OPEC basket, link here: $41.29.
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Back to the Bakken
Director's Cut to be released later today: link here.
Active rigs:
| $40.41 | 10/16/2020 | 10/16/2019 | 10/16/2018 | 10/16/2017 | 10/16/2016 |
|---|---|---|---|---|---|
| Active Rigs | 16 | 60 | 69 | 58 | 31 |
No wells coming off the confidential list today.
RBN Energy: crude oil export volumes hold up despite a barrage of storms.
Last week, Hurricane Delta became the latest of a string of hurricanes and tropical storms that have assaulted the Gulf Coast this year and disrupted energy production in the Gulf of Mexico — and energy exports. A number of major storms made direct hits or glancing blows to crude export centers like Corpus Christi, Houston, Beaumont, and Louisiana, forcing marine terminals to either slow down their carrier-loading operations or shut down for a few days at a time.
That led to a yo-yoing of weekly export volumes: way down one week, way up the next. Despite the short-term dislocations, however, total export volumes since the hurricane season started on June 1 are actually up slightly from the first five months of 2020, a testament to the resilience not only of the export market but to the marine terminals themselves. Today, we discuss how hurricanes and tropical storms have been affecting export-terminal activity.
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