Title : The Energy And Market Page, T+180; Part II -- July 19, 2017
link : The Energy And Market Page, T+180; Part II -- July 19, 2017
The Energy And Market Page, T+180; Part II -- July 19, 2017
Saudi's new city: if it has a name, I missed it. It will be an industrial city between Dammam and Ahsa, at the heart of energy operations, apparently close to Abqaiq, which is in the middle of Dammam and Ahsa. "Pat, I'd like to buy a 'q'."US weekly energy data to be released today. Forecast:
- US shale production is forecast to rise for the eighth consecutive month
- forecast to climb 112,000 bopd to 5.585 million bopd in August (previously blogged)
- Permian: to produce 2.535 million bopd, up 64,000 bopd
- Eagle Ford: to produce 1.387 million bopd, up 27,000 bopd and the most since February, 2016
- Bakken: to produce 1.043 million bopd, up 3,500 and the most since November, 2016
- US natural gas production is projected to increase to a record 52.9 billion cubic feet per day in August (wasn't it just a day or two ago when we were told US natural gas would not hit a record this year? Whatever)
- projected gas output would increase in all of the big shale basins in August, with the biggest increase from gas in the Marcellus formation
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