Is it any wonder that gas prices have rocketed as wintry weather blankets consumers as early as the second week of November?
Correction was needed and crude may have landed in a place of relative stability.
An abundance of supply and a superior refining sector have positioned the U.S. well in the global energy trade. But threats to export success, both foreign and domestic, loom.
As U.S. midstream companies look to build infrastructure to deal with growing global demand, there will be a need to lure non-traditional investors to the table.
Vaquero Midstream’s Brian Best explained the risks midstream faces as producers increase output. Analysts call for sector stability to bring back capital.
So far, so good may not be good enough if the U.S.-China trade war stays on this track in 2019.
Stratas Advisors analysts believe the final outcome of investigations into Jamal Khashoggi’s disappearance will be limited, targeted U.S. sanctions that will leave crude oil flows unscathed.
The industry will have an even lower than expected ceiling on the level of working gas storage at the start of the heating season.
In its monthly report, the IEA cut its forecast for non-OECD demand growth, the engine of expansion in world oil consumption.
The total oil production from the seven major shale basins in the U.S. was expected to rise 113,000 bbl/d, driven largely by increases in the Permian Basin, the EIA said.
The IEA’s central scenario is for demand to grow by about 1 million barrels per day (MMbbl/d) on average every year to 2025, before settling at a steadier rate of 250,000 bbl/d to 2040 when it will peak at 106.3 MMbbl/d.
Worried by a drop in oil prices and rising supplies, OPEC is talking again of reducing production just months after increasing it despite urges by U.S. President Donald Trump not to cut supply.
Big Oil is today in a spending sweet spot as years of cost cuts and rising oil prices converge but investments will need to rise after 2020 to boost output, said asset manager BlackRock.
U.S. inventories are well below levels of previous years, and an El Niño weather pattern could wreak havoc in early 2019.
The president takes on OPEC at the U.N. over the high cost of crude, but markets may ultimately set the terms.
Best ethane price since 2012, best ‘barrel’ in four years invokes nostalgia.
Mont Belvieu ethane is up 110% for the year and surpasses 44 cents per gallon for the first time since 2012.
Resumption of dramatic price trends underscores the import of exports.
Balances are tight, even considering the impact of Harvey in 2017, which could support higher prices into the fall.
The Paris-based IEA said in its World Energy Outlook 2018 that energy demand would grow by more than a quarter between 2017 and 2040 assuming more efficient use of energy but would rise by twice that much without such improvements.
China has overtaken Japan to become the world's top importer of natural gas, as Beijing's crackdown on pollution boosts its demand for the more environmentally friendly fuel, while the restart of nuclear reactors in Japan reduces its LNG imports.
U.S. pipeline company Energy Transfer said federal energy regulators approved the company's request to put the last two segments of its $4.2 billion Rover natural gas pipeline into service.
As U.S. oil production rises - setting records in average daily output nearly every month this year - the companies that convert crude to diesel and gasoline are increasing their ability to consume more crude and generate higher profits.
Chesapeake Energy and Encana made headlines this week with multibillion-dollar acquisitions. Also, crude oil and natural gas production hit new records and the industry is watching initiatives on the ballot in Colorado and Washington state next week.
Remember this when going public: It’s a clean slate and what transpired as a private company no longer matters.
Enterprise Products Partners LP said on Oct. 31 it could convert one of its NGL pipelines to crude oil out of the Permian basin as early as the second quarter of 2019, ahead of an earlier timeline of 2020.
Diversified Gas & Oil, known as DGO, said it acquired Core Appalachia Holding, a conventional producer and processor of natural gas in the southern Appalachian Basin.
EPIC’s purchase will also include a pipeline for the Robstown facility to receive NGL from various pipelines that allow the delivery of fractionated products to several Corpus Christi-area markets
China has choked back on imports of liquefied petroleum gas (LPG) from the United States, traders and analysts said on Oct. 9, turning to the Middle East for extra supplies amid the two countries’ trade dispute.
French oil and gas major Total has made a final investment decision to expand its Texas Bayport Polymers joint venture to double polyethylene production capacity to around 1.1 million tonnes a year (mtpy), the company said on Sept. 25.
According to Petral Consulting’s Dan Lippe, market cycles for U.S. crude, liquids and gas will change in the coming years as the country becomes more involved in global markets.
Saudi Arabia brushed off an outcry over the killing of journalist Jamal Khashoggi and went ahead on Oct 23 with an investment conference boycotted by Western political figures, leading international bankers and company executives.
Mexico's incoming government will soon inherit a costly dilemma over an ethane supply contract between national oil company Pemex and a consortium led by a unit of Brazilian builder Odebrecht.
The build in U.S. crude stocks fed recent selling in the oil market, which has also been happening in tandem with a broader sell-off across global equity and bond markets.
Oil demand for transport is expected to slow by 2050 due to the rise of electric vehicles and more-efficient combustion engines, but that would be offset by rising demand for petrochemicals, an IEA said in a report.
The tightening Asian market and expected sanctions against Iran dovetail with an abundance of U.S. supply.