All data below is based on the latest OPEC Monthly Oil Market Report. All data is through April 2017 and is in thousand barrels per day. Looking at the above chart it seems obvious what most OPEC nations were doing. They announced in … Continue reading
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Please place all non-petroleum posts in this thread.
The IEA Oil Market Report was published in mid April, data from the report can be found here. The EIA’s STEO was published on May 9, 2017. I assume in the chart above that OPEC crude output is 32 … Continue reading
Comments not related to petroleum in this thread please. I am having difficulty coming up with posts, I could use some help with posts, either petroleum or non-petroleum. Contact me at firstname.lastname@example.org with your idea, before you spend a lot of … Continue reading
A number of news media pieces have recently suggested that oil prices may fall due to soaring output in the US. Output from US light tight oil (LTO) may not rise as quickly as some EIA reports may suggest. One … Continue reading