Differences worth splitting

Splitting differences provides a remorselessly unscientific perspective on a question important to oil and gas producers and comes with a possibly instructive or at least amusing analog in downstream-business history.

IEA: Excess oil inventories will persist into 2018

Assuming stable oil production from the Organization of Petroleum Exporting Countries, oil demand should outpace oil supply in this year’s second half, but excess inventories will persist into 2018, according to forecasts made by the International Energy Agency in its latest monthly Oil Market Report.

Study correlates links between Oklahoma quakes, wastewater disposal

Seismic activity grew in central Oklahoma in the 18 months leading up
to Dec. 31, 2015, but declined markedly during the following year as
the state began to regulate oil and gas wastewater disposal more
aggressively, the US Department of Energy’s Fossil Energy Office (FEO) reported. Decreased oil and gas production in response to falling prices also played a part, it added.