HEADLINES: Whiting Wants Out Of Colorado As Bakken Beckons

Earning reports showing service sector had good first quarter. Higher oil prices, production growth also helping producers. 

Jessica Morales Hart Energy

whats_affecting_oil_prices

What's Affecting Oil Prices This Week (April 23, 2018)?

Given the lack of a fundamental basis and the rapid speed of the price rise, Stratas Advisors says the risk of a sharp price correction is rising.

Ashley Petersen, Stratas Advisors

Frac Spread: For Many Reasons, Prices Will Strengthen

Frac Spread: For Many Reasons, Prices Will Strengthen

Middle East tension pushes up crude oil, but the rise in price is supported by strong fundamentals.

Joseph Markman, Hart Energy

Frac Spread: That Which Does Not Sink(hole) Ethane Makes The Price Stronger

Frac Spread: That Which Does Not Sink(hole) Ethane Makes The Price Stronger

Higher demand, increased exports, shrinking inventories create super outlook for ethane.

Joseph Markman, Hart Energy

Frac Spread: Bullish Outlook For NGL, Midstream Growth

Frac Spread: Bullish Outlook For NGL, Midstream Growth

Both price and production are primed for a growth spurt, says Raymond James.

Joseph Markman, Hart Energy

Guggenheim: Natural Gas Demand Holds Own Against ‘Unstoppable’ Production

Guggenheim: Natural Gas Demand Holds Own Against ‘Unstoppable’ Production

In a recent report, analyst Subash Chandra points to ‘some surprising successes’ regarding natural gas prices and supply-and-demand fundamentals.

Susan Klann, Contributor

Frac Spread: Crackers Lift Demand For Ethane

Frac Spread: Crackers Lift Demand For Ethane

Ethane prices rise as margins widen in concert with the introduction of Cedar Bayou cracker.

Joseph Markman, Hart Energy

Oil Price Outlook: Can OPEC Stick To The Deal?

Oil Price Outlook: Can OPEC Stick To The Deal?

Strong growth in U.S. oil production will put pressure on the cartel and allies to maintain its agreed output.

Stratas Advisors

Frac Spread: Will The Hawks Take Flight?

Frac Spread: Will The Hawks Take Flight?

Pompeo’s ascension to secretary of state could signal a hardline approach to Iran and Venezuela, which could impact global oil prices.

Joseph Markman, Hart Energy

Oil Rises As Concern Heats Up Over Iran Sanctions, Venezuelan Output

Oil prices rose on April 26, supported by expectations of renewed U.S. sanctions on Iran, declining output in Venezuela and continuing strong demand.

Reuters

Kenya Picks Britain’s Wood Group For Oil Pipeline Design

Pipeline from north of country to Indian Ocean port is expected to cost $2 billion.

Reuters

EPA’s Pruitt’s Favorite Rule: Eliminate Rules

Dogged by ethics investigations, the EPA administrator will appear before two House subcommittees to defend his agency’s budget request and policies.

Joseph Markman, Hart Energy

Hess’ Biggs: Bakken Key To US Production Growth

At DUG Rockies, Hess Corp.’s vice president of onshore, Barry Biggs, told the audience the Bakken is a key driver of U.S. production growth.

Hart Energy Staff

Sinopec Plans To Extend Cuts In Saudi Crude Imports To June, July

Chinese refiner slashed May shipments by 40%, citing poor economics compared to other crude oil on the market.

Reuters

Whiting Petroleum’s Brad Holly Kicks Off DUG Rockies, Touts Bakken's Advantages

Whiting Petroleum President and CEO Brad Holly kicked off DUG Rockies by counting four reasons the Bakken is attractive.

Hart Energy Staff

Frac Spread: Steel Yourself For NGL Trade War?

Talk of tariffs unsettles mood at CERAWeek conference.

Joseph Markman, Hart Energy

Frac Spread: Propane Makes Comeback As Butanes Rally

By mid-season (summer, that is) the ethane spread will be knocked out of the park.

Joseph Markman, Hart Energy

The Word Was Optimism

Supply will rise but the key is export demand.

Joseph Markman, Hart Energy

Frac Spread: Back To The Bakken

Growth in Bakken production leads to NGL takeaway projects.

Joseph Markman, Hart Energy

Frac Spread: A Midwinter Week's Propane Price Drop

Oversupply of propane with diminished demand creates a correction.

Joseph Markman, Hart Energy

Frac Spread: Why In The World Are Prices Falling?

Weather, slumping exports stagger prices but an upswing is likely on the way soon.

Joseph Markman, Hart Energy

LNG Exports Are A Still-Developing American Story

U.S. LNG association president says few newly created industries can rival the potential economic benefits of U.S. LNG.

Terrance Harris, Hart Energy

San Mateo Midstream’s Black River Plant Starts Up

Delaware Basin facility will have an ultimate capacity of 260 MMcf/d.

Russia’s Lukoil Starts Up Uzbekistan Gas Plant For Exports To China

New $3.4 billion plant has capacity of 8 Bcm a year.

Reuters

Australia To Amend $3.9 Billion Infrastructure Fund

Change in rules reflects a bid to develop the country’s north.

Reuters

Infrastructure Overhaul Will Key Success Of Mexico Energy Reforms

Despite political uncertainty, the opportunity still remains for big gains for the early investors.

Terrance Harris, Hart Energy

Tellurian Exec: US Needs To Invest $150 Billion In Gas Infrastructure

Current infrastructure does not keep pace with rising production from shale fields, Hochstein says.

Reuters

Pennsylvania Sets Up Grant Program With ETP Mariner East 2 Fine

Fine of $12.6 million will be available for pollution and clean water projects along the pipeline corridor.

Reuters

Threatened Tariffs On US Propane, LNG Could Shake Up Markets

U.S. exporters would have to scramble to find new markets if China follows through on possible retaliation, say experts.

Joseph Markman, Hart Energy

Keyera Buys Stake in Encana Pipestone Liquids Hub

Deal frees Encana to pursue its condensate-focused growth strategy in the Montney.

Targa To Expand Processing In Delaware Basin

Targa will also extend its Grand Prix NGL pipeline into Oklahoma.

ETP Mariner East Liquids Pipe Spills More Fluid In Pennsylvania

Pennsylvania regulator must approve resumption of drilling for Mariner East 2.

Reuters

EMG, American Ethane Partner To Build Gulf Coast Export Terminal

Energy & Minerals Group will invest in American Ethane’s 480 Mbbl/d facility.

Reuters

IEF16: India, China Look To Protect Interests As Oil Consumers

The two nations plan to draw up a joint strategy for sourcing crude oil from the international market.

Tara Chand Malhotra, Contributor

Study: Good News, Bad News For Canada’s Oil Industry

While companies are finally seeing black in the financial reports again, oil and gas jobs are still lagging, a Conference Board of Canada study revealed.

Markham Hislop, Contributor

Energy Transfer Partners Announces Binding Open Season

Subsidiary of ETP solicits shippers for a diesel fuel pipeline to West Texas.

Saudi Aramco Takes First Steps In Establishing Texas Petrochemical Plant

Saudi Aramco took the first steps to integrating a petrochemicals business into the biggest oil refinery in the U.S., which is operated by its subsidiary Motiva Enterprises.

Reuters

Chevron Phillips Chemical Starts Up Texas Ethane Cracker

New unit in Baytown, Texas will be one of the largest and most-efficient crackers in the world.

Orbital Lands Sole-Source Integration Project

CUI Global subsidiary will work on project in Baytown, Texas.

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