Jake Wright

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DUCs Can’t Sustain US Shale

ESAI Energy's recent North America Watch reports that while some rigs are starting to return to the shale patch, there will not be enough new drilling to offset decline in the coming months. US shale production will exit 2020 down by over 1.5 million b/d from December of 2019. ESAI Energy says a ...

Jake Wright


Posted 1 month agoPress > DUCsUS ShaleShale +1

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 3 months 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 4 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 4 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 4 months agoPress > ChinaOiloil demand +1
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