Worth putting on the geopolitical risk factor radar screen? Will US hawks elevate Iran risk if these reports/rumors are correct that Iran's ‘Khorramshahr-5’ might be poised to become Iran’s first intercontinental ballistic missile? #oott presstv.ir/Detail/2025/07…

Negative hitting summer AECO #NatGas prices, LNG Canada reported operating at <half of Train 1 capacity of ~1 bcf/d. "Shell-led LNG Canada experiencing technical problems as it ramps up production at its liquefied natural gas plant at Kitimat, with one LNG tanker diverting away

Reminder why the US has no choice but to import 🇨🇦 oil in the Midwest. See my 👇11/11/24 post after the Trump election reminding Yes most Cdn oil has nowhere else to go but US Midwest BUT US Midwest refineries have no real way to replace Cdn medium/heavy #Oil. #oott

Tariffs have a negative permanent impact on Cdn economy unless removed says BoC Macklem. "..unfortunately the sad reality is tariffs mean the economy is going to work less efficiently. It means there is going to be less income. So there is going to be less consumption. so yes

Fracking in the Permian Basin is throttling back faster than expected amid tariff uncertainty and OPEC+ production hikes, according to one of the biggest pressure pumpers in North America’s most-prolific oil region. There are now about 70 hydraulic fracturing crews working in

"We are going to make sure that a tariff problem does not become an inflation problem" Macklem. "... We take them based on our judgement as to the interest rate setting that will fulfill our mandate. And I think, I would underline that in the experience of the last few years

Worth a read. "Trump’s new Venezuela oil waiver raises more questions than answers" Thx Elias Ferrer bne IntelliNews for posting. #oott

Here are the ProPetro Q2 comments re below. "the completions market in the Permian Basin, continue to face challenges. We believe Permian frac fleet counts are likely approaching 70, compared to approximately 90 to 100 fleets operating at the start of the year. Increased

US #Oil imports from Brazil are almost all to West Coast PADD 5. See my 👇07/26 post. Energy companies operating in Brazil suspended oil shipments to the US after Trump announced 50% tariffs against Brazil, Roberto Ardenghy, president of oil lobby group IBP, told Reuters on Wed.

LNG on water up this week and still above normal levels. Seasonality graph notes there is normally a seasonal decline in LNG tankers on water in Aug. LNG on water >20 days +2 WoW to 46 on 07/28/25, vs 44 on 07/21/25 vs 50 on 07/21/24 & 33 on 07/21/23. LNG on water >30 days +2

China #LNG imports up big, +5.08 bcf/d WoW for July 27 week. But China LNG imports still down -1.99 bcf/d YoY for YTD July 27 . My 👇07/14 post. Key reason for lower YoY LNG imports is China domestic #NatGas production is up YoY as more production = less LNG imports. See

One for fellow earthquake nerds - over 1,000 small earthquakes around Mount Rainier in July. Had breakfast with a Vancouver friend who mentioned the earthquake swarm hitting Mount Rainier in July. Below USGS Earthquakes report notes "currently, there is no indication that the

Oil Pipeline 101. Drag Reducing Agents = less friction on oil in pipelines = more oil volume can flow thru a pipeline. See 👇06/11 post. "Trans Mountain pipeline could handle an additional 75,000 barrels of crude a day by a early 2027.... Chemicals that make crude flow more

ICYMI Precision Drilling's industry outlook for rigs. Cdn #Oil #NatGas rigs continue to have strong outlook driven by Trans Mountain and LNG Canada. US #Oil rigs continue to decline US #NatGas rigs increasing with LNG and AI. #oott

Looks like still a long long way to go before Ford's EVs get to a positive EBIT margin. Good thing EVs are still a very small 4.7% of revenues so they don't drag down EBIT too much. #oott

Porsche Q2 today. Increasing long term demand forecast for ICE/PHEV. Decreasing long term demand for BEV. Reminds gasoline consumption decline will be slower than Net Zero aspirations. #oott

Stable Libya #Oil #Condensate #NatGas production. Oil: 1.399 mmb/d. was just over 1.4 mmb/d in Feb. Condensate: 0.053 mmb/d Natural Gas 2.554 bcf/d #oott