What’s Affecting Gas Prices? (Week of Jan. 16)

What’s Affecting Gas Prices? (Week of Jan. 16)

Natural gas prices have surged forward since Jan. 13 in the biggest gain since November and Stratas Advisors expect cold weather to offer positive pressure to price activity for the week ahead.

Greg Haas, Stratas Advisors

2018_news_review_oil_gas_energy

Top Oil, Gas Stories That Shaped Industry In 2018

From oil prices to bottlenecks and ballot battles to trade uncertainty, these news stories most defined the direction of oil and gas this year.

Compliled by Len Vermillion, Hart Energy

Frac Spread: Coming Soon From The North Pole—Higher Gas Prices

Frac Spread: Coming Soon From The North Pole—Higher Gas Prices

An expected weakening of the polar vortex in late December could result in a chilly January.

Joseph Markman, Hart Energy

What’s Affecting Gas Prices? (Week of Dec. 18)

What’s Affecting Gas Prices? (Week Of Dec. 18)

Stratas Advisors anticipates a lower withdrawal from storage than average and most other analysts.

Greg Haas, Stratas Advisors

Frac Spread: Kansas Ethane, I’ve A Feeling We’re Not In Single Digits Anymore

Frac Spread: Kansas Ethane, I’ve A Feeling We’re Not In Single Digits Anymore

The ethane spread between Conway and Mont Belvieu has narrowed dramatically since the summer.

Joseph Markman, Hart Energy

The summit of Mount Fuji looms in the distance just above the Tokyo skyline and the city's busy port. Japan is a major customer for U.S. energy exports. (Source: Shutterstock/BNK Maritime)

Setting Sales: Companies That Push Out Exports

Several companies in the sector play crucial roles as the midstream grows to handle greater sales abroad.

Erin Pedigo, Hart Energy

What’s Affecting Gas Prices? (Week of Dec. 11, 2018)

What’s Affecting Gas Prices? (Week Of Dec. 11, 2018)

It’s beginning to look a lot like a tight natural market everywhere you analyze, says Stratas Advisors.

Stratas Advisors

opec_output_cuts

Analysts: OPEC Decision Good For Global Market, US Shale Producers

After oil market dropped 30% from October, the market jumped 5% with OPEC’s decision to cut oil production by 1.2 million barrels per day.

Terrance Harris, Hart Energy

opec_outputcuts_oil_russia_iran

Oil Surges 5% As OPEC Agrees To Production Cuts

Two-day marathon meeting leads to more bullish than expected oil output cuts by OPEC and its allies.

Hart Energy Staff

US Shale Oil Production To Rise To Record In February

The largest change is forecast in the Permian Basin of Texas and New Mexico, where oil production is expected to climb by 23,000 bbl/d to a record of about 3.85 million bbl/d in February.

Reuters

Tallgrass, Kinder To Lift Oil Transport Capacity From Rockies

Project would combine Pony Express with Wyoming Interstate and Cheyenne Plains.

Reuters

Iraq’s Southern Oil Exports Hold Near Record In January

Figures lead to questions of whether country is holding to OPEC quota.

Reuters

Column: Midstream’s Sea Change

I fell into the energy business midway between the two shortage-plagued oil shocks of the 1970s and I relish several high points during my career: visits to the North Sea and Prudhoe Bay; a tour of Henry Hub; time at Kenai, Alaska, within the nation’s first LNG liquefaction plant; and an itinerary around Singapore’s sprawling refinery/petrochemical industry.

Paul Hart, Hart Energy

OPEC Forecasts Fall In Crude Demand On Global Imbalance

OPEC expects demand for the cartel’s crude in 2019 at almost 1 million barrels a day (MMbbl/d) less than last year as supply is expected to outweigh demand.

Anjli Raval, Financial Times

Saudi Arabia Plans Oil Refinery, Petchem Plant In South Africa

Saudi Arabia plans to build an oil refinery and petrochemicals plant in South Africa as part of $10 billion of investments in the country, Saudi Energy Minister Khalid al-Falih said on Jan. 18 after talks with his South African counterpart.

Reuters

Frac Spread: It’s The Most Volatile Time Of The Year

Higher gas prices, narrower NGL margins and an ethane market on track for a spike decorate the outlook.

Joseph Markman, Hart Energy

Frac Spread: Prices Rise But Margins Are Squeezed

Soaring natural gas prices outpace increases in NGL; crude’s decline is linked to trader worries about an economic slowdown.

