Tag: U.S.
Permian, Anadarko basins lead US drilling rig rebound and force market to follow oil’s lead
NGL production expected to grow in five years as demand increases In the latest installment of its FundamentalEdge series, Drillinginfo released Chasing Crude, a market outlook report focused on its latest view of price and production forecasts for the oil, natural gas, and NGL markets. Chasing Crude continues to monitor the global supply/demand balance for crude oil. Following […]
US gasoline prices this Thanksgiving are higher than previous two years
American gasoline prices continue to be closely linked to crude oil prices Heading into the Thanksgiving holiday weekend, U.S. retail regular-grade gasoline averaged $2.57 per gallon (gal), up 41 cents/gal from the same time last year, according to the U.S. Energy Information Administration. Although gasoline prices are higher than in both 2015 and 2016, the […]
New service making Western Canadian natural gas to Ontario, U.S. more competitive
By 2020 TransCanada expects an additional delivery of 1 billion cubic feet of natural gas per day to key markets TransCanada Corporation announced its Canadian Mainline will began shipping additional Western Canada Sedimentary Basin natural gas to markets in Eastern Canada and the U.S. as part of its Long-Term Fixed Price (LTFP) service, according to […]
Eroding diversity in U.S. power grid will create higher power bills, negative impacts
U.S. power grid becoming less cost-effective, less reliable and less resilient The U.S. power grid is on track to lose cost effective power supply diversity, a trend that will raise the cost and variability of power bills and create negative macroeconomic impacts that would ripple out through the broader U.S. economy, a new study by IHS […]
Is Alberta about to lose its competitive advantage in oil sector thanks to Donald Trump?
Saskatchewan will become one of highest-taxed oil-producing jurisdictions, Alberta will be middle of the pack globally Is Canada about to lose the competitive advantage it currently enjoys in attracting investment to its oil sector? With a U.S. tax reform package on the horizon, the answer could be yes, according to a new report from the University […]
Hedge funds anticipate hurricane disruption to U.S. refineries: Kemp
Backwardation in gasoline narrowing as tankers head from Europe to bring relief fuel By John Kemp Hedge funds turned bearish towards U.S. crude while boosting bullish positions in gasoline and heating oil in the final week of Aug., anticipating major disruption to U.S. refineries as a result of Hurricane Harvey. Hedge fund operators responded in […]
US oil and gas industry has turned the corner – Kemp
US crude futures prices have risen by around two-thirds since Jan. and Feb. 2016 By John Kemp LONDON (Reuters) – U.S. petroleum producers are looking forward to better times in 2017 as the industry has passed the low-point in the cycle and embarked on the road to renewed expansion. Domestic oil and gas production hit […]
Risk premium for oil markets to return in 2017 as middle East instability persists – IHS
For next American president, no foreign policy choice more important ending Middle East stalemate ENGLEWOOD, Colo. – Shifting power relationships in the Middle East are reordering regional geopolitics, entrenching a stalemate of conflict that threatens to further destabilize the region. Wars in Syria and Yemen and against the Islamic State, combined with the balancing of supply […]
Will ambitious Iranian oil policy succeed?
With US primary sanctions still in place, many countries are cautious about buying from Iran or investing in oil production International sanctions have had a strong impact on Iran’s oil revenues, halving crude oil exports to 1.1 million b/d and forcing the NIOC to shut down production at many of its southern fields, according to international […]
US shale operators with drilled but uncompleted wells to benefit from capital efficiency gains
Drilling all wells at once enables operators to negotiate better rates with service companies, who enjoy benefit of larger projects US oil and gas operators with significant inventories of drilled but uncompleted wells (DUCs) in the major plays will benefit from capital efficiency gains in 2016, according to a new study from IHS. But conversion of these […]
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