Tuesday, February 17, 2015
BAKKEN OIL TRAIN DERAILED IN ONTARIO SATURDAY NIGHT. 7 CARS CAUGHT FIRE. (Maybe that West Virginia oil train shouldn't have been moving during that snow storm Monday?) .... US crude inventory up 4.9M bls last week. 74Kb/d production increase in lower 48 .... N Dakota active rig count down to 137, lowest since July '10. Belief 130 will stabilize production. Backlog of 750 drilled wells awaiting fracking. Drillers got avg. $31/bl at wellhead in Jan .... Goldman still forecasts US shale oil production to be up 615Kb/d from end of '14 by yearend .... Yemen was producing 150Kb/d until shut down with Shiite takeover .... Boko Haram holds 14 towns in N Nigeria. May spread to oil facilities in S Nigeria, Chad .... Radical groups making trouble in Algeria .... Growing water shortage across Mideast, Pakistan .... Baghdad hasn't paid its obligations to Kurds since Nov. Parliament blamed .... Hezbollah in Syria moving closer to Golan Heights .... Attacks on oil facilities on rise in Libya. Oil pipe to export terminal blown up. Attacks on oil fields. 25K guards not enough. 200Kb/d still coming from offshore wells, terminal close to Egypt border.
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