As we have discussed numerous times, the higher cost producers in the oil industry has been making systematic and systemic changes aimed at reducing the cost to produce a barrel of...
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Well, the last few weeks in oil have been interesting to say the least! Until recently, oil spreads traded in a very narrow range from the beginning of the year forward,...
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CERAWeek, the annual industry conference held here in Houston which is discussed more in detail in another article, marked a new level of friendliness and openness between OPEC and U.S. producers...
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What a difference a year makes.  Or for that matter, a few months. For the last two years, everything we have seen and read has been about how the world is...
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U.S. oil production forecasts for 2017 and 2018 have been significantly revised upwards due to rising prices and increased production efficiency. The EIA now expects U.S. production to reach 9.53 million...
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Every year, major oil execs meet in Houston to discuss market conditions, the future, and to hob-nob with each other in rich fashion. Last year, the focus was the tension between...
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As the oil industry has come back up so has steel pricing. Although the two have very little connection on a global scale. In fact, steel pricing has varied recently more...
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One of the frequent discussion in the Five Star Standard is about worldwide production numbers and the relative difficulty in measuring data.  Indeed, in past editions, we have spoken at great...
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At the close of each quarter, I joyfully (or sometimes not so joyfully) read through the major OEMs earnings conference calls in hopes of finding gyms. I don’t really focus on...
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In one of our articles in the previous edition of The Five Star Standard,  we noted that North Sea crude was rushing to fill demand created by Asia’s oil refiners.  Crude...
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