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We recently updated our energy thesis in a Q2 2019 update letter, which our readers can find here . One of the key points we shared in the letter was what happens in the next few months will be critical for determining how the market unfolds in H2 2019. In order for oil prices to recover ma...
By Dennis Coyne US tight oil legacy decline can be estimated by assuming no future tight oil completions in the various US tight oil basins. The charts below illustrate such an estimate for the Permian, North Dakota Bakken/Three Forks, Eagle Ford, Niobrara, and other tight oil basins (not ...
Not long ago, a rise in tensions in the Middle East would send oil prices swiftly higher, even if no oil supply disruption occurred. Recently, tanker incidents have provided little spark to prices and have actually provided shorting opportunities. Many articles written about Iran and Mid-Eas...
1) US Crude Inv falls 10.8mil BBL. ~500,000BBL below the 5yr mov avg. 2) Refining inputs remain seasonally low by ~1,000,000BBL/Day. 3) Gasoline Inv fall by 226,000BBL Exxon's (XOM) Baytown ~600,000 BBL/Day refinery restart does not appear to have been added to refinery inputs as yet. Cu...
Petroleo Brasileiro SA ( PBR ) is a Brazilian oil, natural gas, and energy company that is involved in prospecting, drilling, refining, processing, trading, and transporting crude oil from off and onshore oil fields and shale producing areas. The gas and power segment of the company is involve...
Introduction The shale growth story has been a very seductive dialogue the past 15 or so years. Who can argue with a chart like this? EIA You really can't. The proof is in the pudding as shale goes, and shale heretics have been made to sit in the corner with a pointy cap on their head...
Note : This report was first published to HFI Research subscribers on June 30th, 2019. For more exclusive reports like this, see here for more info . In a discussion this week we had with Open Square Capital's Nelson Wu, we pointed out that our scenario for ~380 mbbls by year-end for US ...
We’ve recently stepped away from our weekly review in order to finalize our Q2 2019 letter, which our readers can find here . Now back to the weekly reviews. Continuing our weekly series, Open Insights, we’ll take a look at the EIA’s Weekly Petroleum Status Report (...
Crude futures climbed another 1% overnight to $56.31/bbl after oil spiked late Friday on news that Iran had seized a British oil tanker in the Strait of Hormuz. More news on: The United States Oil ETF, LP, iPath S&P Crude Oil Total Return Index ETN, VelocityShares 3X Long Crude ETN, ...
This May 5, 2019, photo issued by Karatzas Images showing the British oil tanker Stena Impero at unknown location, which is believed to have been captured by Iran. ((AP)) China's economy slowed to the weakest pace since quarterly data began in 1992 amid the ongoing trade standoff with the...
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WALNUT CREEK, Calif. , Nov. 20, 2019 /PRNewswire/ -- United States Commodity Funds LLC (the "Company"), a sponsor of exchange-traded products, plans to close and liquidate two of its exchange-traded products. On November 20, 2019 , the Board of Directors of the Company authori...
WALNUT CREEK, Calif. , Sept. 23, 2019 /PRNewswire/ -- USCF announced today that it will execute a one-for-two reverse share split that will be effective for shareholders of the United States 3x Short Oil Fund (USOD), a series of the USCF Funds Trust, after the close of the markets ...
WALNUT CREEK, Calif. , Aug. 6, 2019 /PRNewswire/ -- USCF today announced that it has joined the Raymond James IAD ETF No-Transaction-Fee (NTF) platform providing access to all thirteen of their exchange-traded funds and products. "We are excited to expand our suite of fun...