Analysts Forecast Most Constructive Oil Market In Years

Analysts Forecast Most Constructive Oil Market In Years

Commodity strategy analysts with RBC Capital Markets outline the factors behind their new ‘structurally bullish’ oil market outlook.

 

Susan Klann, Contributor

Frac Spread: Ethane’s 521% Increase Is Anything But Marginal

Frac Spread: Ethane’s 521% Increase Is Anything But Marginal

Promising outlook for ethane’s growth could be threatened by trade troubles with China.

Joseph Markman, Hart Energy

Clay Gaspar_WPX Energy_Permian_Wiliston_Infrastructure

Executive Interview: WPX Energy’s Clay Gaspar Talks Focus, Success In Permian

Gaspar talks rig count, infrastructure and growth in both the Williston and Permian basins, as well as where he thinks the focus should be in order to move forward.

Jessica Morales Hart Energy

Frac Spread: Train Your Sights On The Price Differential

Frac Spread: Train Your Sights On The Price Differential

Propane is moving by rail from Appalachia because of pipeline constraints but fractionation constraints are a bigger issue.

Joseph Markman, Hart Energy

california_natural_gas_prices_renewables

California Natural Gas Prices Face Headwinds

Given California’s renewable mandates, analysts expect continued pressure on natural gas prices.

Ellen Chang, Contributor

GE_Baker Hughes_Chevron_ExxonMobil_OPEC_Nord Stream 2

HEADLINES: GE's Divestiture Might Be Good For Baker Hughes

Also this week, U.S. and Russia energy leaders talked Nord Stream 2 at the World Gas Conference, while Chevron and Exxon Mobil CEOs expressed trade conflict concerns.

Jessica Morales, Hart Energy

Frac Spread: This Bears Watching—Bulls On The Run

Frac Spread: This Bears Watching—Bulls On The Run

Geopolitical events and increased U.S. exports are starting to put upward pressure on crude oil.

Joseph Markman, Hart Energy

OPEC_DrillingInfo_Genstar Capital_China_Tariffs

Headlines: OPEC Considers Output; US Shale Producers Talk Tariffs

Also this week, Drillinginfo Co-founder Allen Gilmer discusses the company's bevy of recent deals.

Jessica Morales

Stratas Advisors: OPEC Meeting Preview

Stratas Advisors: OPEC Meeting Preview

Saudi Arabia and Russia have both been lobbying for a change to the production deal, but few nations have come out in favor of an increase.

Ashley Petersen, Stratas Advisors

Kinder Morgan Canada Profit Drops On Lower Crude Shipments

Trans Mountain pipeline troubles hamper earnings.

Reuters

Midstream Connect: Outlook For Midstream In Texas

Midstream’s outlook in the energy-friendly state is positive but not without challenges.

Jessica Morales and Joseph Markman, Hart Energy

US Crude Stocks Up As Oil Production Hits New Record

The EIA said U.S. crude oil production hit 11 million bbl/d for the first time in the nation's history last week, which would put the country just behind Russia as the world's largest producer of crude oil.

Reuters

Libya's NOC Declares Force Majeure On Zawiya Exports As Sharara Output Drops

Libya’s National Oil Corporation (NOC) said on July 17 it had declared force majeure on exports from Zawiya oil terminal as production at Sharara oilfield dropped to 125,000 barrels per day (bbl/d).

Reuters

Intercontinental Exchange To Launch Houston Oil Contract

Houston has become the pricing center for U.S. crude oil production and exports, and the new contract is designed to serve hedging and trading opportunities in that market.

Reuters

Enterprise To Develop Offshore Texas Crude Oil Export Terminal

New terminal will be able to load VLCCs with capacity of 2 million barrels.

Thirst Quencher: After Dry Run, NGL Returns To Strength

As new infrastructure increases demand, liquids production has doubled so far this decade.

Frank Nieto, Contributor

Frac Spread: Ethane Stars In 30-Somethings Reboot

Ethane clears 30-cent hurdle for the first time in over four years but rest of NGL remain static.

Joseph Markman, Hart Energy

Frac Spread: 2018’s Been More Than Fair To Midland

January-to-May comparison with 2017 shows healthy growth in prices and margins.

