…Global Oil for May Tuesday of this week saw the release of OPEC’s June Oil Market Report, which includes details on OPEC & global oil data for May, and hence it…

…to indicate that our total working supply of oil from net imports, from storage, and from oilfield production was 418,000 barrels per day less than what our oil refineries reported…

…BP held oil spill videos for weeks. More PhotosOn May 1, 11 days after the Deepwater Horizon oil rig exploded, and nine days after oil began spilling into the Gulf,…

…our oil imports and our oil exports due to Hurricane Ida, we needed to withdraw oil from our stored commercial crude supplies for the fourteenth time in sixteen weeks, and…

…flood the global market with oil in an attempt to put US shale out of business…. The number of rigs drilling for oil was up by 13 to 576 oil…

…from Texas….that’s now two more Gulf rigs than the 16 rigs that were active in the Gulf a year ago, when 15 Gulf rigs were drilling for oil offshore from…

…22, 2020 – 3:16pm Wednesday of this past week saw the release of OPEC’s June Oil Market Report, which covers OPEC & global oil data for May, and hence it…

…is not how much oil is in the ground. Rather, the question is at what price can this oil be extracted. The reason most of this oil is still there,…

…the 1979 oil shock, oil consumption jumped to 6% of GDP. For comparison, in 2004 oil consumption was 2.2% of GDP (imported oil was 1.27% of GDP). On the above…

Focus on Fracking: US oil price at a 7 year high; largest US oil inventory build in 7 months; global oil shortage at 2,400,000 barrels per day as OPEC output…