The Morning Surge | February 28, 2017

Yes! Yet another Morning Surge is coming your way. Today we’re serving up a lot of updates on developing stories that we’ve been covering for the past few weeks. OPEC cuts, India’s national oil company, and Boulder County’s moratorium…

The 5 Oil & Gas Headlines To Know This Week

Here’s what you need to know this week in oil and gas: Total CEO: OPEC needs to extend cuts – Total SA Chief Executive Officer Patrick Pouyanne said OPEC and Russia would need to extend the output cuts if they…

The Nightly Surge | February 21, 2017

It’s fun coming back to work after a long weekend, right? Kind of like getting your teeth drilled without Novocain or a Percocet kicker to ease the journey. But isn’t it nice to know that at the end of the day, The Nightly is here to tuck you in?…

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…

Your Weekly Update: February 6-10

Last Week in World Oil: Prices – Oil traders appear to have moved on from the OPEC production cut, despite its reported effectiveness, to focus on a strengthening US dollar, rising US crude output and Asian buyers sourcing crude from…

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 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?…

U.S. Oil & Gas Industry Improving, Parsley Energy & More!

Here’s what you need to know this week in oil and gas: Economist: U.S. oil and gas industry improving – The chief economist for the American Petroleum Institute said this week that the U.S. oil and gas industry is starting to improve after two years of…

The Nightly Surge | February 8, 2017

Just as it is intrinsically impossible to square a circle, so goes the difficulty in truly describing all the ins and outs of the important daily happenings all around the world of oil and gas. But that’s why TK and DK are here. We are the beacons of…

The Morning Surge | February 8, 2017

Guess what day it is! You know what? No. Don’t guess what day it is. I love that camel, but it’s really not funny anymore. Welcome to the middle of the week. We’re halfway through yet another seven days in 2017–a year that’s shaping up to be…

Strategic Petroleum Reserve Sales Started In January

On January 25, the US Energy Department’s Office of Fossil Energy awarded contracts for the first of several sales of crude oil from the Strategic Petroleum Reserve. The move was made possible by a Continuing Resolution enacted in…

Even If OPEC Cuts, Challenges Remain

We’ve repeated the refrain “compliance is key” over-and-over again since OPEC signed its production cut deal on November 30. The accord calls for the group’s 13 members to cut output to 32.5 M/bpd starting on January 1 and is…

The Nightly Surge | January 26, 2017

Is it Friday yet? Not yet. And calm down. Thursday is good too! #Thursdayworks. Thursday is a dear friend. Everyone loves a Thursday!… unless you work for the PDVSA in Venezuela. (more on that soon.) The sun has set in the east…

Libya Emerges As OPEC Supply Risk

Libya is emerging as a key risk to the successful implementation to OPEC’s supply cut deal, as it ramps up production from its largest oil field after two years of civil unrest. The Sharara field, located in southwest Libya, will export nearly 1.9…

Will OPEC Carry Out Its New Year’s Resolution?

New Year’s Day 2017 could in hindsight turn out to be pivotal for the global oil market. On that day, OPEC’s 13 members were to begin complying with the November 30 agreement to curb oil production in the interest of supporting oil prices…

Here’s What OPEC Sees For 2017

OPEC said in its first monthly report since its November 30 meeting that higher-than-expected demand for its oil, joined with recent agreements to reduce production, should yield a rebalancing of the oil market in the second half of 2017…