Jake Wright

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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 29 days 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 1 month 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 1 month 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
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