Crude Oil

Crude Oil

What's Affecting Oil Prices This Week (October 21, 2019)?

For the week ahead, Stratas Advisors expect prices to continue to decline on persistent demand concerns and ample supply.

October 21, 2019

Crude Oil

Russia Says It Missed Oil-Deal Target Due To Rise In Gas Condensate Output

Russia produced more oil in September than envisaged by a global deal due to an increase in gas condensate output as the country prepared for winter, local news agencies reported on Oct. 20.

October 20, 2019

Crude Oil

Total Says 2 MMbbl/d Of Crude Supply Off Market Due To Geopolitics

Oil markets have lost 2 million barrels per day (MMbbl/d) of crude supply this year due to security and political issues but are more concerned about slowing demand, a senior executive at French oil and energy group Total said on Oct. 18.

October 18, 2019

Crude Oil , Construction , Pipelines

Rangeland Begins Construction Of Marten Hills Pipeline System

The system consists of new crude oil and condensate pipelines located in the Marten Hills region of north-central Alberta.

October 16, 2019

Business , Crude Oil , Shale Plays , Midstream

Global Oil Supply Seems Bullish

Shale has relegated peak oil supply concerns to the dustbin of history; now worries are focused on the potential for peak demand.

October 15, 2019

Crude Oil

What's Affecting Oil Prices This Week (October 14, 2019)?

For the week ahead, Stratas Advisors expect Brent to average $58/bbl as enthusiasm about a trade deal wanes.

October 14, 2019

Crude Oil , Trade

‘Business As Usual’ After Saudi Attacks, IEA Says

Saudi Arabia took just 11 days to restore lost output, though average supply there tanked by 770,000 bbl/d to just over 9 million bbl/d in September—the lowest level since 2011.

October 11, 2019

Crude Oil , Tankers

Oil Posts Biggest Gain In A Month After Reports Of Iranian Tanker Attack

Oil prices jumped more than 2% on Oct. 11 after Iranian media said a state-owned oil tanker had been struck by missiles in the Red Sea near Saudi Arabia, raising the prospect of supply disruptions weeks after attacks on Saudi oil plants.

October 11, 2019

Crude Oil , Storage

US Crude Stocks Climb As Production Hits Record, Refineries Cut Output

U.S. crude stocks rose last week as refineries cut output to the lowest level in nearly two years and production edged higher to a record of 12.6 million barrels per day, the EIA said on Oct. 9.

October 10, 2019

Business , Exploration & Production , Liquefied Natural Gas (LNG) , Natural Gas , Crude Oil , Pipelines

Basis Differentials Scorecard: The Dilemma Of Diffs

Differentials between basins are subject to wide swings as new pipeline capacity comes online.

October 10, 2019