Study: the Three Forks reservoir may hold some 250 million barrels of untapped crude. Study: developing these reserves would require the drilling of 600 more wells in the Three Forks play. U.S. shale can still surprise with undiscovered resources, even as more and more reports emerge suggesting that prime acreage in the shale patch is …
Continue reading “Just discovered in Texas 250 million barrels of untapped crude.”
We find ourselves in an exciting and pivotal time. We are at the advent of the reliable quantum computing era. This past November, Microsoft successfully created and entangled 24 logical qubits in collaboration with Atom Computing. As our industry looks toward the next 12 months, the pace of quantum research and development is only going to accelerate, making this a …
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Standard Chartered Bank Crude oil’s strong start to the year was reinforced on January 10 with the announcement of the latest, and most extensive yet, round of U.S. sanctions on Russia. Commodities research head Paul Horsnell, said in a report this week, that the new restrictions “roughly triple the number of directly sanctioned Russian …
The Israeli government announced Thursday morning it had postponed its cabinet meeting, stating it would not convene until mediators confirm Hamas has agreed to all terms of a proposed hostage release deal. The meeting was expected to formally approve the deal between the parties. In a statement, the Prime Minister’s Office accused Hamas of backing …
THIS IS AN URGENT WARNING TO ALL BITCOIN OWNERS: Q-DAY IS COMING…THE DAY WHEN QUANTUM COMPUTERS WILL STEAL ALL YOUR BITCOIN…UNLESS YOU ACT FAST! Microsoft 2025: The year to become Quantum-Ready “We find ourselves in an exciting and pivotal time. We are at the advent of the reliable quantum computing era. And we are right on …
An agreement involving the exchange of hostages and a ceasefire between Hamas and the Israeli Defense Forces in the Gaza Strip has been reached, Axios reporter Barak Ravid announced on Wednesday, citing a US official. The agreement outlines an initial six-week period of ceasefire, during which Israeli troops will begin a phased retreat to the …
Crude oil prices moved higher today, after the U.S. Energy Information Administration reported an inventory dip of 2 million barrels for the second week of the year. The change estimated by the EIA compared with a modest draw of around 1 million barrels for the previous week, which also saw sizable builds in fuel inventories that …
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Summary of Weekly Petroleum Data for the week ending January 10, 2025 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 2.0 million barrels from the previous week. At 412.7 million barrels, U.S. crude oil inventories are about 6% below the five year average for this time of year. U.S. …
After midnight ‘breakthrough’ officials say deal closer than ever Biden says sides on the “brink” of a deal Trump envoy Witkoff attends talks, official says Trump inauguration seen in region as de facto deadline DOHA/CAIRO, Jan 13 (Reuters) – Mediators gave Israel and Hamas a final draft of a deal on Monday to end the war …
Pete Hegseth, the defense secretary nominee, declared on Tuesday his support for Israel in “destroying” and “killing” every last member of Hamas. Addressing disruptions during his Senate confirmation hearing, where protesters accused him of being a Zionist, the defense secretary nominee stressed his support for Israel’s “existential defense” and Washington’s commitment to safeguarding it. “We …
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