Locator: 48160B.
Saudi: for the archives. Nothing new. Nothing to see here. In round numbers, Saudi produces ten million bopd and exports 60%. Their budget requires / is based on $100-oil.
Peak oil? Hardly. From Alex Kimani. Peak oil theory so yesterday.
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Back to the Bakken
WTI:
Thursday, July 18, 2024: 33 for the month; 33 for the quarter, 359 for the year
39893, conf, Hess, EN-Madisyn-LE-154-94-0705H-9,
39638, conf, Hess, TI-State-158-95-3635H-4,
40405, conf, CLR, Chase 5-18H,
RBN Energy: will new crude export terminals spur another Permian pipeline?
For a few years now, crude oil shippers out of the Permian have enjoyed a surplus in pipeline takeaway capacity thanks to a slew of new pipes that came online just as COVID crushed demand, prices and production. But Permian production has recovered, and the takeaway situation is changing for some routes. For example, the pipelines from West Texas to Corpus Christi are running close to full, and if a new offshore export terminal gets built, Permian-to-Gulf-Coast takeaway dynamics would get far more complicated — and fast. In today’s RBN blog, we discuss highlights from our new Drill Down Report, which examines Permian crude flows to existing export terminals and the potential impacts of a new deepwater facility.
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