Canadian rigs are going back to the field, coaxed by higher commodity prices and greater productivity. Across the land, 314 iron masts were turning bits last week, so the year-over-year rig count is up by almost 50%. But where are they drilling? The pickup has been seen mainly in Alberta, somewhat in Saskatchewan and not […]
Crude oil inventories grew by 2.8 MMB last week; The US oil rig count rose by 15; Sabine Pass had record LNG exports in Jan
How much wood could a woodchuck chuck? Okay, that’s trite, but assuming a woodchuck can chuck wood, the classic children’s alliteration leads economists to think about productivity, poetically. Now I don’t know much about forestry or zoology, or even poetry for that matter. But in the energy business the lyrics might go something like, “How […]
Global demand growth in 2016 hit 1.5 MMB/d; The US oil rig count rose by 22 rigs last week; Henry Hub has fallen by 18% from the Dec peak.
