Birds of prey -- haven't been able to tell for sure what they are ... I think they're run-of-the-mill vultures. If so, too far away to see the bright red heads. They're circling over the drying creek beds to grab dying fish and/or soccer fields to watch for 7-year-old players to fall over due to heat stress.
US refiners are facing a looming supply drop from their biggest foreign crude supplier at a time when they need the oil the most.
Canada supplies the US with more than 4 million barrels a day of crude, most produced in the oil-rich heartland of northern Alberta and then sent south to refineries in the US. Those refineries are processing the most crude oil in eight years, US government data show, as they look to take advantage of diesel margins that hit a record this week.
But their main international supply source is set to be constrained in the coming months. Planned maintenance in the Canadian oil sands is set to take about 300,000 barrels a day of production offline next month, according to Rystad Energy. The shortfall will be difficult to make up as Alberta’s stockpiles are also at their lowest in more than a year.
Ticker MPC, quite volatile:
************************* Why We're Not Vegetarians Now Its E. Coli And Alfalfa Sprouts
Russia: some/many/most think US has serious military problems now, and forget about this -- Russia is facing four major fronts: Ukraine; the EU; NATO/US; and, China. In a sense, Putin must be relieved that the US, and to some extent, China, are so focused on the Mideast, if not bogged down. There are reports now, China is taking advantage of the situation in the Far East, undercutting Russia's initiatives there.
The close:
Tech:
***************************** Back to the Bakken
WTI: $87.06.
Active rigs: 34,
Four new permits, #43239 - #43242, inclusive --
Operator: Hunt Oil
Field: Frazier, Divide County
Comments:
Hunt Oil has permits for four Frazier wells, SENE 4-161-97,
to be sited 1955 FNL and 325 / 415 FEL.
Five permits canceled:
MRO: two Hopkins USA permits, Dunn County;
True Oil: two Superior Federal permits, McKenzie County;
EOG: one West Clark permit, McKenzie County.
Two producing wells (DUCs) reported as completed:
37223, n/d, XTO, Kulczyk 43X-17EXH, Williams County;
42246, 1,715, CLR, Charleston 8-22HSL, Williams County;
Again, seeing Kraken acquiring a couple of Neptune Operating wells.