oil

dronesOil Prices Up 19% At the Open and USA is Ready to Hit Saudi Attackers

Oil prices hit their highest in four months after Houthi drone attacks damaged Saudia Arabia oil refineries. At the start of trading, Brent crude jumped 19% to $71.95 a barrel, while the other major benchmark, West Texas Intermediate, rose 15% …

energyUS Crude Oil and Oil Product Exports Exceeded Saudi Arabia’s Oil Exports

Saudi Arabia oil exports will dip for a few days because of the damage to oil handling infrastructure. Saudi Arabia oil exports were 7,371.537 Barrel/Day in Dec 2018 and 6,968.319 Barrel/Day in Dec 2017. US oil exports including non-crude oil …

dronesHouthi Drone Strike Has Damaged Half of Saudi Oil Facilities

A Houthi Drone Strike has damaged half of Saudi Arabia’s oil capacity. Saudi Arabia says the fire a will be put out and repairs made within days. Yemen’s Houthi rebels on Saturday took responsibility for the attacks, saying 10 drones …

canadaUS All Liquid Oil Production is at 73% of OPEC Oil Production

US All Liquids oil production is at 19.6 million barrels per day. US oil production is forecasted to increase by 1-2 million barrels per day by the end of 2020. US crude oil production is at 12.5 million barrels per …

energyUS All Liquid Oil Domination Nears 20 Million Barrels per Day

Last week, US crude oil production reached a record 12.5 million barrels per day. Other liquids like natural gas liquids, ethanol and condensate reached 7.1 million barrels per day. The combined numbers are the all liquids production which is now …

carsLow Energy Return Will Not Cause a Collapse

A scenario where a modern society could collapse is if the energy returned from new energy sources drops below critical levels. Clearly, if you spend more energy to build a new reactor or solar farm than what the reactor produces …

energyUS Crude Production Keeps Hitting New Records and Texas is Over 5 Million Barrels Per Day

U.S. crude oil production reached a new all-time daily average high of 12.2 million barrels per day (MMbpd) in May. In May, Texas crude oil output was over 5 MMbpd for the first time. Texas is only behind Russia, Saudi …

militaryUS Sanctions Cut Iranian Oil Exports by Five Times and Iran is in an Economic Depression

Iran shipped over 2.5 million barrels per day of crude oil in April 2018, the month before Trump withdrew the US from the nuclear deal but monthly oil exports were down five times to 330,000 to 500,000 barrels per day …

energyUS Extends Lead As World Number One Oil Producer

US Crude oil production is up 600,000 barrels per day since the start of 2019 to 12.3 million barrels per day. EIA forecasts that U.S. production will increase by 1.4 million b/d in 2019 and by 0.9 million b/d in …