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PatrickO'Brian wrote a new post, The 7 reasons behind U.S. oil’s sharpest daily point drop in almost 3 years 6 years, 4 months ago
The biggest weekly drop in U.S. crude supplies couldn’t halt the drop in oil prices Wednesday as traders chose to focus on expectations for higher global output.
Read Full Article Here: h […]
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PatrickO'Brian posted an update 6 years, 5 months ago
There Are Fears About an Oil Spike Above $150Oil investors may regret urging companies to cough up cash now instead of investing in growth for later as the dearth of exploration is setting the stage for an unprecedented crude price spike, according to Sanford C. Bernstein & Co.
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PatrickO'Brian changed their profile picture 6 years, 5 months ago
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PatrickO'Brian wrote a new post, BIG OIL BOOMS: Texas Truck Drivers Make $140k, Forces Rising Wages in Other Industries 6 years, 6 months ago
Big Oil is having an incredible impact, again, in Texas. Midland, TX is experiencing such a booming shale-oil economy that truck drivers are making more than $100,000. In turn, smaller businesses are […]
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PatrickO'Brian wrote a new post, Venezuela struggles with huge oil export backlog 6 years, 6 months ago
Venezuela is nearly a month behind delivering crude to customers from its main oil export terminals, according to shipping data, as chronic delays and production declines could breach state-run PDVSA’s […]
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PatrickO'Brian posted an update 6 years, 6 months ago
https://www.cnbc.com/2018/05/16/oil-to-hit-90-in-2020-on-diesel-jet-fuel-demand-morgan-stanley.html
Crude oil to hit $90 a barrel as diesel, jet fuel demand soars, Morgan Stanley predictsA looming shortfall in crude oil needed to make certain kinds of fuel will push Brent to levels not seen since October 2014, Morgan Stanley says.
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The looming shortfall can quickly be erased with OPEC adjusting their output. Let the game of supply and demand begin.
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PatrickO'Brian wrote a new post, How Oil And Gas Companies Can Thrive In A Shallower Profit Pool 6 years, 6 months ago
My computer graphics on people and natural resources.
Buoyancy has returned to the oil and gas industry as prices stabilize in the $50 to $70 range. Capital spending is rebounding and new upstream projects […]
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PatrickO'Brian posted an update 6 years, 6 months ago
The Oil And Gas Situation: Four Big Factors Influence U.S. Oil MarketsAs public companies complete their budget re-settings for the 2nd half of the year, a number of market factors will likely drive capital to basins outside of the Permian region, and lead to continued expansion of U.S. crude exports.
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PatrickO'Brian posted an update 6 years, 7 months ago
Oil and the dollar are doing something they have only done 11 times in the past 35 yearsCrude-oil prices surged by more than 10% in the past month and the U.S. dollar jumped by more than 3% in the same period—it is a dynamic that has only happened 11 times since 1983 and it has drawn the attention of market participants attempting to assess the significance of the unusual market dynamic.
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PatrickO'Brian wrote a new post, Saudi Arabia should expect Iran to 'play hardball' at OPEC's next meeting 6 years, 7 months ago
President Donald Trump’s withdrawal from the Iran nuclear deal is likely to exacerbate tensions between two of the world’s biggest oil producers at next month’s OPEC meeting, one analyst told CNBC Wednesd […]
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PatrickO'Brian posted an update 6 years, 7 months ago
Where Do Oil Prices Go If President Trump Spikes The Iran Deal?It seems highly likely that President Donald Trump will withdraw from the 2015 Iran nuclear deal by the May 12 deadline. The implications of such action for global oil markets are far-reaching and it's one of the primary drivers of prices today.
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The current market volatility around the reimposing sanctions make me think they will rise on fear and settle back down at the $60-65 range.
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PatrickO'Brian wrote a new post, Cybercriminals are exposing oil and gas — but the industry is turning a blind eye 6 years, 7 months ago
There are over a million oil and gas wells in the United States. There are also several hundred thousand miles of pipelines. Digitization is on the rise in the notoriously conservative oil and gas i […]
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PatrickO'Brian posted an update 6 years, 7 months ago
Behind a paywall (WSJ) – an interesting take on the hot topic of AI and our industry.
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How AI Will Increase the Supply of Oil and Gas—and Reduce CostsThere is nothing inherently green about digital innovation, says WSJ Energy Expert Jason Bordoff, who believes it could boost oil and gas production to new levels.
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PatrickO'Brian wrote a new post, It’s Houston vs. Houston, as offshore drillers compete with onshore shale oil 6 years, 7 months ago
Competition for oil companies does not solely come from overseas anymore; the fiercest opponents are across the street, or maybe even in the same building.
Executives and engineers responsible for […]
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PatrickO'Brian posted an update 6 years, 7 months ago
https://www.wsj.com/articles/marathon-petroleum-to-buy-andeavor-for-more-than-20-billion-1525054049
Marathon Petroleum to Buy Andeavor for More Than $23 BillionMarathon Petroleum agreed to buy pipeline and refining company Andeavor for $23.3 billion, the latest deal in an active year for energy-related mergers.
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PatrickO'Brian wrote a new post, Exxon Mobil shares fall 3.5% on earnings miss fueled by weak refining and chemicals profits 6 years, 7 months ago
Exxon Mobil on Friday reported earnings of .09 per share, compared with .12 forecast by Thomson Reuters.
Exxon Mobil on Friday reported its quarterly profit increased from a year ago, but fell short of […]
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PatrickO'Brian wrote a new post, Chevron shares rise after big earnings beat on strong oil and gas production profits 6 years, 7 months ago
Chevron saw its stock price jump as it reported first-quarter earnings that easily topped expectations, fueled by rising oil and natural gas production and higher commodity prices.
Shares of Chevron were up […]
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PatrickO'Brian wrote a new post, Shell earnings surge as oil prices rebound 6 years, 7 months ago
Oil giant Royal Dutch Shell posted a 42 percent rise in profits in the first quarter of 2018, underpinned by a recent uptick in oil and gas prices.
Net income attributable to shareholders on a current cost of s […]
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PatrickO'Brian wrote a new post, Four ways technology is making the oil and gas industry greener 6 years, 7 months ago
The oil and gas sector has long suffered a negative reputation — traditional extraction and production methods have contributed heavily to Canada’s carbon footprint through the emission of methane gas and oth […]
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PatrickO'Brian posted an update 6 years, 7 months ago
A trend of first-quarter earnings? Let’s hope so.
https://www.cnbc.com/2018/04/23/halliburton-revenue-jumps-34-percent.html
Halliburton revenue jumps 34%Halliburton reported a 34 percent jump in first-quarter revenue on Monday as rising oil prices prompted North American companies to boost oil and gas production.
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