OPEC Assesses The Oil Market 3 Months After Cut

On November 30, OPEC agreed to cut its group output to 32.5 M/bpd. Those cuts were to take effect on January 1. As we discussed last week, early data suggest that most members are complying with the deal, which is set to remain in effect…

The Nightly Surge | February 20, 2017

It’s President’s Day. And many of you have the day off. Here at The Surge, we don’t take days off! Unless we need a day off. But TK and DK know who the real commander and chief is – Oil & Gas. So, in honor of this President’s Day…

The Morning Surge | February 20, 2017

Happy President’s Day everybody! Today we actually celebrate George Washington’s birthday, even though he was technically born on February 22. That’s because we just take the third Monday in February and celebrate his birthday…

The Nightly Surge | February 16, 2017

“Unhinged.” This seems to be the word of the moment. After the end of the President’s press conference today, people said either he is unhinged, or the media is unhinged. All I know is that I want to be unhinged. Seems like it would be…

OPEC’s First Cut Is The Deepest, IEA Says

All eyes are on OPEC and other major oil producers to determine whether they are complying with production cut agreements that were to take effect on January 1. According to the IEA, they are for the most part complying- at least…

The Nightly Surge | February 15, 2017

The Day After. No, not the famed 1983 TV Movie “The Day After” about the joys of nuclear holocaust. The day after Valentine’s Day. Or as General Michael Flynn calls it, “When’s the next space shuttle off the planet?” day. Are you not…

The Morning Surge | February 15, 2017

Time to get my Valentine’s Day chocolate for half off! Good morning all you lovebirds out there! From this day forth when you post about your significant other on Facebook or Instagram, you’ll actually mean it! Which is good, no?…

Hey China, Knock It Off

There’s a not-so-secret place in southwest Houston you can go to buy high-end goods for a fraction of what the price would be for the real thing. Convince the proprietor you’re not part of a counterfeit squad crackdown and doors will open…

The Morning Surge | February 14, 2017

I know what today is. Why would I not know what today is? I see the copious amounts of chocolate all over the place at Wal-Mart. And what does me being single have to do about it, anyway? Why are you even asking?…

The Oil Market Is Almost Balanced Already, EIA Says

Both the US Energy Information Administration and the International Energy Agency recently released their monthly reports, which both point to a recovering oil market, uncertainty about the trajectory OPEC production cuts, and a…

The Nightly Surge | February 13, 2017

Monday the 13th or Friday the 13th? I can’t decide which sounds more ominous. All I know is that they both sound a heck of a lot scarier than Tuesday the 12th. Whenever Tuesday the 12th comes around, you’ll see me very at ease. How’s that for…