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“America’s most prolific oil field is running out of the workers, cash and equipment needed to produce more oil. In the Permian Basin, the sprawling oil-rich region in West Texas and southeastern New Mexico, drillers are facing long delays and steep competition for everything from roughnecks to steel to fracking pumps. The region is the only place where U.S. crude production is expected to grow significantly this year, and the Biden administration is hoping production there can help alleviate high prices at the pump. But mounting supply-chain crunches are putting a ceiling on how much more frackers can produce there…” April 28 – Wall Street Journal (Collin Eaton):
Oil prices have been reacting to product shortages and the headlines around the EU phasing out Russian oil by year end. The EIA reported distillates s
[See the full post at: Around The Barrel – US Crude Oil Builds as Gasoline and Distillate Draw Again]
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