Ultra Petroleum Corp
Latest Ultra Petroleum Corp News and Updates
Global Crude Oil Supply Outages Are near a 4-Month High
Global crude oil supply outages increased by 208,000 bpd (barrels per day) to 1,738,000 bpd in December 2017—compared to the previous month.
US Natural Gas Consumption Could Hit a Record in 2018 and 2019
US natural gas consumption fell 14.4% to 102.6 Bcf (billion cubic feet) per day on January 4–10, 2018, according to PointLogic.
How Will China and India Impact the Crude Oil Market in 2016?
China’s crude oil production fell to the lowest level in four years. It fell by 5.6% YoY (year-over-year) to 16.6 metric tons in April 2016.
India’s Crude Oil Demand Will Likely Drive the Crude Oil Market
The EIA reported that India produced 1 MMbpd (million barrels per day) of crude oil in 2014 and 2015. It’s expected to increase marginally in 2016 and 2017.
Will Natural Gas Prices Hit New Lows?
Cold winter weather could drive natural gas prices higher. But on the other hand, record natural gas stocks will push natural gas prices lower.