(Bloomberg) — Crude prices in America’s oil capital are getting dangerously close to zero.Buyers bidding for crude in Texas, the birthplace of the shale revolution, are offering as little as $2 a barrel for some oil streams, a precipitous markdown from a month ago. The slumping value of physical barrels — Read on finance.yahoo.com/news/texas-oil-2-barrel-raises-120000398.htmlRead more "Texas Oil at $2 a Barrel Raises Specter of Negative Prices | Bloomberg"
Asia’s crude oil imports from the United States climbed to a record in August, but that may be as good as it gets for some time – and it’s not just the escalating trade war between Washington and Beijing to blame. — Read on http://www.reuters.com/article/column-russell-crude-usa-asia/column-asias-imports-of-u-s-crude-hit-record-but-pullback-likely-russell-idUSL3N25U1CCRead more "COLUMN-Asia’s imports of U.S. crude hit record, but pullback likely: Russell – Reuters"
U.S. natural gas and crude oil production increased last year at the fastest pace ever for a single country. — Read on http://www.bloomberg.com/news/articles/2019-06-11/u-s-oil-gas-output-surges-the-most-ever-for-a-single-countryRead more "U.S. Oil, Gas Output Surges the Most Ever for a Single Country – Bloomberg"
EIA data show an unexpected weekly climb in U.S. crude supplies Myra P. Saefong The Energy Information Administration on Wednesday reported that U.S. crude supplies rose by 5.4 million barrels for the week ended May 10. Analysts and traders expected a fall of 1.4 million barrels, on average, according to a survey by The Wall Street […]Read more "EIA data show an unexpected weekly climb in U.S. crude supplies – MarketWatch"
NEW YORK (Reuters) – U.S. crude oil production is expected to rise by 1.49 million barrels per day (bpd) in 2019 to average 12.45 million bpd, the U.S. Energy Information Administration (EIA) said on Tuesday, up from its previous forecast for a rise of 1.43 million bpd. The EIA forecast output in 2020 will rise […]Read more "EIA raises forecast for 2019, 2020 U.S. crude output growth – Reuters"
U.S. crude oil production grew 17% in 2018, surpassing the previous record in 1970 – Today in Energy – U.S. Energy Information Administration (EIA) — Read on http://www.eia.gov/todayinenergy/detail.phpRead more "U.S. crude oil production grew 17% in 2018, surpassing the previous record in 1970 – Today in Energy – U.S. Energy Information Administration (EIA)"
Oil futures saw choppy trade Wednesday after data showed a larger-than-expected jump in U.S. crude inventories. The Energy Information Administration said crude inventories rose 7.2 million barrels to 449.5 million barrels in the week ended March 29, leaving them at the five-year average. Analysts surveyed by S&P Global Platts had produced a consensus forecast for […]Read more "Oil drifts lower in choppy trade after unexpected jump in U.S. crude inventories – MarketWatch"
Oil prices rise as API data reportedly show a surprise decline in U.S. crude supplies – MarketWatch — Read on http://www.marketwatch.com/story/oil-prices-rise-as-api-data-reportedly-show-a-surprise-decline-in-us-crude-supplies-2019-02-26Read more "Oil prices rise as API data reportedly show a surprise decline in U.S. crude supplies – MarketWatch"
NEW YORK (Reuters) – U.S. crude oil output is expected to rise 1.45 million barrels per day (bpd) this year and 790,000 bpd more next year, bringing total output to 13.2 million bpd, the Energy Information Administration said in a monthly forecast on Tuesday. U.S. oil production this year is forecast to be at a […]Read more "U.S. oil output to hit new record above 13 million bpd in 2020: EIA | Reuters"
Oil futures drop Wednesday to settle at their lowest in more than a year, sending U.S. prices sliding toward $50 a barrel, on the back of a 10th straight weekly rise in U.S. crude stockpiles. — Read on http://www.marketwatch.com/story/oil-prices-churn-as-us-inventory-climb-expected-2018-11-28Read more "Oil settles at lowest in over a year, with U.S. prices sliding toward $50 – MarketWatch"