| $44.07 | 6/28/2017 | 06/28/2016 | 06/28/2015 | 06/28/2014 | 06/28/2013 |
|---|---|---|---|---|---|
| Active Rigs | 59 | 30 | 75 | 191 | 189 |
RBN Energy: natural gas takeaway constraints pose challenge for crude oil production in the Permian. This sounds vaguely similar to the early days of the Bakken boom in Norht Dakota.
Failing. That OPEC cut in production? It's not working. Apparently crude oil inventories in the US rose slightly week-over-week. The forecast had been for a slight decline. US crude oil inventories rose by 851,000 bbls. At this rate, it will take 71 weeks to re-balance:
Week
|
Date
|
Drawdown
|
Storage
|
Weeks to RB
|
Week 0
|
Apr 26, 2017
|
529.0
|
180
|
|
Week 1
|
May 3, 2017
|
0.9
|
528.0
|
178
|
Week 2
|
May 10, 2017
|
6
|
522.0
|
29
|
Week 3
|
May 17, 2017
|
1.8
|
520.2
|
95
|
Week 4
|
May 24, 2017
|
4.4
|
515.8
|
38
|
Week 5
|
May 31, 2017
|
6.4
|
509.9
|
41
|
Week 6
|
June 7, 2017
|
-3.3
|
513.2
|
60
|
Week 7
|
June 14, 2017
|
1.7
|
511.5
|
63
|
Week 8
|
June 21, 2017
|
2.5
|
509.0
|
62
|
Week 9
|
June 28, 2017
|
-0.2
|
509.2
|
71
|
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.