Weekly oil data, from John Kemp via Twitter:
- US oil production rose 62K bopd to 9.1 million bopd; that's up 531,000 bopd from the recent low of 8.6 million bopd in Sept 2016
6/1/2017 | 06/01/2016 | 06/01/2015 | 06/01/2014 | 06/01/2013 | |
---|---|---|---|---|---|
Active Rigs | 48 | 27 | 80 | 189 | 187 |
RBN Energy: where refiners are allocating their 2017 CAPEX dollars.
Jobless claims: econoday --
- forecast: 239K
- prior: 234K
- wow, huge miss: first time claims increase 248K, well above the forecast of 239K
- forecast: 183K
- actual: 253K (revised upward to 255K)
- unemployment rate headed for 4%
- labor market: "rip-roaring"
- $1.9 billion
- two deals
- will focus on DJ Basin, Delaware Basin, and Eagle Ford
- 90-day stay, comment period
- environmental groups say they will block EPA move in court
- $5.2 billion project
- joint venture with three companies
- Saudi's National Shipping Co
- UAE's engineering firm Lamprell, PLC
- South Korea's Hyundai Heavy Industries
- 1.7 square mile shipyard along Saudi's east coast
- major production to begin in 2019; full capacity by 2022
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