OPEC revenues fall to lowest level in a decade
Revenues at the Organization of the Petroleum Exporting Countries fell to $433 billion in 2016, their lowest level since 2004, according to a report Friday by the U.S. Energy Information...
View ArticleThe complexity of OPEC compliance
One of the biggest conundrums of the OPEC / NOPEC production cut from a ClipperData perspective is that no sooner does a producer appear to be showing compliance via lower exports, lo and behold,...
View ArticleMarket Currents: Limbering up for OPEC
Last week we discussed how some OPEC producers are exhibiting compliance via lower exports, while others are not. Our export data affirms what others are saying about Iraq: that OPEC’s second largest...
View ArticleMarket Currents: Extension reflects OPEC’s shortcomings
As OPEC’s latest meeting concludes in Vienna, just a glimpse at the charts below helps explain why the cartel’s production cut deal has been extended for another nine months: it hasn’t worked so far....
View ArticleKinder Morgan moving forward with Trans Mountain through IPO
Houston’s Kinder Morgan said it plans to start construction in September on its massive Trans Mountain pipeline project in Canada. The plans though are contingent on Kinder Morgan successfully taking...
View ArticleApache Corp. hires U.S. cave institute to study water in West Texas’ Alpine...
Houston oil and gas company Apache Corp. has hired the nation’s preeminent cave research institute to study the aquifers around Balmorhea State Park, home to the famous San Solomon Springs. In...
View ArticleMarket Currents: OPEC – The Hangover
No sooner had the dust settled after the conclusion of the latest OPEC meeting (with oil traders selling the market like hot cakes), we got Saudi oil minister Khalid Al-Falih saying that exports to the...
View ArticleBig rigs are helping drillers pump more for less
On a drilling rig towering above quiet cattle farms in Southeast Texas, Eric Williams perched inside the cabin of the 16-story machine, twisting a pair of joysticks to guide a gigantic wrench roaring...
View ArticleExxon Mobil to clash with climate activists, investors at annual gathering
DALLAS – Exxon Mobil will clash with activist investors again on Wednesday at its annual meeting in downtown Dallas, where shareholders will weigh nine proposals related to the company’s impact on...
View ArticleMarket Currents: Oil still roiled
As oil ventures into forty dollardom once more, today’s blog takes a peek at a number of supply side influences, from Basrah buoyed to Brazil nuttiness, all via a ‘call on shale’. Hark, here are a...
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