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Purvin & Gertz Launches Global Crude Oil Market Outlook
HOUSTON – Independent energy consulting firm Purvin & Gertz has launched a new study, the 2010 Global Crude Oil Market Outlook. Key conclusions Near-term future oil supply increases will be a combination of non-OPEC and OPEC producers – Robust …
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ONEOK Partners to build Bakken pipeline
… mile crude-oil pipeline from the Bakken shale in the Williston Basin in North Dakota to the Cushing, Okla., crude- oil market hub. The Bakken Crude Express Pipeline will have the capacity to transport 200,000 barrels per day (bpd) of light …
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Weekly Update: EP Energy and Cove Energy find their suitors
In a week where confidence has been returning to the oil market in tandem with the increasing oil price, two companies that have been in the shop window over the past few months have found willing …
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Latin America seeking to diversify energy matrixes: Frost & Sullivan
… Peak Oil in Latin America: Present and Future Perspectives for the Oil and Gas Market, finds that the Latin American oil market produced 10.11 million barrels daily in 2008 and estimates this to reach 11.17 million barrels in 2014. Due to energy …
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Industry Briefs
… mile crude-oil pipeline from the Bakken shale in the Williston Basin in North Dakota to the Cushing, Okla., crude- oil market hub. The Bakken Crude Express Pipeline will have the capacity to transport 200,000 barrels per day (bpd) of light …
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Who moved my rig?
… range of complex drilling environments and variety of new regulatory compliance requirements. In the days prior to the oil market crash, onshore rigs were available for nothing less than thousands of dollars per hour, and many companies in the industry …
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Evolution in energy trading highlights need for improved risk management skills
… demand growth seen in the DOE/EIA weekly oil statistics in August and September, we believe this does not bode well for oil market demand-side fundamentals." DB's trade recommendation: "We are selling the January '08 contract, rather than …
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Taking on the NY Times and second-guessing the President
… markets." She added, "The release of oil from the system last week was aimed to remove the fear factor out of the oil market and thereby both protect the stability of the global economy and additionally ensure that oil producers are discouraged …
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Alaska's oil and gas production tax severely limits upside profit potential
… bbl US West Coast Alaska North Slope [ANS] crude oil market price.) Progressivity rises at a rate of 0.4% for ..... piece: see Appendix). At the current (summer 2010) oil market price of about $80 per barrel the marginal tax rate …
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The race to liquids
… high historically. The considerably higher ratio over the past two years reflects both the dynamics of the global crude oil market and the shale-induced oversupply of North America's natural gas. Figure 3 indicates how the relative strength in crude …