Commodity strategy analysts with RBC Capital Markets outline the factors behind their new ‘structurally bullish’ oil market outlook.
Promising outlook for ethane’s growth could be threatened by trade troubles with China.
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.
Propane is moving by rail from Appalachia because of pipeline constraints but fractionation constraints are a bigger issue.
Given California’s renewable mandates, analysts expect continued pressure on natural gas prices.
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.
Geopolitical events and increased U.S. exports are starting to put upward pressure on crude oil.
Also this week, Drillinginfo Co-founder Allen Gilmer discusses the company's bevy of recent deals.
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.
Trans Mountain pipeline troubles hamper earnings.
Midstream’s outlook in the energy-friendly state is positive but not without challenges.
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.
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).
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.
As new infrastructure increases demand, liquids production has doubled so far this decade.
Ethane clears 30-cent hurdle for the first time in over four years but rest of NGL remain static.
January-to-May comparison with 2017 shows healthy growth in prices and margins.
Hypothetical ‘barrel’ sets another high for the year but most NGL prices scuffle.
Isobutane led the charge with an 18% hike, but ethane continued to struggle.
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.
Chinese official cites seasonal market as one reason for decline.
Williams Partners LP said that construction is nearing completion on the Atlantic Sunrise pipeline project.
The Nord Stream 2 pipeline will transport Russian gas to Germany but critics warn of political tensions.
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.
It was the 65th notice of violation the Pennsylvania Department of Environmental Protection (DEP) issued the project since construction began in February 2017.
Carlson explains why he hopes the industry doesn’t see production growth and infrastructure development balance out anytime soon.
NGL prices have been strong, but traders are less optimistic about ethane.
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.
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.
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.
Superior Plus buys assets for $900 million.
Construction underway at Morgan’s Point facility on Houston Ship Channel.
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.
Asset in the Texas Golden Triangle fills need, says company.
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.