USA


All posts for USA

OPEC FACES OFF WITH RUSSIA

Saudi Arabia and Russia are both by far some of the lowest-cost oil producers in the world, flipping the narrative to a race for market share instead of an attempt to preserve prices. Caught in the middle will be OPEC members counting on steady oil prices to keep their economies afloat (Iran, Ira ...

Hui Shan


Posted 16 days agoLink > OPECsaudiRussia +3

The Shale Showdown in 2020 – What’s Happening?

Slow growth in U.S. energy consumption, as a result of continued increases in energy efficiency, and technologically enabled growth in domestic oil and natural gas production lead the United States to remain a net energy exporter through 2050. The AEO2020 Reference case projects domestic energy d ...

Hui Shan


Posted 1 month agoLink > ShalePermianUSA +3

Emerging Middle East Proxy War And Oil Prices

These narrow trading ranges occurred as a result of offsetting upward and downward price pressures, despite the largest single-day price increase since 2008, which followed the September attacks on Saudi Arabia's crude oil production and processing infrastructure. In 2019, several factors, includ ...

Hui Shan


Posted 2 months agoLink > IranIraqAmerica +6

The Oil and Gas Industry in 2020 – Brief Summary

Attempts by the wider OPEC+ club to minimise the growing glut have only mitigated the situation; the power of these producers to influence the market has diminished as US production has risen. As long as OPEC+ tries to play the good cop in the market – yielding volumes to coerce trends – crude pr ...

Hui Shan


Posted 3 months agoLink > OPECsaudiRussia +4

Compliance Is Critical

On one hand, you had some key members – including Iraq, surprisingly – stating the need for the broader OPEC+ club to make further cuts to its supply deal. The headlines spinning out of the December 5 meeting was that the OPEC+ alliance agreed to slash a further 500,000 b/d, with Saudi Arabia ple ...

Hui Shan


Posted 3 months agoLink > OPECsaudiRussia +3

Geopolitical Tensions Overshadow a Year of Big Discoveries

Hammered by US sanctions that have severely curbed its oil exports – and scaring off international investors – Iran has continued to go alone in exploration work within its borders. Just last week, Iran announced that it had struck a new field in its southwest that contains up to 53 billion barre ...

Hui Shan


Posted 4 months agoLink > IranWaroil price +6

Q319 Financials: Weaker Oil Prices, Weakened Profits

Changing nature of non-OPEC supply types may be affecting the crude oil futures marketChanges in the oil investment and production cycle may be affecting trading dynamics for West Texas Intermediate (WTI) and Brent crude oil futures contracts. Similar research from the U.S. Commodity Futures Trad ...

Hui Shan


Posted 4 months agoLink > oil priceShaleUSA +5

Ecuador Exits OPEC

Citing a need to boost oil revenues by being ‘honest about its ability to endure further cuts', Ecuador is prioritising crude production and welcoming new oil investment (free from production constraints) as President Lenin Moreno pursues more market-friendly economic policies. Indonesia did rejo ...

Hui Shan


Posted 5 months agoLink > OPECsaudiRussia +4

BP Exits Alaska - An End of an Era

After over 60 years of operating in the frigid but productive wilderness of Alaska, oil supermajor BP has decided to call it quits. Once home to the largest crude oil field in America, BP's departure from Alaska is not a surprise but a trend of things to come. What Hilcorp purchases from BP incl ...

Hui Shan


Posted 6 months agoLink > AlaskaBPHillcorp +4

SHORT-TERM ENERGY OUTLOOK

Facing a tough situation where shale oil prices are depressed due to a lack of infrastructure to send them to the US Gulf Coast for processing and export, independent US shale drillers are facing financial pressure as loans are no longer handed out like candy and investors are demanding results. ...

Hui Shan


Posted 7 months agoLink > ElectricityrenewableCoal +10

US Monetary Policy and Crude Oil Prices

Facing a tough situation where shale oil prices are depressed due to a lack of infrastructure to send them to the US Gulf Coast for processing and export, independent US shale drillers are facing financial pressure as loans are no longer handed out like candy and investors are demanding results. ...

Hui Shan


Posted 7 months agoLink > OilFundOil Majors +5

Chevron & Venezuela – Together Still

Barely hours before the deadline, Chevron received word from the US government that it would be allowed to continue operating in Venezuela. The lone major US oil company still in operation after ExxonMobil and ConocoPhillips made a costly flee when Hugo Chávez nationalised the oil industry, Chevr ...

Hui Shan


Posted 7 months agoLink > TrumpVenezuelaGuaido +10

The Strait of Hormuz and Oil Prices

Weakening global oil demand and strong supply growth in the United States contributed to global petroleum and other liquid fuels inventory builds in the first half of 2019 and limited any sustained upward pressure on crude oil prices. EIA expects that the combination of strong growth in U.S. and ...

Hui Shan


Posted 8 months agoLink > IranWaroil price +7

TODAY IN ENERGY: U.S. crude oil production surpassed 12 million barrels per day in April

The Wafra field was discovered in 1953, and in 1960, Japan's Arabian Oil Company (which held an offshore concession awarded by Saudi Arabia in 1957 and another awarded by Kuwait in 1958) discovered the giant Khafji offshore field. The unique status of the Neutral Zone is exemplified by its struct ...

Hui Shan


Posted 8 months agoLink > ProductionsupplyEIA +5

The Winds of War and Oil Markets

Financial sanctions came first, then sanctions on crude oil exports from Iran. But the situation was diffused when the US introduced waivers for 8 major importers of Iranian crude in November 2018, calming the markets. Not just because the extension of the current OPEC+ deal could be scuppered, ...

Hui Shan


Posted 9 months agoLink > IranMiddle Eastoil price +3