Tag: glut

Surge in oil hedging could worsen US supply glut

Surge in oil hedging could worsen US supply glut

$55USD/b for 2018 needed to “organically fund” significant tight-oil production growth Those hoping that recent oil-price weakness will prompt US producers to pull back drilling activity and ease the glut of oil supply may need to keep waiting. Wood Mackenzie’s latest analysis of oil and gas hedging activity shows a recent surge in oil hedges. “Recent […]

Crude oil production drop slows growth in oilfield process chemicals market – study

Crude oil production drop slows growth in oilfield process chemicals market – study

Demand for more effective chemicals will increase during forecast period as companies meet the challenges of more extreme conditions, such as deep offshore deposits The market for oilfield process chemicals, which support the exploration and processing of crude oil and natural gas in the field,  is slowing as oil and gas companies refocus toward increasing operating […]

By September 21, 2016 0 Comments Read More →