Hints and tips:
...The IEA forecasts crude consumption to increase by 1.3mn barrels per day this year while Opec this week maintained its growth estimates of 2.25mn b/d for 2024....
...of a libertarian/conservative flavour, and that (b) McKinsey is a consultancy with a strong incentive to say what its corporate clients want to hear....
...Saudi Arabia has boosted its oil output by more than 20 per cent in the past month and says it is now producing above 12m b/d. Russian output is more than 11m b/d....
...pursuing a more disciplined capital allocation policy....
...Peter Conti-Brown, author of “The Power and Independence of the Federal Reserve,” says the White House's public deference to the Federal Reserve is a relatively recent development, a privilege Alan Greenspan...
...Opec estimated that the world would need 31.4m b/d of its oil next year, down 2.1m b/d from 2017, principally as a result of surging production from US shale....
...The Permian basin, a shale region spanning western Texas and New Mexico, will account for 800,000 b/d of the 1.2m b/d of oil production growth expected between December 2017 to December 2019, the EIA said...
...Not every US exploration and production company is expecting short-term growth, but enough are predicting expansion to support the EIA’s forecast that US oil output will hit a record above 10m b/d next year...
...The International Energy Agency reckons the oil market is facing a third successive year when supply will exceed demand by 1.0m b/d, an imbalance that will place enormous strain on the ability of the oil...
...From a year-on-year figure of 2.2m b/d at the start of 2015, it has slowed to 300,000 b/d in November, according to the International Energy Agency....
...Production reached a 44-year high of 9.6m b/d in April, according to the Energy Information Administration....
...It has delayed by years a new 80,000 b/d in situ project at Carmon Creek, near Peace river, Alberta....
...In April 2013, the company predicted it would reach 150,000 b/d of production in the Eagle Ford by 2017. By the first quarter of this year, it had already exceeded that, with production of 160,000 b/d....
...d....
...“This worries us as Mr Orsi’s strategy was focused on avoiding any capital increase and disposing of peripheral assets,” Mr Conti wrote in a note to investors....
...Output from the oil sands – much of it in Alberta – is set to more than double by 2021, to about 3.7 million barrels a day, 2m b/d more than in 2011, according to a forecast released in June by Alberta’s...
...The report said spare Opec capacity had averaged 2.5m barrels per day during January and February, compared with an average of 3.7m b/d for the same period last year....
...By the end of the decade, Alberta could be producing 4m to 5m barrels a day (b/d) from the oil sands and other fields – enough to put it among the world’s top 10 oil producers....
...Enterprise said late on Wednesday that the Wrangler project, that would have carried 800,000 b/d from Cushing to Port Arthur in Texas, will now be subsumed into the Seaway reversal....
...A big, receptive market is on the doorstep. Canada shipped an average of 1.9m barrels of oil a day to the US last year, compared with 1.2m b/d from Mexico and 1.1m b/d from Saudi Arabia....
...production of 2.8m b/d in 2010....
...Ms Sen cut her forecast for global oil demand growth this year from 1.56m barrels a day to 1.1m b/d....
...FT Alphaville’s ironicometer exploded over the weekend as (A) S&P cited political risk as a reason for the downgrade, (B) Washington, especially the Administration, aggressively moaned about that rationale...
...In New York Nymex October West Texas Intermediate moved $1.40 higher to $88.67 a barrel. Oil prices fell briefly last week as Libyan rebels took the country’s capital Tripoli....
...In a commencement speech to Princeton students last year, he recalled his childhood in Texas. “As a young boy, I’d been a garage inventor,” he said....
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