Hollis French and Les Gara recently made much of a picture French snapped on his iPhone while “touring” the Portland Harbor. That picture was much ado about nothing. At best, the oil & gas rigs featured in French’s picture brought the number currently operating in Alaska to a grand total of six . That compares in the current week to 866 in Texas, 189 in Oklahoma, 175 in Louisiana, 161 in North Dakota, 114 in Pennsylvania, 84 in New Mexico, 67 in Colorado, 46 each in California (yes, Jerry Brown’s California) and Wyoming, 31 in Arkansas and 2o in West Virginia. Continue reading
***Global Oil & Gas***
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Fuel Fix
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Oil Price.com- StanChart Sees Higher Oil Floor as Hormuz Crisis Spreads to Saudi Export Routes
- Tanker Rates Smash $1 Million a Day as Oil Shipping Crisis Deepens
- Oil Above $100 Pushes U.S. Fuel Prices to New Records
- Inside Putin’s $135 Billion Arctic Gamble That Could Save His Ukraine War
- Shale Oil Now Makes Up 72% of Argentina's Crude Output, Data Shows
- AI Data Centers Are Driving Southeast Asia's LNG Demand Through the Roof
- Saudi Oil Crisis Is About to Hit Europe
- Continental Strikes Venezuela Oil Deal with PDVSA
- Export Constraints Curb Kazakhstan’s Ability to Offset the Global Oil Shortage
- Leaked EU Draft Would Scrap Hydrogen Mandates for EU-Wide Target
Oil Price.Net- Aramco's IPO and oil prices
- The battle for Libyan oil
- Waking into our new volatile age of oil prices
- 4 oil price predictions for 2019
- Saudi Arabia steps backwards despite high oil prices
- Iran tensions to send oil price past $150 - again
- Sanctions and oil prices
- Is Volatility in Oil Price on the Way, Again ?
- 5 Oil Price Predictions for 2018
- Stable oil prices herald sea change for Strategic Petroleum Reserve
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Law 360 Energy- CFTC Probing Carbon Credit Markets, Enforcement Chief Says
- Conn. Agency Rejects Avangrid Units' Bids For Higher Rates
- Willkie Hires Ex-Akerman Data Center Pros For Dallas Office
- DTE Faces Suit Alleging Retaliation Over Fermi 2 Safety Data
- House Clears Russia Sanctions Bill With New Tariff Powers
- NJ's Greenbaum Rowe Launches New Data Center Practice
- EPA's Policy Repeals May Spell Exit From Climate Regulation
- EU Threatens To Block MMG's $500M Nickel Mine Deal
- 10th Circ. Clears The Way To Fill Denver's Expanded Reservoir
- 1 Year And $1B Later, Trade Fraud Remains Key Priority
***DC***
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***Finance & Corporate***
Seeking Alpha Energy- TORM announces closing of 9M share secondary offering by Oaktree affiliate
- Exxon nearing deal to invest in Venezuela oil fields - WSJ
- Diamondback Energy retreats 8% as crude prices pull back
- Vitesse Energy buys Chevron-operated D-J Basin oil and gas assets in $26M deal
- Evolution Petroleum outlines $4M-$6M fiscal 2027 CapEx while maintaining $0.12 quarterly dividend
- Athabasca Oil cut at BMO as premium valuation could limit upside
- Diamondback leads broad losses in energy stocks alongside falling crude prices
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***Blogs***
RBN Energy- China Girl – U.S. LNG Returns to China, But This Time the Game Is Different
- Can’t Buy Me Love — E&Ps Favor Shareholders as Balance Sheets Strengthen
- Counterseasonal Draw Begins to Erode U.S. Propane Inventory Surplus
- VLCC Freight Rates Soar to Record High
- Wolf Midstream Announces Phase Three Expansion of its NGL North System
- Pink Pony Club – Enbridge Saddles Up for Expanded Crude Service With Pony Express Acquisition
- Ksi Lisims LNG and Santos Announce Heads Of Agreement for 1 MMtpa of LNG
- U.S. LNG Terminals Increase Toward Winter Levels
- Basket Case – With U.S. Refiners Already Running Hard, Relief on Diesel Remains Elusive
- Gas Processing Frac Spread Soars to 2.5 Year High
Forbes: Chris Helman’s Blog- An error has occurred; the feed is probably down. Try again later.
Platt’s Blog “The Barrel”- An error has occurred; the feed is probably down. Try again later.
Gail Tverberg’s Oil Blog- Affordability, Not Scarcity, Is the Real Energy Crisis
- Why Oil Shortages May Bring Lower Prices–and Recession
- China and US Trade Talks: A Solution for Oil Shortages?
- Losing the Iran War May Be the Best Outcome for the World
- A New Explanation for Tariffs and Bombings
- Understanding Deglobalization: The Role of Diesel and Jet Fuel
- 2026: Expect a very uneven world economic downturn
- Too many promises; too few future physical goods
- A lack of very cheap oil is leading to debt problems
- What has gone wrong with the economy? Can it be fixed?

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