Sunday, November 24, 2024

Weekly Oil Storage: Unexpected Build

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week. Crude oil stocks rose by 5,836 MBBL last week to 411,084 MBBL from 405,248 MBBL. This is 16% below the 490,623 MBBL that was in storage at this point last year, and is 2% below the five-year

Bellatrix Exploration to Present at The Oil and Gas Conference

Bellatrix Exploration Ltd. (TSX/NYSE: BXE) Bellatrix Exploration Ltd is a Calgary, Alberta-based intermediate energy producer focused on exploration and development of light oil and liquids-rich natural gas in the Western Canada Sedimentary Basin. Its two core resource plays are the Spirit River and the Cardium formations in Western Canada. In Q2 Bellatrix started phase two of its O’Chiese Nees-Ohpawganu’ck deep-cut