Latest Opinions


Don’t Hold Your Breath For $70 Oil

It is more likely that oil prices will fall below $50 per barrel than that they will continue to rise toward $70. Prices have increased beyond supply and demand fundamentals because of premature expectations about the effects of an OPEC production cut on oil inventories. Last week's 13.8 million b ...

Art Berman - The Petroleum Truth Report


Posted 2 years agoOpinion > Art BermanThe Petroleum Truth Reportoil price

The Beginning of the End For The Bakken Shale Play

It's the beginning of the end for the Bakken Shale play. The decline in Bakken oil production that started in January 2015 is probably not reversible. New well performance has deteriorated, gas-oil ratios have increased and water cuts are rising. Much of the reservoir energy from gas expansion is ...

Art Berman - The Petroleum Truth Report


Posted 2 years agoOpinion

OPEC Production Cuts and The Long Road To Market Balance

Global oil inventories are falling because of OPEC and non-OPEC production cuts but the road to market balance will be long. Production cuts have removed approximately 1.8 million barrels per day (mmb/d) of liquids from the world market since November 2016 (Figure 1). Figure 1. OPEC-NOPEC Have ...

Art Berman - The Petroleum Truth Report


Posted 2 years agoOpinion > The Petroleum Truth ReportArt BermanOPEC

Strong Natural Gas Prices And Tight Supply In 2017

A year ago, most analysts were bearish about natural gas prices.    I wrote that natural gas prices might double and they did. Today, most analysts are again bearish about gas prices and again, I think that they are probably wrong at least for 2017. The mainstream narrative  is that new pipeline ...

Art Berman - The Petroleum Truth Report


Posted 2 years agoOpinion > Art BermanThe Petroleum Truth Reportnatural gas

Shale Gas Is Not A Revolution

Shale gas is not a revolution. It's just another play with a somewhat higher cost structure but larger resource base than conventional gas. The marginal cost of shale gas production is $4/mmBtu despite popular but incorrect narratives that it is lower. The average spot price of gas has been $3.77 ...

Art Berman - The Petroleum Truth Report


Posted 2 years agoOpinion > Art BermanThe Petroleum Truth ReportShale Gas

Gas, Coal, and Renewables - the US Energy Mix

With increasingly intensive regulation of greenhouse gas emissions over the last decade, government support for the development of renewable energy resources (via research grants and tax credits), and low natural gas prices, coal-fired generation has been on a steady decline in the US. According to ...

Mary DeFilippe


Posted 2 years agoOpinion > energy trading and risk managementETRM softwareenergy market

3 Reasons Why Mergers & Acquisitions Hurt Customer Relationships

As the industry moves to producing from hotter, harsher, and deeper pay zones, oil producers are facing newer, complex challenges. Traditionally, operators would overcome these production obstacles by working with a service company, whose responsibility it would be to design fit-for-purpose artific ...

Mari Rada


Posted 1 year agoOpinion > mergersArtificial LiftValiant ALS +3

Navigating Uncertainty in Energy Markets

The energy market has never been more diverse. Waves, wind, and sun have been harnessed for power and we can access previously unavailable sources of oil, gas, and coal. Worldwide demand for energy rose by about one-third between 2000 and 2014 and will continue to grow in part due to urbanizing popu ...

Mary DeFilippe


Posted 2 years agoOpinion > ETRMcommodity tradingenergy trading and risk management

Environmental Improvements In Oil & Gas Exploration

The oil and gas industry plays a critical role in the ongoing production of fuel and petroleum-based products, such as plastics and medicines. However, the exploration, drilling and transportation of the natural resource crude oil can negatively affect the environment in a variety of ways, specifi ...

Rory Bagley


Posted 1 year agoOpinion > Oil and GasExploration & ProductionExploration Geophysics

Permian Giant Oil Field Would Lose $500 Billion At Today’s Prices

Did you hear about the largest U.S. oil and gas field that's in the Permian basin of west Texas? That's the one that's not a field because it hasn't been discovered yet. That's the one whose 20 billion barrels are an estimate by the U.S. Geological Survey. That's the one whose 20 billion barrels w ...

Art Berman - The Petroleum Truth Report


Posted 2 years agoOpinion > PermianArt BermanUnited States +2

Gas Pipeline Infrastructure Market to Accrue Maximum Revenue Via Onshore Applications Over 2017-2024, U.S. to Majorly Contribute Toward the Regional Demand

The latest buzz that the U.S.  gas pipeline infrastructure market  is ablaze with is Williams Pipeline Partners' approval application for its Transco natural gas pipeline project with FERC (Federal Energy Regulatory Commission). The former, a key provider of energy infrastructure in the U.S., aim ...

Mahesh Gore


Posted 1 year agoOpinion > United StatesGas Pipeline InfrastructureNatural Gas Pipeline

Carbon Capture and Storage Market to be Driven by a Slew of Governmental Initiatives Regarding Sustainable Energy Programs Over 2017-2024

The globally prevalent trend to reduce carbon emissions is a vitally imperative fact that has been driving  carbon capture and storage market . Perpetually impelled by the urgent requirement to brainstorm newer methodologies to uphold energy efficiency, numerous governmental bodies across the glo ...

Mahesh Gore


Posted 1 year agoOpinion > Carbon Capture and Storage MarketCarbon Capture and StorageCarbon Capture and Storage industry +2

Oil Refining Market to Witness Massive Demand From the Booming Transportation Sector, Global Consumption to Surpass 100 MBPD by 2024

The significant increase in exploration of oil and gas resources elevated the  oil refining market  to a valuation of more than USD 6 trillion in 2017, with vast investments being done to match the refinery and oil extraction capacities. A stability in the prices of crude oil is being observed gl ...

Mahesh Gore


Posted 10 months agoOpinion > Oil Refininglatest oil and gas news

Oil and the Saudi Arabia threat by Dr. Daniel Fine

Dr. Daniel Fine, New Mexico Center for Energy Policy There is instability in the leading oil producer within OPEC and the lowest cost producer in the World. Nothing like this has happened in Saudi Arabia since the middle of the last century. It is only a matter of the short term before the price ...

Will Fine


Posted 2 years agoOpinion > San Juan BasinNew Mexicosaudi +27

Hedging threat and Venezuela Oil by Dr. Daniel Fine

How can Saudi Arabia and OPEC behind them strike a second blow against shale oil producers in the Southwest? The first was the 2014-2017 price and market share war in which they raised production to put the higher cost Americans out of business.   This was partially abandoned at Algiers in a reversa ...

Will Fine


Posted 2 years agoOpinion > VenezuelaVenezuela oilOPEC +11
Last fetch 10/16/2019 12:50:39 AM