Joseph Markman, Hart Energy

Frac Spread: Isobutane Jumps As High As LeBron

Hypothetical ‘barrel’ sets another high for the year but most NGL prices scuffle.

Joseph Markman, Hart Energy

Frac Spread: NGL ‘Barrel’ Rallies To 43-Month High

Isobutane led the charge with an 18% hike, but ethane continued to struggle.

Joseph Markman, Hart Energy

Frac Spread: Ethane Starts To Feel The Strain

Conway’s price crashes while Mont Belvieu’s outlook looks shaky with few export options.

Joseph Markman, Hart Energy

FERC Denies Rehearing For Pennsylvania-New York Constitution Natgas Pipe

Williams had asked FERC for more time to complete the project, which it has not started, because the DEC denied the company’s request for water quality certification.

Reuters

US LNG Exports To China Decline As Trade War Escalates

Chinese official cites seasonal market as one reason for decline.

Reuters

Atlantic Sunrise Expected To Commence Full Service In Second Half Of August

Williams Partners LP said that construction is nearing completion on the Atlantic Sunrise pipeline project.

Business Wire

How Russian Gas Became Europe’s Most Divisive Commodity

The Nord Stream 2 pipeline will transport Russian gas to Germany but critics warn of political tensions.

Tobias Buck, Financial Times

Blue Mountain Midstream Commissions Chisholm Trail III Cryogenic Gas Plant In Oklahoma

The system is supported by a dedicated acreage position of more than 80,000 net acres under long-term contracts with natural gas producers in central Oklahoma.

Q&A: Pierre Bechelany Guides Fluor’s Pipeline, LNG Growth

Global growth in natural gas presents multiple opportunities for Fluor to build on.

Joseph Markman, Hart Energy

ETP Mariner Liquids Pipe Racks Up More Pennsylvania Violations

It was the 65th notice of violation the Pennsylvania Department of Environmental Protection (DEP) issued the project since construction began in February 2017.

Reuters

Executive Interview: East Daley’s Justin Carlson Assesses Marcellus Gas Market

Carlson explains why he hopes the industry doesn’t see production growth and infrastructure development balance out anytime soon.

Jessica Morales Hart Energy

Market Affirmations

NGL prices have been strong, but traders are less optimistic about ethane.

Joseph Markman, Hart Energy

EIA: US Crude Output Falls In April From Record High

However, crude oil production in Texas, the largest producing state in the U.S., rose 30,000 bbl/d to 4.22 million bbl/d in April, a record high based on EIA data going back to 2005.

Reuters

France's Total Sees Natural Gas Demand Far Outpacing Oil

Pouyanne said Total is investing in the entire natural gas chain from production to liquefaction for overseas shipping, to sale as a fuel for power, petrochemicals and transport.

Reuters

SemGroup, DCP Midstream Extend Open Season For NGL Pipeline Connecting DJ Basin To Mont Belvieu

Open Season began May 24, 2018, and will now conclude at 5 p.m. CT on July 2, 2018.

France's Total Plans Growth Along US Gulf Coast In Petrochemicals

Christophe Gerondeau, country chairman for Total in the U.S., described the company's petrochemical plans at a ground-breaking ceremony for a new ethane cracker in Port Arthur, Texas.

Reuters

NGL Energy Partners Sells Remaining Retail Propane Business

Superior Plus buys assets for $900 million.

Enterprise, Navigator Announce Location Of Ethylene Export Terminal

Construction underway at Morgan’s Point facility on Houston Ship Channel.

EIA: US Crude, Refined Product Stockpiles Drop Sharply

After the data, prices rose across the energy complex before giving back gains. Still, oil was higher in the wake of Trump's decision to withdraw from the Iran nuclear deal.

Reuters

Caliche Lands Major Customer For Ethylene Storage Cavern

Asset in the Texas Golden Triangle fills need, says company.

SABIC, ExxonMobil Create New JV To Advance Gulf Coast Project

SABIC and ExxonMobil said May 2 that they have created a new joint venture to advance development of the Gulf Coast Growth Ventures project, a 1.8 million tonne ethane cracker currently planned for construction in San Patricio County, Texas.

Business Wires

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