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As we await another weekly dose of U.S. inventory data, all we can hear are bullish snores amid a bearish pause (paws?).
Mr. Sheffield has previously stated how he expects Permian production to rise to 5 million barrels per day by 2020.
Exports of Qua Iboe averaged 330,000 barrels per day in 2015, before dropping to 220,000 bpd last year.
Loadings through the first two months of this year have now dropped below 200,000 bpd.
As of December 2016, generation capacity for wind has surpassed that of hydro, driven by wind capacity additions in 2016 (hark, 8,727 MW).
Oil Prices Find Support As OPEC Compliance Nears 100%
Libya’s major oil export terminals Es Sider and Ras Lanuf have been crucial elements in the latest upswing in Libyan oil production.
Oil prices fell to three week lows before recovering slightly on Friday morning, as early reports of OPEC’s compliance in February look promising.
OPEC compliance will keep prices from falling but rising U.S. shale production will cap any price gains.
Related: Are Oil Prices Really Driven By Supply And Demand?
(Click to enlarge)(Click to enlarge)(Click to enlarge)(Click to enlarge)(Click to enlarge)(Click to enlarge)(Click to enlarge)Friday, March 3, 2017Oil prices dropped to a three-week low on Thursday following a bearish data release from the EIA.
collected by :Jack Alex