The U.S. Dominates New Oil and Gas Production Since fracking took off in 2008, we have more than doubled our proven oil reserves to ~65 billion barrels. Natural gas reserves have surged over 80% to ~430 trillion cubic feet. Already the largest oil and gas producer, the U.S. is set to increase its share of […]
A surprise build reported by the API seems to be putting downward pressure on crude markets this morning. WTI Crude is trading at $58.96, a loss of 28 cents. Fuel is down in early trading this morning. Diesel is trading at $1.9454, a loss of 2.0 cents. Gasoline is trading at $1.6427, a loss of […]
Oil Drillers Continue to Remove Rigs from Permian Basin In its weekly release, Baker Hughes Company BKR reported a drop in U.S. rig count. Baker Hughes’ data, issued at the end of every week since 1944, helps energy service providers gauge the overall business environment of the oil and gas industry. Click here to read […]
