January 3, 2017 Charts
US oil production increased by 232 MB/d in Oct; US crude oil stocks rose by 0.6 MMB last week; US oil rigs are up 66% from the May low.
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US oil production increased by 232 MB/d in Oct; US crude oil stocks rose by 0.6 MMB last week; US oil rigs are up 66% from the May low.
Source: Pixabay.com There’s less than two weeks left before the 2016 calendar gets tossed. So for the pundit community it’s time to publish the obligatory list of, “What to Watch For in in the New Year”. It’s pointless to list the obvious. For oil and gas, pundits know that things like OPEC compliance, US […]
The Fed hiked rates at its December meeting; Nov OPEC production rose to 34.2 MMB/d; Crude oil inventories fell by 2.6 MMB.
E&Ps have surged since OPEC’s meeting; WTI climbed to a 17 month high on Monday; Trader long positions rose post OPEC meeting.
