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Canadian Oil Sands to Recover More Quickly than US Shale

As oil prices stabilize above $30 for WCS and $40 for WTI, production that was curtailed in April and May in response to the COVID-19 price crash is returning in both the Canadian Oil Sands and in the US Shale basins. But according to ESAI Energy's latest North America Watch , while production in ...

Jake Wright


Posted 1 month agoPress > Oil SandsCanadian Oil SandsUS Shale

2.7 million b/d US Crude Oil Pipeline Capacity Delayed in 2021

Pipeline projects in the US that were slated for start-up in 2021 are facing huge challenges from an uncertain demand outlook, lengthy court battles and regulatory review. ESAI Energy's recent North America Watch notes that while some projects already under construction are moving forward, about 2 ...

Jake Wright


Posted 2 months agoPress > DAPLOilDakota Access Pipeline +3

After the Russian Middle Distillate Flood

After Russia flooded the global middle distillate market in the second quarter, Russia's surplus will recede to more typical levels, according to ESAI Energy's recently published CIS Watch . Early in the second quarter, Russia's extraordinary surplus of roughly 1 million b/d of diesel and jet fue ...

Jake Wright


Posted 2 months agoPress > RussiaMiddle distillatejet fuel +1

China’s oil demand gradually recovers amidst deteriorating geopolitics

In the second half of 2020, China's oil demand is forecast to be 120,000 b/d lower year-on-year, or 14.1 million b/d, according to ESAI Energy's newly released China Watch report. The recovery of oil demand is more gradual than recent data suggest. Furthermore, and increased tensions with U.S. and I ...

Jake Wright


Posted 2 months agoPress > ChinaOiloil demand +1

Shale Could Contract by 1.0 Million b/d Within the Year

As a price-elastic source of supply, US shale production will respond relatively quickly to the steep drop in oil prices. Already US E&Ps are reporting further reductions to their 2020 spending guidance and cutting back on planned drilling activity. A new-normal is here, with fiscal discipline and ...

Jake Wright


Posted 6 months agoPress > ShaleOilPrice War +1

ESAI Energy Introduces "Green Energy Trends"

ESAI Energy introduces its new publication,  Green Energy Trends , that will build on and replace their  Global Biofuels  report. The new publication will highlight the market impact of policies and other developments associated with climate change and combating its effects. Meanwhile, the publicat ...

Jake Wright


Posted 8 months agoPress > Climate Changeenergy transitiongreen energy +3

U.S.-IRAN CONFLICT ESCALATES

On Monday, the 30th, ESAI Energy wrote that conflict between the U.S. and Iran is a military as well as economic contest and that oil facilities in the region remain at risk. Last night's U.S. attack, killing the leader of the IRGC Quds Force, was described as pre-emptive self-defense designed to ...

Jake Wright


Posted 8 months agoPress > U.S.IranIraq +2

Changes to China's Tax Treatment of Fuel Oil Shakes Up Bunker Market

IMO 2020 leads to important changes in the bunker, fuel oil, and refining sectors in China that could bring about tax changes as China eyes new opportunity The IMO specification change will limit Sulphur content in ships' fuel oil from 3.5 to 0.5 percent from January 2020. This will shift a la ...

Jake Wright


Posted 10 months agoPress > Chinafuel oilBunker +7

ESAI Energy Details the Growing LNG Surplus

Expert Analysis on Growing LNG Market BOSTON, MA, October 16, 2019 – ESAI Energy, an industry-leading energy market research and forecasting firm, examines the impact of an impending global LNG surplus for its clients, complementing the firm's offerings in crude oil, natural gas, refining, pe ...

Jake Wright


Posted 11 months agoPress > LNGLiquified Natural GasLiquefied Natural Gas +6