---
title: "Oil & Gas Catch-Up"
url: https://independentstockanalysis.com/oil-gas-catch-up/
description: "Oil Rises as European Leaders Prep for Debt Talks at Bloomberg . The last headline I expected to see upon returning from holiday : U.S., U.K. to Call for…"
published: 2012-08-20
updated: 2012-08-20
---

# Oil & Gas Catch-Up

Published 2012-08-20

Posted on

by

J.J. Butler

Oil Rises as European Leaders Prep for Debt Talks at [Bloomberg](http://www.bloomberg.com/news/2012-08-20/oil-rises-a-fifth-day-as-european-leaders-prepare-for-debt-talks.html).

The last headline I expected to see upon returning from *holiday*: U.S., U.K. to Call for Strategic Petroleum Reserve Release? [Iacono Research](http://iaconoresearch.com/2012/08/17/u-s-u-k-call-for-strategic-petroleum-reserve-release/). Dennis Gartman: Tapping SPR Could Drive Oil to New Highs on [CNBC](http://www.cnbc.com/id/48704495).

IEA sees oil market as ‘sufficiently supplied’ in the [Oil & Gas Journal](http://www.ogj.com/articles/2012/08/iea-sees-oil-market-as-sufficiently-supplied.html). “US oil demand in July contracted by 2.7% from a year earlier…” also in the [OGJ](http://www.ogj.com/articles/2012/08/api-us-oil-demand-weakened-in-july.html).

Brent and WTI Crude Oil Prices on the Rise at [Bespoke](http://www.bespokeinvest.com/thinkbig/2012/8/15/brent-and-wti-crude-oil-prices-on-the-rise.html). “Crude oil inventories dropped for the third week in a row last week…” [Bespoke](http://www.bespokeinvest.com/thinkbig/2012/8/15/energy-inventories-drop-for-third-straight-week.html).

North Dakota crude oil production continues to rise at the [EIA](http://www.eia.gov/todayinenergy/detail.cfm?id=7550).

Oil sands producers could feel squeeze in crowded market at [Financial Post](http://business.financialpost.com/2012/08/16/oil-sands-producers-could-feel-squeeze-in-crowded-market/).

The rig count was down last week: [Haynesville Play](http://www.haynesvilleplay.com/2012/08/us-rig-count-17-to-1914.html).

Crude Oil and NGL Surpluses at [RBN Energy](http://www.rbnenergy.com/rocky-mountain-high-crude-oil-and-ngl-surpluses-coga).

Exxon, Qatar Petroleum JV looks to export U.S. natural gas at [Reuters](http://www.reuters.com/article/2012/08/18/goldenpass-export-idUSL4E8JI03D20120818).

“…we would expect natural gas prices will still need to remain range bound between $2.50 and $3.25/Mcf to balance the gas equation through November.” [Raymond James](http://www.raymondjames.com/Branches/c2c/7ho/Whittakercooper/resource.asp?page=energy_stat.htm). You can be sure these thoughts on fuel switching we be a part of my afternoon coal post.