oil supply

WTI Oil Price to Average $75 in 2022 and Remain Elevated for Years, Raymond James Predicts

WTI Oil Price to Average $75 in 2022 and Remain Elevated for Years, Raymond James Predicts

With demand mounting and global supply in catch-up mode, oil prices are likely to climb in the second half of 2021 and hold strong for several years, as economies around the world recover from the coronavirus pandemic and drive up energy needs, analysts at Raymond James & Associates Inc. said Monday. The analysts, including John…

August 2, 2021
Taproot Adding More Oil Infrastructure in DJ

Taproot Adding More Oil Infrastructure in DJ

Denver-based Taproot Energy Partners LLC said its midstream affiliate plans to construct an oil gathering pipeline at its Platte River property in the Denver-Julesburg (DJ) Basin for Confluence Resources LP.  Taproot, which plans to have the project in service by July 1, said it now has more than 325,000 dedicated acres from five separate producers. …

May 21, 2021
Global Energy Hubs in South Texas, Netherlands Working to Advance Maritime Operations

Global Energy Hubs in South Texas, Netherlands Working to Advance Maritime Operations

The Port of Corpus Christi in South Texas, one of the nation’s top oil and natural gas exporters, has signed a memorandum of understanding (MOU) with Europe’s largest port in the Netherlands to advance global maritime operations.  Co-developing trade and commercial opportunities, exchanging information and advancing the development and deployment of technologies related to navigational…

March 12, 2021
New Five-Year Plan for Mexico E&P Potential Sign of Future Bid Round Reactivation

New Five-Year Plan for Mexico E&P Potential Sign of Future Bid Round Reactivation

The release of a new five-year plan by Mexican Energy Ministry Sener could be a sign that future exploration and production (E&P) bid rounds for private sector operators are in the offing. That’s according to analysis done by Mexican consultancy Talanza.  E&P bid rounds have been frozen since President Andrés Manuel López Obrador came to…

December 15, 2020
Monthly Oil Supply Disruptions Surge on Coronavirus and Middle East Tumult, EIA Says

Monthly Oil Supply Disruptions Surge on Coronavirus and Middle East Tumult, EIA Says

Political instability, sanctions, hurricanes and the coronavirus pandemic intersected and sent oil production outages soaring this year, new federal data show. Disruptions to crude oil and condensate production were up among members of both the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC countries through September, the U.S. Energy Information Administration (EIA) said Tuesday.…

October 13, 2020