High on Oil

Oil Advances From One-Week Low on Chinese Manufacturing Outlook at BloombergOil-Price Surge Is All About Iran from the WSJ.

Blackrock:  US Shale Boom:  A Case of (Temporary) Indigestion at Scribd.

Eagle Ford crude pricing:  RBN Energy.  Natural gas liquids hit dry patch as prices sink at Fuel Fix.

Emerging market demand is higher; developed world demand shrinks.  “US oil demand in June declined by 3% from a year earlier, according to the latest monthly statistical report from the American Petroleum Institute. During this year’s first 6 months, demand fell by 2.6%.”  Oil and Gas Journal

The last nine months has seen a steady rig count, with the gas rig count dropping while the oil rig count has risen.  Oil and Gas Journal

“If you thought 2008 was a heyday for deepwater drilling, you ain’t seen nothin’ yet.”  Platts

Slowly but surely the anti-fracking fear mongering zealots are being put to bed by reputable mainstream publications.  Newsday  Russia’s Gazprom continues to talk their interests regarding the shale gas boom at Platts.

Is Saudi Arabia succumbing to the resource curse?  Financial Post  Iraq’s Oil Exports To Fall For A 3rd Month In July at MEES.