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Dhaka Wednesday,  Aug 23, 2017

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oil.crude world rig_9 LONDON, Aug 01, 2015 – Oil prices hit fresh multi-month low points this week, with no sign of an end to a global supply glut. Metals, including gold and copper, stabilised after a recent rout fuelled by cracks in the Chinese economy. OIL: Brent crude hit $52.28 a barrel on Tuesday, the lowest level since February 2. The same day, New York’s main contract dropped to $46.68 a barrel, the... »
oil Monday’s 8% WTI crude decline is setting up a big opportunity for buyers. And there could be more to come. But this is driven by momentum, not by the fundamental conditions in the physical market. To the point: Demand is heading towards record levels both internationally and in the U.S. The Greek issue is not new and it has not changed. It is just popular now as deadlines are pushed.... »
superbowl In the pantheon of American culture, no event is more iconic and distinctly American than the Super Bowl. Like all things American, the Super Bowl is huge, expensive, and a source of incredible passion for fans. Just running a 30-second commercial to the more than 100 million people that watch the game costs nearly $5 million. So how much electricity and energy go into putting on the Super Bowl? There... »
fuel The fallout of the collapse in oil prices has a lot of side effects apart from the decline of rig counts and oil flows. Oil production in North Dakota has exploded over the last five years, from negligible levels before 2010 to well over a million barrels per day, making North Dakota the second largest oil producing state in the country. But the bust is leaving towns like Williston, North... »
fuel-tank-273x205 The financial pages of Canadian newspapers have been full of headlines lately announcing the potential of two large shale oil fields in the Northwest Territories said to contain enough oil to rival the Bakken Formation of North Dakota and Montana. The report by Canada’s National Energy Board (NEB) evaluated, for the first time, the volume of oil in place for the Canol and Bluefish shale formations, located in the territory’s... »
Michael McDonald Although some US oil companies are struggling with low oil prices, a new wave of innovation is hitting the oil patch, allowing for a significant reduction in drilling costs. A variety of different improvements in production are starting to show up at all levels across the industry from small firms to oil majors. Statoil for example recently noted that it is experimenting with different types of sand and chemicals to... »
shalegas Oil prices have rebounded strongly since March. The benchmark WTI prices soared by more than 36 percent in two months, and Brent has jumped by more than 25 percent. There is a newfound bullishness in the oil markets – net long positions on Brent crude have hit multi-year highs in recent weeks on a belief that US supply is on its way down. That was backed up by recent EIA... »
oilfield Underground disposal of waste water produced from oil and natural gas wells has been blamed for triggering thousands of small earthquakes in Oklahoma and a number of other U.S. states since 2009. Heightened seismic activity corresponds closely with the timeframe and location of increased drilling and hydraulic fracturing across the southwest United States, according to the U.S. Geological Survey (“Incorporating induced seismicity in the 2014 United States national seismic hazard... »
shitu 3 Primary Energy Crude oil imports declined by 1.92% in November’14 compared to the previous year. However, it rose by 5.9% in December’14 and by 416% in January’15 compared to the previous year. Imports of petroleum products increased in November’14, followed by decline in December’14 and January’15. Gas production has been showing an increasing trend from November’14 to January’15. Chevron accounted for about 49 percent of gas production in Bangladesh in... »
oil11 Last night the EIA once again capitulated on the myth that rig counts don’t matter and the productivity of wells would largely offset, leaving the industry on a continuous path to higher output. The current consensus of 500,000 B/D additional growth in 2015 US production now appears very much at risk. Look how far we have come, folks, from all that media hysteria this past year. Yesterday, Reuters even wrote... »