Thursday, August 8, 2024

Locator: 48359B.

Another Cramer darling dropped 20% intra-day yesterday: Dutch Brothers.

Weekly EIA petroleum report, link here:

• in storage: 6% below five-year average
• refiners: 90.5%
• airlines: down 1.2%

Gasoline demand, link here, end of summer driving season:

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Back to the Bakken

WTI: $75.32.

Friday, August 9, 2024: 22 for the month; 78 for the quarter, 404 for the year
40375, conf, Iron Oil Operating, Stocke 6-4-9H,
39603, conf, Hess, BL-Iverson B-155-95-0807H-8,
39252, conf, Hess, SC-4WC-153-98-3130H-4,

Thursday, August 8, 2024: 19 for the month; 75 for the quarter, 401 for the year
40236, conf, Iron Oil Operating, Stocke 5-4-9H,
39602, conf, Hess, BL-iverson B-155-95-0807H-7,

RBN Energy: Guyana in line to become major crude oil supplier, but obstacles remain.

Guyana’s rise as a crude oil producer in recent years can only be described as meteoric. If forecasts from some of the most respected international agencies pan out, the South American country’s output may soon rival some of the world’s biggest offshore producers. But the developments there are not without some controversy: they’re the centerpiece of a dispute over the proposed Chevron-Hess merger, while neighboring Venezuela claims that much of Guyana’s oil reserves are actually within Venezuelan territory. In today’s RBN blog, we’ll take a deep dive into Guyana’s production, examining its grades, quality and export flows as it transforms into a major global supplier.