Tag Archives: Focus on Fracking

Blogger RJS, Focus On Fracking, OPEC Decides to Increase Production, Natural Gas Prices Fall by the most in 8 years and maybe most ever Oil for the sixth consecutive week this week, as OPEC decided to increase production even as a Omicron surge loomed . . . after falling 10.4% to $68.15 a barrel last week after the discovery of a new Covid variant sent global markets tumbling, the contract price for US light sweet crude for January delivery opened...

Commenter and Blogger RJS at Focus on Fracking and MarketWatch 666 brought up the past history of US SPR oil releases and the impact on oil prices in the Comments section. Since 1990, each time releases (SPR) have been made, there has been a countering reduction of oil by OPEC which could include Russia this time. Taken from Tyler Durbin’s Zero Hedge post entitled “Saudis, Russians Consider Pausing Oil Production Increases In Retaliation To...

Blogger RJS, MarketWatch 666 and Focus on Fracking, Global Oil Shortage at 1,930,000 barrels per day in October as OPEC’s output falls 588,000 barrels per day short of quota OPEC’s October Oil Market Report Thursday of this week saw the release of OPEC’s November Oil Market Report, which includes OPEC & global oil data for October, and hence it gives us a picture of the global oil supply & demand situation for the third month after...

Commenter and Blogger RJS, Focus on Fracking, The Latest US Oil Supply and Disposition Data from the EIA US oil data from the US Energy Information Administration for the week ending October 22nd indicated that after a modest increase in our oil imports and a modest decrease in our oil exports, we had surplus oil to add to our stored commercial crude supplies for the fourth time in five weeks and for the for the ninth time in the past thirty weeks...

Oil prices at 7 year high after longest string of weekly gains on record, Focus on Fracking, Commenter and Blogger RJS Oil prices rose for a record 9th consecutive week to a fresh 7 year high following across the board withdrawals from US oil & product inventories . . . after rising 3.7% to a 7 year high of $82.28 a barrel last week as global shortages of coal and natural gas were expected to lead to increased demand for oil, the contract...

[unable to retrieve full-text content]Focus on Fracking: US oil price at a 7 year high; largest US oil inventory build in 7 months; global oil shortage at 2,400,000 barrels per day as OPEC output is ​375,000 barrels per day short of​ quota​. Commenter and Blogger RJS OPEC’s October Oil Market Report Wednesday of this week saw the release of OPEC’s […] The post Globally; oil short at 2,400,000 barrels/day; OPEC output is 375,000 barrels/day short of...

and gasoline exports at a 26 month low . . . Blogger and Commenter R.J.S., Focus on Fracking: “Oil price is highest since 2014; natural gas price fell from 12 year high after largest inventory increase in 16 months” Oil prices finished higher for the 7th straight week after OPEC decided to only add the minimum to global supplies in the coming months . . . after rising 2.6% to $75.88 a barrel last week as rising global demand amid tight...

US natural gas hits highest price since 2008, closes at 7 1/2 year weekly high; European and Asian prices 5 times higher, Commenter RJS, Focus on Fracking Oil prices rose for a sixth consecutive week as rising global demand amid tight supplies more than offset higher US inventories . . . after rising 3.0% to $73.98 a barrel last week as U.S. crude inventories fell to a 35month low and as global oil supplies tightened, the contract price for US...

Commenter and Blogger RJS adds more detail to what I would suggest is a coming shortage of oil and oil products. Focus on Fracking US crude supplies at a 35 month low; total supplies of oil and all products made from it at a 6 1/2 year low… US oil data from the US Energy Information Administration for the week ending September 17th indicated that despite sizeable increases in our oilfield production and our oil imports, we still needed to...

“Global oil shortage at 2.77 million barrels per day in August as OPEC, Output falls short of quota by 684,000 barrels per day,” Commenter and Blogger, RJS, Focus on Fracking OPEC’s Monthly Oil Market Report “The Latest US Oil Supply and Disposition Data from the EIA”  Monday of this week saw the release of OPEC’s September Oil Market Report, which covers OPEC & global oil data for August, and hence it gives us a picture of the global oil...