WTI Stabilizes At $70 -- Hess Reports Another EN-Cvancara Well -- October 16, 2024

Locator: 48593B.

AAPL: hit an all-time intra-day high yesterday. Pre-market today, holding those gains.

Trump: shades of P. T. Barnum? I haven't been following this story; see some headlines. It wouldn't surprise me. Is Trump in a win-win situation? Even if he loses the election, is he positioning himself for one of the biggest cash hauls of all time? 

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Back to the Bakken

Hess EN-Cvancara: see this post for recent update, which will also take you to site where these wells are tracked. The newest EN-Cvancara well to report tomorrow:

• 40194, conf, Hess, EN-L Cvancara ARA-LS-155-93-2826H-2, Robinson Lake,

WTI: $70.61.

Thurssday, October 17, 2024: 33 for the month; 33 for the quarter, 547 for the year
40314, conf, Oasis, Truax State Federal 5398 43-9 3B,
40194, conf, Hess, EN-L Cvancara-LS-155-93-2826H-2,
39214, conf, BR, Parrish-Kermit 5B TFH-ULW,

Wednesday, October 16, 2024: 30 for the month; 30 for the quarter, 544 for the year
40269, conf, Hess, EN-L Cvancara LS-155-93-2826H-1,

RBN Energy: with China's economy in the doldrums, is global oil demand growth likely to stall?

The International Energy Agency (IEA) and others have lowered growth targets for global oil consumption in the short term, while traders began a sell-off in crude benchmarks before the recent recovery in oil prices. Their main concern? China, which has accounted for a large part of global demand growth, has recently seen a sharp drop in oil demand due in part to an economic slowdown as well as a sharp increase in electric vehicle (EV) adoption. In today’s RBN blog, we will examine what’s happening in China, what it means for global oil demand, and where additional demand growth might come from.