Legislation , Storage

Lawmakers Introduce Bill to Fund Oil Purchase for Emergency Reserve

$3 billion measure would replace purchase struck from the stimulus bill.

April 8, 2020

Exploration & Production , Crude Oil , Trade , Shale Plays , Storage , Pipelines

Where Will the Excess Glut of US Oil Go?

Excess supply has sparked a fresh dilemma among U.S. drillers, which are being asked to cut oil production as storage space fills up.

April 7, 2020

Crude Oil , Tankers , Storage

As Shale Struggles, Crude Tankers Ply Oceans of Cash

Even with very high day rates, the oil market contango means that floating storage makes economic sense.

April 6, 2020

Petrochemicals , Natural Gas liquids (NGL) , Natural Gas , Frac Spread , Crude Oil , Storage

Frac Spread: NGL Prices Rise, but Outlook Joyless

The gloomy forecast will falter if COVID-19 passes quickly and the global economy recovers its appetite for hydrocarbons.

April 2, 2020

Crude Oil , Storage

Column: US Oil Output Set to Plunge as Storage Fills

Adjustment to low prices will be much faster than in the past.

April 2, 2020

Tankers , Storage

Is Crude Oil Storage on Vessels the Answer?

As demand for crude oil falls and storage tanks around the world fill up, there is a temptation to turn to tankers for storage.

April 1, 2020


Column: Global Oil Storage to Fill Rapidly as Consumption Plunges

If Saudi Arabia and Russia ramp up production as promised, the increase could total as much as 700 million barrels per month.

March 27, 2020

Crude Oil , Trade , Legislation , Storage

Small, Midsize Oil Producers Left Out of Stimulus Bill

The U.S. Department of Energy has withdrawn a solicitation to purchase oil for the Strategic Petroleum Reserve citing a lack of certainty around funding.

March 26, 2020

Petrochemicals , Natural Gas liquids (NGL) , Natural Gas , Frac Spread , Crude Oil , Storage

Frac Spread: Shale Shares Misery Down Value Chain

NGL price collapse deprives oil and gas producers who leaned on associated liquids when crude struggled.

March 26, 2020