Tag Archives: United States of America

The oil and gas rig count is now 104 up from this time last year.

US crude oil imports averaged 7.7 million b d. up by 229.000 b d from the previous week.

The financial crises in Argentina and Turkey have sent shivers through emerging markets.

U.S. crude stockpiles fell last week as refineries boosted output amid strong consumption.

The Permian produced about 3.4 million barrels of oil per day in August.

Saudi Arabia still wants to keep oil prices as high as possible without offending Washington.

OPEC’s production rose in August as a recovery in Libyan output helped offset a cut in Iranian exports.

For 2020. Barclays said it expects Brent to average $75 per barrel. up from its previous forecast of just $55 a barrel.

Resource-pour Japan relies heavily on imports of oil from the Middle East.

The moves by the two top buyers of Iranian crude indicate that Iran may not be fully cut off from global oil markets from November.