December 6, 2016 Charts
E&P equities rallied following the OPEC news; OPEC announced a cut to 32.5 MMB/d; US driller added another 3 oil rigs last week.
Entries by Peter Tertzakian
Commentary – Downsized Oilfield Service Sector Set to Pick Up
Source: Pixabay.com “If you don’t have your crews lined up by now, you’re not going to be able to complete your wells in Q1,” replied my oilfield service friend. “We’re fully booked into the New Year,” he nodded, anecdotally confirming the trends I was starting to sense.
November 29, 2016 Charts
Oil prices fell leading up to the OPEC meeting; US crude oil stocks fell by 1.3 MMB; Natural gas production has recovered recently.
Commentary – The View from the Peak
Source: Pixabay.com The OPEC drama is behind us (for now) with the cartel and its friends agreeing to a peak supply. But the topic that’s talked about behind the scenes in Viennese cafes is that of, “peak demand.” The notion behind peak demand theory is fairly simple: some time over the next five-to-25 years many […]
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