#Oil reserves

Authored by Viktor Katona via OilPrice.com, The demise of the North Sea doesn’t necessarily mean the end of Norway’s petroleum era - far from it. Still, despite significant reserves in the Barents Sea, Norway is about to embark upon a long period of structural decline as its benchmark fields inch

A little over a year ago, specialized satellite imaging company Orbital Insight which uses its proprietary imaging and algorithms to track above-ground oil storage, confirmed something we had alleged earlier in the year: that China was vastly under-representing the amount of oil it had stored in

For only the second time in the last 27 weeks (and 4th in the last 56 weeks), the number of US oil rigs fell last week (down 1 to 764 rigs). There is a growing concern that the rising rig count has now outpaced the lagged response to pricing and is due to rollover further... Notably the Canadian

Content originally published at iBankCoin.com Normally, I don't hone in on a particular talking head, unless of course said talking head is especially egregious. Enter Dennis Gartman, the self-proclaimed 'Commodity King.' In the clip below, Dennis ceded to the possibility that oil might bounce a

While the June oil production data is still pending, it is safe to say that the June oil output from US shale producers - estimated today by the EIA at 5.348mb/d - will post the first double-digit production growth since July of 2015, when oil prices tumbled and a substantial portion of US