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. > Saudi Arabia to slash oil exports to the U.S.

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Comment by orlandoflon Jun 13, 2017 4:09pm

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Post# 26358272

RE:Saudi Arabia to slash oil exports to the U.S.

makedonka wrote: "Saudi Arabia is slashing its U.S. oil exports to a near three-decade low for this time of the year, intensifying its efforts to reduce a global supply glut that has been pummeling crude prices.
The state-owned Saudi Arabian Oil Co. expects its sales to the U.S. will drop below one million barrels a day in June, then slide to about 850,000 barrels a day in July, according to people familiar with the matter. The July figure would be the its lowest export total to the U.S. for that month since 1988, based on figures from the U.S. Energy Information Administration.

Saudi Aramco expects its August exports to decline by another 100,000 barrels a day, these people said, which would be the lowest export amount for that month since 2009."

https://www.marketwatch.com/story/saudi-arabia-to-slash-oil-exports-to-the-us-2017-06-13

how about importing from the US over 1m a day net - that would help

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