Oil's Hot Streak: More Demand, Less Supply

💰Time is money, and our goal is to help you save yours.

📰 Wake up every day to the top news stories, yesterday’s posted price Bulletins, Nymex and Henry Hub strips.

📊We may even sprinkle in some proprietary data here and there (shh)!

⛽All you need to do is be you and let us handle the rest. 

🆓For those of you who refer friends (3 to be exact), you will also receive our Premium Monthly Newsletter – free of charge.

😃If you’re a Barrel Hub subscriber, then it’s good to see you! 

🤝If not, no worries, there’s still time to fix that. 

🆒If you’re curious, click here… we love to talk about ourselves.

💸Now, on to the good stuff!

Daily Data Dump

The good, the bad, and the ugly of Texas oil production.

Best of the Best 🏆️

Every week, we sift through our proprietary data to find the best performers in Texas.

Never Quit 😢

Similarly, we find the oil producers who need a little help (i.e. call Barrel Hub).

If you’re wondering how we get this information, we’re under strict orders from the CIA not to disclose that (but if you want to know you can go here).

Daily Bulletin

Lone Star Stories

• bp's CEO Carousel: Spin & Win?

bp is in an urgent quest for its fifth CEO in 16 years, as Bernard Looney resigns abruptly over undisclosed past relationships. While bp's tradition favors long-serving internal candidates, recent leadership shake-ups might open the door for external hires, including from U.S. oil companies.

• Oil's Hot Streak: More Demand, Less Supply

Oil prices climb toward US$90 a barrel as the IEA predicts a significant market deficit in the latter half of the year, aligning with other bullish outlooks. Despite increased U.S. crude inventories, there is growing concern about continued market tightness, especially in distillates, approaching the winter months.

Reader Question of the Day

How are 3D and 4D seismic data reshaping the exploration process?

3D and 4D seismic data are like super-powered X-ray glasses for the oil industry. With 3D seismic data, companies can create detailed 3D images of what's beneath the Earth's surface. It's like having a map that shows where oil and gas might be hiding. This makes it easier to decide where to drill, reducing the chances of drilling a dry well.

Now, 4D seismic data takes it a step further. Imagine watching a movie of how oil and gas move underground over time. That's what 4D does! It shows changes in a reservoir over several years, helping companies understand how the oil and gas are behaving. With this movie-like view, they can make smarter decisions about how to extract the resources. Both 3D and 4D technologies mean better chances of finding oil and gas and doing it more efficiently.

Sources: 1