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.
From oil prices to bottlenecks and ballot battles to trade uncertainty, these news stories most defined the direction of oil and gas this year.
An expected weakening of the polar vortex in late December could result in a chilly January.
Stratas Advisors anticipates a lower withdrawal from storage than average and most other analysts.
The ethane spread between Conway and Mont Belvieu has narrowed dramatically since the summer.
Several companies in the sector play crucial roles as the midstream grows to handle greater sales abroad.
It’s beginning to look a lot like a tight natural market everywhere you analyze, says Stratas Advisors.
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.
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.
Project would combine Pony Express with Wyoming Interstate and Cheyenne Plains.
Figures lead to questions of whether country is holding to OPEC quota.
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.
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.
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.
Higher gas prices, narrower NGL margins and an ethane market on track for a spike decorate the outlook.
Soaring natural gas prices outpace increases in NGL; crude’s decline is linked to trader worries about an economic slowdown.
Natural gas prices ramp up as NGL prices slide.
High inventories and rising natural gas prices are pressuring NGL prices and margins.
Correction was needed and crude may have landed in a place of relative stability.
Surge in demand has filled pipeline capacity to its limit.
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.
Heavy losses in 2018 reinforce view that energy investments are unsafe.
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.
Commission also terminates nine other proceedings.
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.
Production growth is expected to drive midstream performance in 2019.
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.
Shell Geismar becomes largest alpha olefins producing site in the world.
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.
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.
Refined products are stockpiled following closure of fuel pipelines.
On the East Coast, U.S. crude oil stockpiles fell to the lowest level since October 2014, the EIA said.
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.
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.
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.