Friday, August 9, 2019

Notes From All Over, Part 2 -- August 9, 2019

Permian: not on its way out -- Rigzone. Even Nick Cunningham over at oilprice says the Permian will grow to 8 million bopd. Saudi Arabia maximum sustained, maybe 11 million bopd. Permian on its way out? Rystad said quite the opposite. Data points:
typical Permian well currently produces approximately 830 bopd during its second month of production -- an all-time high

EIA dashboards:

Ethanol: Brazil considers dropping barriers to US ethanol. Wow, it's great to have a businessman in the White House, along with that guy that always falls asleep at meetings over at "Commerce."

Aramco cuts prices for oil headed to Asia. Will raise prices for northwest Europe. Oh, well. Link here.

Piped-out?