Arabia saying the oil glut is over… last June. If you’re laughing, I admit so am I. However, that’s not an entirely happy laughter because when just a sentence from the Saudis, Russians or anyone for that matter can swing the market, things are not very, well, normal. Continue reading “Glut Still Here, but No Worries, War Will Take Care of It”

Glut Over, Says Saudi Oil Minister

Saudi Arabia’s new oil minister Khalid al-Falih has told the Houston Chronicle in an interview that “the oversupply has disappeared.” Continue reading “Glut Over, Says Saudi Oil Minister”

$1 Trillion Wiped Out from 2015-2020 E&P Budgets

Wood Mackenzie has released the latest cheerful report about the oil and gas industry, saying it has and will cut a total $1 trillion from its E&P budgets between 2015 and 2020. Continue reading “$1 Trillion Wiped Out from 2015-2020 E&P Budgets”

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