Joseph Markman, Hart Energy

Frac Spread: NGL Margins Enduring Tight Squeeze

Natural gas prices ramp up as NGL prices slide.

Joseph Markman, Hart Energy

Frac Spread: Like The Season, Expect Propane Prices To Fall

High inventories and rising natural gas prices are pressuring NGL prices and margins.

Joseph Markman, Hart Energy

Frac Spread: Oil’s Fall Drags Others Down, But Nobody’s Out

Correction was needed and crude may have landed in a place of relative stability.

Joseph Markman, Hart Energy

Frac Spread: Train Your Sights On Trade Troubles Ahead

So far, so good may not be good enough if the U.S.-China trade war stays on this track in 2019.

Joseph Markman, Hart Energy

New York’s Con Ed Imposes Moratorium On New Natgas Service In Westchester

Surge in demand has filled pipeline capacity to its limit.

Reuters

UPDATE: Death Toll Raised To 89 In Mexico Pipeline Blast; New Focus On Fuel Theft

A blast at a gasoline pipeline in Mexico that killed at least 89 people has put renewed attention on the government's strategy to stop fuel theft.

Reuters

Bad Bets On Oil, Gas Spark Wave Of Energy-Fund Closures

Heavy losses in 2018 reinforce view that energy investments are unsafe.

Reuters

Australia's Woodside Steps Up Spending For Next Leg Of Growth

Australia's Woodside Petroleum Ltd on Jan. 17 flagged higher-than-expected investment spending for 2019 as it steps up early work on the two big natural gas developments that will drive its growth in the next decade.

Reuters

FERC Investigates Rates Charged By Three Interstate Pipeline Companies

Commission also terminates nine other proceedings.

US Natgas Futures Unchanged On Warmer Forecasts

Frigid conditions still expected for the end of January.

Reuters

EPIC Reaffirms Interim Service Date For Permian Crude Pipeline

EPIC Midstream Holdings, LP on Jan. 14 reaffirmed that the EPIC Crude Oil Pipeline remains on schedule to begin interim service from Crane, Texas to Corpus Christi, Texas, during the third quarter of 2019. The project is expected to be in permanent service beginning January 2020.

Business Wire

East Daley: Midstream Outlook Favorable Despite Recent Struggles

Production growth is expected to drive midstream performance in 2019.

Frank Nieto, Contributor

Report: Texas Oil And Gas Jobs Fell By 500 In November

Oil and gas employment in the Lone Star State fell by 500 jobs in November compared to October, which the Texas Oil & Gas Association said ended a 23-month long consecutive growth.

Emily Patsy, Hart Energy

Shell Starts Production At New Petrochemicals Unit In US Gulf Coast

Shell Geismar becomes largest alpha olefins producing site in the world.

US Supreme Court Rejects Exxon Mobil In Climate Change Document Dispute

The Supreme Court's action marked the latest setback for Exxon Mobil in its efforts to halt the Massachusetts investigation and a similar one by New York's attorney general.

Reuters

Ecuador President Demands Probe Into Predecessor’s Oil Projects

Ecuador’s President Lenin Moreno on Jan. 3 asked the country’s prosecutor to probe $4.9 billion of oil-related infrastructure projects, alleging that the OPEC nation’s money was looted during the decade-long tenure of his leftist predecessor.

Reuters

Mexico Pipeline Problem Eyed In US Gulf Coast Gasoline Build

Refined products are stockpiled following closure of fuel pipelines.

Reuters

EIA: US Crude Oil Stockpiles Fall More Than Expected

On the East Coast, U.S. crude oil stockpiles fell to the lowest level since October 2014, the EIA said.

Reuters

EIA: US Crude Oil Stocks Fall Less Than Expected

Crude oil stocks at the Cushing, Okla., delivery hub for U.S. crude futures rose 330,000 barrels, the Energy Information Administration said in its weekly report.

Reuters

CorEnergy Sells Portland Terminal To Zenith Energy In $61 Million Deal

The Portland Terminal was purchased by CorEnergy in January 2014 for $42 million, with the company investing an additional $10 million for improvements in the asset.

SOCAR, BP Explore Creation Of Petrochemicals JV In Turkey

BP and SOCAR Turkey have signed a heads of agreement to evaluate the creation of a joint venture that would build and operate a world-scale petrochemicals complex in Turkey.

Hart Energy Staff

Cavalcade Midstream Makes $150 Million Partnership With Pearl, Old Ironsides, NGP

San Antonio-based newcomer is focusing on projects in the Permian Basin.

Like what you read?

Sign up to receive free Midstream Business Newsletters.