Oil price turnaround seen as unlikely this year
International Institute for Advanced Studies notes volatility in oil markets with a sharp price rise followed by indicators of oversupply and slowing China demand. U S shale output declines, OPEC fatigue seen but no imminent policy shift. Texas economy faces negative spillovers unless prices rebound within a year.
MENTIONED IN THIS ARTICLE
United States
China
Addi
Tion
Organization of the Petroleum Exporting Countries
OPEC
Oil price swings roil markets amid 8 percent drop
Oil crashed after a 27 percent surge over three days, marking the sharpest move in 25 years as slowing demand and rising global supplies collide with weakness in China Japan and Europe. S&P 500 swung amid broader volatility, with oil trading near lows unseen since 2009.
MENTIONED IN THIS ARTICLE
New York
Oil price outlook and Russia’s oil-led economy risks
Elam analyzes oil markets with a cautious forecast. Prices may bounce to 53 then fall to retest 37.75, aiming for a December to January low in 2016. Russia faces the biggest losses as oil dependence hurts ruble value and growth, while China also stalls amid geopolitics and Arctic activity.
MENTIONED IN THIS ARTICLE
China
Eagle Ford
Russia
Venezuela
Saudi Arabia
Arctic
Putin
Alaska
Obama
Bering Sea
Blue Water Navy
U S Rig Count Falls to 864 Across States
Baker Hughes reports a weekly drop of 13 rigs to 864 in the United States with 662 drilling for oil and 202 for natural gas. Louisiana up four, California and Oklahoma up one each. Texas down 11, Colorado Kansas New Mexico and other states down or flat. Peak was 4530 in 1981, low 488 in 1999.
MENTIONED IN THIS ARTICLE
Houston
Baker Hughes Inc
U.S
Baker Hughes
Louisiana
California
Oklahoma
Texas
Colorado
Kansas
New Mexico
Alaska
North Dakota
Ohio
Arkansas
Pennsylvania
Utah
West Virginia
Wyoming
Tostatest
Nevada
Etrocy Cerony
Alabama
New York
Oregon
South Dakota
Arizona
Middle Ix
Florida
Far
Georgia
Hawa
Far West
Idaho
North
Indiana
Panhandle
Kentucky
Virginia
Washington State
Wisconsin
Maryland
United States
Michigan
Canada-Land
Mississippi
Canada
Montana
Nebraska
West Texas
Permian Basin Drilling Permits Approved by Railroad Commission
Texas Railroad Commission approved Aug 27 through Sept 2 permits across Districts 70 8 and BA for numerous operators including American Energy Permian Basin LLC Anadarko E&P Onshore LLC Brigham Resources and more. New drills recompletions and unit expansions span Reeves Midland Glasscock Upton Howard Andrews Pecos Culberson and several other counties with multiple permit counts per lease unit.
MENTIONED IN THIS ARTICLE
Texas Railroad Commission
American Energy-Perm Basin LLC
Rocker B
Reagan
University SR
Anadarko E&p
Reeves
New Rill
Sundance State
BHP Billiton Pet
Txla Op) Co
State Cumberland
Breitburn
Breitburn Operating LP
McNallen
West
Howard
New
East Howard
New Drill
Brigham Resources Operating LLC
Hoefs
Littleton
Midland
KC-7
COG Operating
Marie Upton
Ludeman B
Loving
ConocoPhillips Company
Andrews
Burn -A
CrownQuest Operating, LLC
Glasscock
Diamondback E&p LLC
Saxon B
Saxon C
Riley
Reed
Eagle Production Inc
Ferrel
Runnels
Elevation Resources LLC
University
Endeavor Energy Resources LP
Kemper
Martin New
Stephens Fee
Marrow State
Ward
Penrose
Oldham
Endurance Resources LLC
Orbison
Wantana
Muddy Waters State
Reeves New
Falken Oil and Ranch Ltd
Fee Bo
Hunt Oil Company
Uynett Ranch
Flood
King Reclass
Boone Coffee
Incline Energy
Pecos
Jagged Peak Energy LLC
Cub Creek
Kinder Morgan Production Co. LLC
Sacroc
Scurry
Laredo Petroleum, Inc
Lenox 2
Buzzard State
Marco
Panther Exploration LLC
Quincy
Parallel Petroleum LLC
Rio Bravo
Parsley Energy Operations LLC
Trees State
Patriot Resources Inc
Reedbuck
Darlington Unit
Williams
Clayton Energy Inc
Foreman
XTO Energy Inc
Hurley
Fullerton Clearfork
LHS Ranch
McElroy Ranch
Upton
Goldsmith
C.A
Et al
Ector
Wolfcamp
San Andres
Railroad
Also Mentioned on This Page
International Institute For Advanced Studies
Energy Information Administration
EIA
THE
Associated Press
Phil Flynn
Price Futures Group
S&p
Japan
Europe
Elam
Ukraine
Permian Basin Drilling Report
Callon Petroleum Operatig Co
Bohannon
Capitan Energy Inc
Alice Fee
Culberson
Mother Fee
Cavalcade Operating Company LLC
McCutchen
Chevron U.S.A. Inc
Encana Oil & Gas USA Inc
Davidson
Griffith
Bodine
Legacy Reserves
Talbot A
Talbot
Talbot C
Talbot F
Matador Production Company
Arno
Mercury Operating LLC
Don Pfluger
Concho
Mewbourne Oil Company
Winkler
OXY USA Inc
Morris Grantham
Lila Adkins
Connally
Adkins A
Guthrie West Waldron
Palmer
Gaines
OXY USA
Polo
Pioneer Natural Resources USA Inc
Brook Mic
McDaniel
Donald L Hutt Fee
Brook
Louder
Martin
Corey
Scharbauer Ranch
Primexx Operating Corporation
Bell 213 ‘A
Reeves, New Drill
PT Petroleum LLC
University Maroon
QEP Energy Company
Mabee KJ West
Riley Exploration Opg Co. LLC
Yoakum
Beaten Path
Samson Exploration LLC
Joanne East
Shell Western E&p. Crockett
Wed
Silver Creek Oil & Gas LLC
Geronimo
Cochran
Winchester
Silver Hill Energy Partners LLC
Rudd Draw
Smith Energy Operating Company
Spring Creek
Garza
Tema Oil and Gas Company
Sid M. Kyle