Thursday, November 28, 2024
Tanker- Tand gas 360

The oil glut is filling up the world’s supertankers fast

Houston Chronicle The world’s oil tankers are being filled with crude at a record pace as the options to store a glut on land rapidly diminish, one of the industry’s largest owners said. A combination of surging production from key producers worldwide and capitulating demand in the face of the coronavirus outbreak means that land storage is being overwhelmed, said

Column: Global oil storage to fill rapidly as consumption plunges – Kemp

Reuters LONDON  – Global oil storage is filling up rapidly as the coronavirus pandemic reduces consumption by tens of millions of barrels per day (bpd) while leading oil producers have yet to rein in their crude output. No comprehensive data exists on total storage volumes available in the petroleum supply chain or the amount unfilled at the start of the

Oil pain spreads beyond Permian to small towns across America- oil and gas 360

Oil pain spreads beyond Permian to small towns across America

Houston Chronicle The oil market turmoil sparked by Saudi Arabia and Russia is threatening U.S. jobs even in Cut Bank, Montana, and Magnolia, Arkansas — relatively obscure communities in the world of energy. In such places, mom-and-pop outfits run so-called stripper wells, which generate no more than 15 barrels a day. After crude’s crash in 2014, they were forced to

U.S. rig count had an increase of 1 this week, at 255- oil and gas 360

U.S. rig count decreased by 44 this week, at 728

This week’s Baker Hughes rig count shows that U.S. had a decrease of 44 over last week, resulting in a total count of 728 rigs. Canada had a decrease of 44 over last week, resulting in a total Canadian count of 54 rigs. Breakdown by region Of the regions tracked by Baker Hughes, no regions saw an increase this week.