PENN WEST PETROLEUM LTD. T.PWT

Energy Oil & Gas E&P

"Penn West Petroleum, based in Calgary, Alberta, is an independent Canadian energy company focused on the exploration and production of oil and natural gas resources in Saskatchewan, Alberta, and British Columbia. At the end of 2015, the company reported proven reserves before royalties of 208 million barrels of oil equivalent. Daily production averaged 86,000 barrels of oil equivalent in 2015, at a ratio of 69% oil/31% gas."

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PENN WEST PETROLEUM LTD.

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Post by makedonkaon Apr 05, 2017 2:41pm

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Post# 26081128

Tanker Traffic Points At Much Tighter Oil Markets

" It may seem curious then that oil investors are not picking up on this fact but Vortexa, an oil tracking firm, told the FT that the record high levels of inventories in the U.S. are probably disguising tightening conditions elsewhere. That is compounded by the fact that the U.S. provides the most thorough and timely data, while data tracking is much trickier elsewhere. That results in the U.S. having an outsized impact on the market narrative.'
https://oilprice.com/Energy/Crude-Oil/Tanker-Traffic-Points-At-Much-Tighter-Oil-Markets.html

https://oilprice.com/Energy/Crude-Oil/Tanker-Traffic-Points-At-Much-Tighter-Oil-Markets.html

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