What You Need To Know In Oil And Gas Today – 2.1.2017

Oil and Gas stories
Public domain pumpjacks

Here are the Top Dozen Oil & Gas stories for February 1, 2017, taken directly from the @GDBlackmon Twitter Feed (that’s me):


It’s a fragile balance, but so far, the deal between OPEC and Russia to limit crude oil exports is working to support a higher price for crude on the global market.  OPEC reported roughly 80% compliance with the deal from its member companies in January, which for OPEC, is a very high percentage historically.  Russia claims full compliance with its commitment to reduce its exports by 300,000 barrels of oil per day.  So far, so good, and as long as this sort of compliance keeps up, we can expect an oil price above $50.: Analysts see oil prices rising as OPEC production cut bears fruit http://www.wsj.com/articles/analysts-see-oil-prices-rising-as-opec-production-cut-bears-fruit-1485777910 via @WSJ

“Stabilized” is a relative term in the world of oil.: Crude #oil has finally stabilized—here’s what to expect next http://finance.yahoo.com/news/crude-oil-has-finally-stabilized-heres-what-to-expect-next-175400324.html?soc_src=social-sh&soc_trk=tw via @YahooFinance

Now for the skeptical view.: Why Is Everyone So Bullish On #Oil? | OilPrice.com http://oilprice.com/Energy/Energy-General/Why-Is-Everyone-So-Bullish-On-Oil.html #oilprice

Well, that’s a big deal.: #Shell to sell U.K., Thai assets for almost $5 billion https://www.wsj.com/articles/shell-to-sell-package-of-u-k-north-sea-assets-to-chrysaor-for-3-8b-1485849759 via @WSJ #oil #oilandgas #energy

#GodBlessTexas.: #Exxon Mobil plans to hike spending, drilling in Delaware Basin http://fuelfix.com/blog/2017/01/31/exxon-mobil-profits-slide-on-2-billion-impairment-charge/ #oil #oilandgas #energy

Good, if true.: Senator: Army Corps told to approve Dakota pipeline easement http://www.lmtonline.com/news/texas/article/Senator-Army-Corp-told-to-approve-Dakota-10898544.php?cmpid=twitter-tablet via @lmtnews #DAPL

Undoubtedly.: Will the API’s Crude #Oil Inventories Pressure Crude Oil Prices? http://marketrealist.com/2017/01/will-apis-crude-oil-inventories-pressure-crude-oil-prices/

Good deal.: Former Railroad Commissioner David Porter joins board of Swan #Energy http://fuelfix.com/blog/2017/01/31/former-railroad-commissioner-david-porter-joins-board-of-swan-energy/

Good lord.  It just keeps getting dumber and dumber.: Anti-Pipeline Activists Accuse Company Behind Dakota Pipeline Of Committing Genocide http://dailycaller.com/2017/01/30/anti-pipeline-activists-accuse-company-behind-dakota-pipeline-of-committing-genocide-video/ via @dailycaller

Great idea. How can we help?: Lawmaker to propose abolishing EPA http://thehill.com/policy/energy-environment/317203-lawmaker-to-propose-abolishing-epa#.WJHLm41qc0c.twitter

Uh-huh. Yeah, no.: Scientists Plan to Replace Fossil Fuels With Nuclear Fusion by 2030 https://futurism.com/scientists-plan-to-replace-fossil-fuels-with-nuclear-fusion-by-2030/ via @Futurism

A looming giant.: #India Plans #Oil Giant To Take On Global Rivals  |  Rigzone http://www.rigzone.com/news/oil_gas/a/148321/India_Plans_Oil_Giant_To_Take_On_Global_Rivals?utm_source=GLOBAL_ENG&utm_medium=SM_TW&utm_campaign=SHARE_DESKTOP via @rigzone



That’s all for today.  Come back tomorrow for another dozen Things You Need To Know In Oil And Gas.


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