US Northeast power sector’s 2015 oil demand down 11% from 2014: ISO NE US Northeast power generators have burned through more than 630,000 barrels of oil so far this year, or about 9,400 b/d, down about 11% from the same period in 2014, the latest ISO New England data shows. Recent bouts of frigid temperatures … Continue reading US Northeast #power sector’s 2015 #oil demand down 11% from 2014: ISO-NE
Oil-Price Plunge Hits North Dakota — Energy Journal A magnet for oil workers has lost some of its attraction in the wake of plummeting oil prices, Russell Gold reports. After the oil boom started in the Bakken Shale in North Dakota, Williston became the fastest-growing small city in the U.S. But Bakken crude has always … Continue reading #Oil – Price Plunge Hits North Dakota — Energy Journal
Refilling the pipeline OIL’S plunge may have helped consumers, but it has hurt big private-equity firms. Earlier this month Apollo Global Management announced that profits were down by 79% year on year in the three months to December 31st. This week KKR and the Carlyle Group said they were smarting too, with KKR’s profits down … Continue reading Refilling the pipeline
Citi: Don’t trust bounce; oil could dip to $20 a barrel The recent rebound in oil prices might be nothing more than a “head-fake,” and $20-a-barrel crude might still be in the cards due to an oil glut, says a Citigroup analyst. “The recent rally in crude prices looks more like a head fake than … Continue reading Citi: Don’t trust bounce; oil could dip to $20 a barrel
Grossman: On energy policy, bipartisanship overrated There is some truth to this, but what were the results of bipartisanship? With respect to energy, mostly awful. There was plenty of bipartisanship, but what did aisle-crossing cooperation give us? Read full article at Detroit News
Oil Drops Below $45; U.S. Stockpiles May Speed Collapse Oil extended losses to trade below $45 a barrel amid speculation that U.S. crude stockpiles will increase, exacerbating a global supply glut that’s driven prices to the lowest in more than 5 1/2 years. Read article on Bloomberg
For more information call 1-855-GET-INNOTAP (1-855-438-4666) or contact us by form or email us today!
