IEA is overestimating global crude supplies.
Namely, US crude oil production is being vastly overstated by ~600k b/d in Q2 2025.
IEA's oil market balance for 2025 and 2026 will look flawed as ever.
However, oil demand weakness won't push oil inventories lower.
$SOC - deep track request fellow amateur hour memboys.
I know I've seen pictures of the excavations during an EDC presentation. Anyone out there have those? Or pics from other sources?
$SOC After the FM signs off, PHMSA will then approve in concurrence which would qualify as a federal action and trigger the CZR and add another 6-12+mo before production