360 Digital Closing Bell 5-29-2020
Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail. The best 6 min summary of the energy markets.
Dow Flat, Crude up $1 - Nat Gas up,
International News Desk:
Natural Gas News
U.S. rig count decreased by 17 this week, at 301
This week’s Baker Hughes rig count shows that U.S. had a decrease of 17 over last week, resulting in a total count of 301 rigs. Canada had a decrease of 1 over last week, resulting in …
The Incoming Glut: Excessive Levels of Heavy Crude Supply in a Saturated Market
RarePetro
Oil & Gas 360 Publishers Note: Kevin Olson has assembled great data points about the influx of fifty million barrels of foreign crude oil to the United States, and may offset most of the production cuts. Pushing out any …
360 Digital Closing Bell 5-28-2020
Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail. The best 6 min summary of the energy markets.
Oil down - Securities get pounded, Tech stocks up, nice draw at Cushing. Jobs
U.S. senators weigh additional sanctions on Russia’s Nord Stream 2
WASHINGTON/FRANKFURT/MOSCOW – Two U.S. senators are considering drafting further sanctions on Russia’s Nord Stream 2 natural gas pipeline if Moscow goes ahead and finishes laying pipes, in another blow to a project which has already faced delays.
U.S. sanctions …
Weekly Gas Storage: Inventories increase 109 Bcf
Natural Gas Inventories as of May 22, 2020
The EIA has released its natural gas inventory report, showing a net increase of 109 Bcf as of May 22, 2020.
Working gas in storage was 2,612 Bcf as of Friday, May …
360 Digital Closing Bell 5-27-2020
Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail. The best 6 min summary of the energy markets.
Oil down - Equities Up - Dow Up
International News Desk: -Coronavirus
Coronavirus is causing the biggest fall in global energy investment in history: IEA
Impacts are being felt across the energy world, from fuel and power supply to efficiency, with serious implications for energy security and clean energy transitions
Oil & Gas 360 Publishers Note: Carla Sertin writes an excellent summary of the …
360 Digital Closing Bell 5-26-2020
Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail. The best 6 min summary of the energy markets.
Interesting day in the markets - demand is up!
International News Desk: -
Advantage announces renewal of credit facility at $400 Million
CALGARY, May 26, 2020 /CNW/ (TSX: AAV)– Advantage Oil & Gas Ltd. (“Advantage” or the “Corporation”) is pleased to announce the renewal of the Corporation’s existing $400 million revolving credit facility, following completion of
EQT Announces closing of asset sale and strategic volume curtailment
360 News Wire
PITTSBURGH, May 26, 2020 /PRNewswire/ — EQT Corporation (NYSE: EQT) today announced that it has closed a transaction to sell certain non-strategic assets and implemented a strategic volume curtailment program.
Asset Sale:
EQT has closed a transaction …
Carbon capture and the Allam Cycle: The future of electricity or a carbon pipe(line) dream? -Can this be the missing bridge?
Oil & Gas Publishers Note: Very interesting technology for natural gas power plants and ESG. Some of the key takeaways are: (1) 100% capture of emissions while being cost, and efficiency competitive, with advanced natural gas plants with …
360 Digital Closing Bell 5-22-2020
Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail. The best 6 min summary of the energy markets.
Oil up at 33.56 and market up.
Show Notes:
Post-Crisis Recovery:
Negative pricing seen spreading from oil to gas as European demand slumps
LONDON – A month after U.S. crude oil prices collapsed into negative territory, European gas markets are facing the prospect of also slipping into the red after a slump in demand and surging inventories pushed prices into low single …
U.S. rig count decreased by 21 this week, at 318
This week’s Baker Hughes rig count shows that U.S. had a decrease of 21 over last week, resulting in a total count of 318 rigs. Canada had a decrease of 2 over last week, resulting in …
Black Hills Corp. Reaches Agreement-in-Principle for Wygen I Power Purchase Agreement
Rapid City, S.D., May 21, 2020 (GLOBE NEWSWIRE) — Black Hills Corp. (NYSE: BKH) today announced that utility subsidiary Cheyenne Light, Fuel and Power Co. and power generation subsidiary Black Hills Wyoming reached an agreement-in-principle with the intervenors and participants …
360 Digital Closing Bell 5-21-2020
Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail. The best 6 min summary of the energy markets.
Oil up at 33.99 and market down.
Weekly Gas Storage: Inventories increase 81 Bcf
Natural Gas Inventories as of May 15, 2020
The EIA has released its natural gas inventory report, showing a net increase of 81 Bcf as of May 15, 2020.
Working gas in storage was 2,503 Bcf as of Friday, May …
360 Digital Closing Bell 5-20-2020
The Great Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail. The best 7 min summary of the energy markets. This is an up day in the market.
Rystad Energy posting that there
Continental Resources pushes for regulatory action at North Dakota hearing
Continental Resources, one of the largest U.S. shale oil producers, on Wednesday urged North Dakota energy regulators to intervene to help stabilize the state’s oil market through steps such as limiting output or restricting flaring of unwanted natural gas.…
Global demand for natural gas will drop 2% in 2020 as COVID-19 lockdowns take toll
Rystad Energy expects global gas demand to total close to 3,878 billion cubic meters (Bcm) in 2020, down from 3,951 Bcm last year
Commercial and industrial demand for natural gas is declining as most countries around the world impose …
360 Digital Closing Bell 5-19-2020
The Great Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail. The best 7 min summary of the energy markets. This is an up day in the market.
OPEC+ and Saudi Arabia have
360 Digital Closing Bell 5-18-2020
Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail. The best 7 min summary of the energy markets. This is an up day in the market.
Majors in Europe are spending more on
360 Digital Closing Bell 5-15-2020
Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail. The best 7 min summary of the energy markets. There is a down day in the market, but we have a draw down on crude
U.S. rig count decreased by 35 this week, at 339
This week’s Baker Hughes rig count shows that U.S. had a decrease of 35 over last week, resulting in a total count of 339 rigs. Canada had a decrease of 3 over last week, resulting in …
Will the Eastern Mediterranean pipeline deal create a regional energy hub?
Now that Cyprus, Greece and Israel have signed the Eastern Mediterranean pipeline deal, the countries may finally fulfil their ambitions of becoming regional energy hubs – but long-simmering disputes could create blockages
The Eastern Mediterranean is in the …
EIA expects lower natural gas production in 2020
Oil and Gas Publishers Note: While the EIA is looking at prices in the $2.95 range, we have been talking to many experts in the oil and gas space and they look for higher numbers. It is always to …
PU: “We think the U.S. gas, even at these low oil prices, will continue to be well advantaged.
The Covid-19 pandemic turned the table for U.S. petrochemical companies that saw cost advantages erode for their ethane crackers in relation to those that use naphtha as feedstock, as reported by Petrochemical Update.
Plunging oil prices in 2020 …
Weekly Gas Storage: Inventories increase by 103 Bcf
Natural Gas Inventories as of May 8, 2020
The EIA has released its natural gas inventory report, showing a net increase of 103 Bcf as of May 8, 2020.
Working gas in storage was 2,422 Bcf as of Friday, May …
EIA: Short-Term Energy Outlook
Forecast Highlights
Global liquid fuels
- Although all market outlooks are subject to many risks, the May edition of EIA’s Short-Term Energy Outlook remains subject to heightened levels of uncertainty because the effects on energy markets of mitigation efforts
