Ty’s Take for the Week of 10-14-16

            Saudi Arabia’s Energy Minister Khalid Al-Falih said Monday that he is optimistic about reaching a deal given the interest expressed by both OPEC and non-OPEC members (particularly Russia). In fact,...
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OPEC and Russia Sending Signals, U.S. Poised to Start Recovery

            OPEC seems to be on a mission to get some sort of production deal in place since their announcement in Algiers last month that the cartel would work to freeze...
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Wood Group Delivers Massive Savings via Standardization

         Earlier this week, Wood Group announced that they had received permission to us a well pad design for work at the Firebag in-situ site in Alberta, Canada. Suncor Energy is...
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Oil Data: A Real Problem

            One major problem not often discussed is the data we get regarding oil. We all await reports from OPEC, EIA, IEA, and others to help us determine what is happening...
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The Week In Numbers for the Week Ending 9-30-2016

          Each week, we strive to provide you a bare bones summary of what happened to the price of WTI, Natural Gas, and Brent Crude. In addition, we summarize the major...
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Kazakh Field Set to Resume Production By End - 2016

         While we are all getting excited about the OPEC production freeze, I thought I would put it in perspective. This week, it was initially announced (the statement was later withdrawn),...
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Ty’s Take for Week Ending September 30, 2016

          So, let me start this week’s column with a frank admission: I was wrong.   Well, not totally. I gave the possibility of an OPEC freeze less than a 20% chance...
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Spending Expected to Increase in 2017

         Even before the preliminary OPEC freeze agreement, Bloomberg reported that the oil industry is ready to start adding some CAPEX next year . According to Blomberg, companies will increase spend by...
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OPEC Reaches An Agreement To Freeze Production. Sort Of.

          In the build up to the informal OPEC meeting in Algeria this week, markets made a substantial ado about the likelihood of an agreement to freeze production. We even published...
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What Effect Do Low Oil Prices Have On The U.S. Economy?

One of the more interesting parts of the downturn has been what, if any, effect low oil have had on the U.S. economy. On October 01, 2014, WTI closed the day...
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  900 Hits

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