Tag: Oil price
Weakening Shale Productivity Could Be Bullish For Oil Prices
After years of improvements in drilling techniques and impressive “efficiency gains,” there is now evidence that the U.S. shale industry is reaching the end of the road on well productivity. A report earlier this month from Raymond James & Associates finds that the U.S. shale industry may struggle to achieve further productivity gains. If these […]
Gasoline Market Tightening In Latest EIA Energy Report
Introduction After last week`s surprising build of 7.2 million barrels in the oil market, we were wondering if this was an anomaly, the effects of the shipping channel disruptions, or just a timing issue regarding tanker offloads. Well, we added another 7 million barrels to oil inventories again this week, but gasoline inventories had a […]
Oil Price Now Hostage To The Financial Market
Oil prices regained more ground on Wednesday, pushed higher after equity markets rebounded from an initial selloff at the start of 2019 trading. The price gains are not entirely convincing. WTI and Brent posted strong gains, each up more than 3 percent by midday in New York, but come largely after U.S. equity markets shook […]
