FROM THE OIL PATCH
U.S. will import 62% more crude by 2022 due to domestic production declines, says EIA
Throughout much of its history, the United States has imported more petroleum (which includes crude oil, refined petroleum products, and other liquids) than it has exported. That status changed in 2020. The U.S. Energy Information Administration’s (EIA) February 2021 Short-Term Energy Outlook (STEO) estimates that 2020 marked the first year
Largest shale driller bases rig lease costs on well performance
The biggest provider of oil and gas rigs to the U.S. shale patch is pushing a new pricing model as
Federal Leasing Ban Will Impact Western Shale Producers For Years
After the Biden administration took steps to suspend new oil and gas permits and halt lease sales on federal lands and waters,
Falling Texas crude output becomes a global oil market crisis
What began as a power issue for a handful of U.S. states is rippling into a shock for the world’s oil market. More than 4 million barrels a day of output — almost 40% of the nation’s crude production — is now offline, according to traders and executives. One of
Texas energy commissioner says grid spending placed green politics over reliability
Everything is so politicized these days that it is tough to decipher facts from opinions about what happened this week with the winter storm. It’s easy to blame ERCOT — and yes, their actions led to the blackouts in part — but the full story is much more complex. One
Higher oil revenue gives Putin room to challenge Russian discontent
Rising oil prices and a weak ruble could provide the Kremlin with as much as $33 billion in extra cash for social spending this year, giving Vladimir Putin the financial wherewithal to help head off growing public discontent. Thanks to a 21% price surge this year, Russia now receives more
CRUDE OIL WEEKLY UPDATE (Week Ending 02-26-21)
Crude Oil Summary (EIA): U.S. crude oil refinery inputs averaged 12.2 million barrels per day during the week ending February 19, 2021 which was 2.6
NATURAL GAS WEEKLY UPDATE (Week Ending 02-26-21)
In the News (EIA): Near-record cold temperatures drive near-record withdrawals from working natural gas stocks in the Lower 48 states: Working natural gas storage operators
Zekelman Industries Steel Snapshot for February 2021
(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts Feb HR Coil is $1,190, up $116 from Jan. Shortage of semi conductor chips for
Preston Pipe Report – February 2021
(by Paul Vivian and Rick Preckel, www.prestonpipe.com) Market Monitor <= 16” Diameter – An increase in the rig count forecast will generate a change in
Pipe Logix Line Pipe Report – January 2021
(by Kurt Minnich, www.pipe-logix.com) Line pipe prices jumped 8.5% in January with strong gains in ERW prices. Domestic ERW prices were up 15.9% and import
AISI – Press Release on Latest U.S. Imports of Steel Products – Feb 2021
(American Iron and Steel Institute, www.steel.org – February 4, 2021) Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the
NASPD Annual Convention
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NAPCA56th Annual Convention
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