Dan Doyle
@DanDoyleOil
Owner of Reliance Well Services (hydraulic fracing) and Arena Resources (oil and gas production)
Global onshore crude inventories drawing strongly to begin the summer as demand from refiners + consumers stays resilient! Further US trade deals + 🇺🇸 rigs dropping + weaker USD spurring global demand = oil supply/demand fundamentals look solid despite OPEC+ supply adds. 🛢💰
U.S. Republican Senator Lindsey Graham said during an interview today with CBS News that people should “stay tuned” for tomorrow’s announcement from President Trump regarding Russia, with him adding, “The game, regarding Putin's invasion of Russia, is about to change. I expect,…
The cumulative effect of cyclical underinvestment for years eventually yields a period of scarcity and much higher prices: x.com/BisonInterests…
Over the longer term, the industry has underinvested in oil and gas exploration and development. Low prices and investor pressure to prioritize returns over growth have led to a structural decline in spending.
"What’s coming isn’t a demand shock—it’s a confidence crisis in global spare capacity ... That’s when (oil) prices go vertical, and there’s nothing anyone can do."
Significant Red Sea developments where two commercial vessels were attacked by the Houthis. Magic Seas: The bulk carrier was attacked and then sank. Crew rescued. Eternity C: Attacked with sea drones and RPGs. At least four crew members killed. Many are still missing.
Kuwait Petroleum Corp., Kuwait’s state oil company, said #OPEC+'s latest super-sized supply hike and recent interactions with customers suggest persistent demand growth beyond the summer driving season. #KuwaitPetroleum #oildemand Read more: ow.ly/8V3i50WnqWM
Two crew hurt, two missing in attack on ship off Yemen; Houthis say they sunk Greek carrier reuters.com/world/europe/c…
