OPEC Output Freezes Update

While I was gone visiting our supply chain, we received quite a bit of news that may give us some indication on the probability of OPEC agreeing to freeze production at...
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Major Forecast Revisions By EIA, OPEC, And IEA

The major international agencies that monitor, advise, or seek to control oil release monthly reports. Below is a summary of the major changes noted by each. I would encourage you to...
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The Week In Numbers for the Week Ending 8-26-2016

 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 reports...
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CONTEST: Win a Yeti Cooler!

We still have to have some fun during the downturn, and Five Star needs your help! We have already given away two Yeti Coolers for leaving us a review promotion, and...
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Just How Much More Efficient Are those New Wells?

One question that we keep going back to is how efficient are the new wells being drilled? This question is critical to determining the profitability of a well and what price...
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OPEC Production Freeze? Don’t Get Your Hopes Up

Since the start of August, Crude oil prices have risen about 15% on speculation that OPEC may agree to a production freeze coupled with a weakening U.S. Dollar (although they took...
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The Week In Numbers for the Week Ending 8-19-2016

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 reports...
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Short Takes For Week Ending August 12, 2016

Hedge Fund Increase Net Long Positions Crude has rallied a bit over the last two weeks. Hedge funds increased their combined net long position in NYMEX+ICE WTI by +18 million bbl...
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Where was CAPEX Cut the Most?

In one of our recent articles, we reported that oil and gas companies have reduced planned spending through 2020 by a whopping $1 trillion USD. (See also http://www.cnbc.com/2016/06/15/global-oil-industrys-retrenchment-tops-a-staggering-1-trillion.html ).   This number...
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Ty’s Take for Week Ending August 19, 2016

This was a great week for the price of oil, marked by two major occurrences that allowed a bull rally. As of Thursday, West Texas Intermediate (WTI) had gained 11.15% over...
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