Post Tagged with: "Supply"

An Oryx Midstream facility (source: Oryx Midstream Services)

Qatar May be Losing the Top Spot as World’s Biggest LNG Exporter

From CNBC


Qatar will lose its title as the world’s largest exporter of liquefied natural gas (LNG) within the next year, as Australia ramps up production on a slew of multi-billion dollar export projects.

“Australia and Qatar continued to jostle …

Oil Steadies as Saudi, Kuwait Signals Offset Demand Fears

Oil Steadies as Saudi, Kuwait Signals Offset Demand Fears

From Reuters


Oil prices were little changed on Monday as expectations that major producers would continue to reduce global supplies ran into worries about sluggish growth in crude demand due to the U.S.-China trade war.

International benchmark Brent crude settled …

Brent Oil in Bear Market as China-U.S. Trade Tensions Mount

Brent Oil in Bear Market as China-U.S. Trade Tensions Mount

From Reuters


Oil prices fell more than 1% on Tuesday, with Brent crude settling near seven-month lows below $60 a barrel as trade tensions between the U.S. and China intensified worries about weakening global demand.

During the session, Brent traded …

Oil’s Post-Crash Bounce Fades as Buy-the-Dip Proves a Bust: Kemp

Oil’s Post-Crash Bounce Fades as Buy-the-Dip Proves a Bust: Kemp

From Reuters


Oil prices have continued to drift lower after plunging last week, highlighting the risk for traders trying to exploit mean-reversion strategies by buying futures contracts after a sharp fall in prices.

Front-month Brent futures prices tumbled by more …

Oil Gains on U.S. Economic Data, Gulf Crude Tanker Dispute

Oil Gains on U.S. Economic Data, Gulf Crude Tanker Dispute

From Reuters


Oil prices inched up on Friday, ending the week higher after stronger-than-expected U.S. economic data brightened the crude demand outlook and concerns over the safety of oil transport around the Strait of Hormuz threatened supply.

Brent crude futures …

U.S. Shale will Drive 30% Oilservice Spending Rebound in 2017: BI

EIA: U.S. Shale Output to Keep Rising, Peak after 2030

EIA: U.S. shale output to keep rising until peak after 2030

April 1, 2019 - 8:18 am Closing Bell Story‎, Energy News, Press Releases
Oil Falls on U.S. Crude Build; Global Supply Rises

Oil Falls on U.S. Crude Build; Global Supply Rises

From Reuters

Oil prices fell on Wednesday on worries that global supply is climbing after U.S. inventories rose unexpectedly and Saudi Arabia and other big producers signaled that they may increase output.

U.S. crude inventories rose 2.1 million barrels in …

June 6, 2018 - 1:40 pm Closing Bell Story‎, Energy News
Courtesy of RSP Permian

OECD Inventories Lowest in Three Years: IEA

Inventory declines have brought prices to three-year highs

The International Energy Agency (IEA) released its monthly Oil Market Report today, outlining the group’s analysis of the overall oil market.

In March 2018, OECD stocks declined by 27 million barrels to …

A Deep Dive into the Mind of the EIA

A Deep Dive into the Mind of the EIA

The EIA’s Jeff Barron joined the EnerCom Dallas conference last week, both as an attendee and as a presenter. At lunch time Thursday he laid down a detailed, analytical presentation that spoke volumes to the analysts, institutional investment officers and …

Cushing, Okla., is one of the United States oil facilities in the Keystone Pipeline System.

TransCanada’s 4,250-kilometre (2,640 mile) Keystone Pipeline System transports approximately 20 per cent of western Canadian crude oil exports to key refineries in the U.S. Midwest and Gulf Coast, where it is converted into fuel and other useful petroleum products.

No Stream Like Midstream

TransCanada, Enbridge and Spectra queue up pipeline projects across all of North America

TransCanada adds Canadian capacity

TransCanada Corporation (ticker: TRP) has a new $2.4 billion NGTL system expansion coming on-line within four years. The NGTL moves gas from the …

World’s Crude Stockpiles Will Increase in 2018: Morningstar

World’s Crude Stockpiles Will Increase in 2018: Morningstar

U.S., Libya and Nigeria will drive up global supply

From Morningstar

Crude fundamentals look healthier than they’ve been for years, largely due to voluntary curtailments from OPEC and its partners. By giving up 1.8 million barrels per day (mmb/d), combined, …

December 28, 2017 - 10:58 am Closing Bell Story‎, Commodity Pricing, Energy News
Non-OPEC Supply Growth will Hold Down Prices: EIA, IEA

Non-OPEC Supply Growth will Hold Down Prices: EIA, IEA

International oil prices are contingent upon both the worldwide growth in oil production and the worldwide growth in oil inventories. Understanding the balance of these movements, and interpreting those movement is undertaken by the Energy Information Agency (EIA) and the …

Image: Oil & Gas 360

The World’s Coming Mega-Population Centers and the Energy They Will Need

Decline curves + global population growth: energy demand will outpace supply through 2040 (and beyond)

So far in 2017 a number of global energy experts and commodities watchers have looked beyond the current reporting period and they see a growing …

Focus on Short-Cycle Returns Could Spell Trouble for Future Supply

Focus on Short-Cycle Returns Could Spell Trouble for Future Supply

Oil traders warn of impending supply crunch

Investors’ preference for projects with fast returns could spell trouble for future supply, warn oil traders and service executives. Many of these short-cycle projects involve U.S. shale operations, but with demand continuing to …

OPEC Compliance Might Cause Global Crude Deficit in 2H 2017

OPEC Compliance Might Cause Global Crude Deficit in 2H 2017

Demand could outstrip supply in the back-half of next year, but only if OPEC and non-OPEC producers follow through on cuts

Oil prices leapt over $50 per barrel following OPEC’s agreement to cut production last week, and they could be …

December 7, 2016 - 5:07 pm Closing Bell Story‎, Oil and Gas 360 Articles, OPEC
IEA: Essentially No Oversupply in Second Half of the Year

IEA: Essentially No Oversupply in Second Half of the Year

Supply and demand beginning to cool as oversupply shrinks – IEA, OPEC weigh in

The International Energy Agency sees supply and demand coming into balance during the third quarter of the year, according to its August Oil Market Report.…

Not Just Another Cycle: Major Shifts Between 2008 and Today

Not Just Another Cycle: Major Shifts Between 2008 and Today

Just because it’s cyclical, doesn’t mean every cycle is the same

They say history repeats itself, and given the cyclical nature of the oil and gas business, many look to the past when trying to guess what is coming next, …

Oil Surplus Smaller than Expected, but Downward Pressure on Prices Remain – IEA

Oil Surplus Smaller than Expected, but Downward Pressure on Prices Remain – IEA

Oil surplus about 40% smaller than thought a month ago

The global glut of oil is shrinking, and the oil surplus is smaller than it was believed to be a month ago, according to the IEA’s June Oil Market Report

OPEC Report Calls for Market Balance in Second Half of 2016

OPEC Report Calls for Market Balance in Second Half of 2016

Unplanned outages continue to shore up the market quicker than expected – OPEC

The OPEC Monthly Oil Market Report released Monday shows the group expects oil markets to balance out in the second half of this year. Unplanned supply outages …

Demand Cools: IEA Oil Market Report Has Demand Growth Slowing 0.6 MMBOPD

Demand Cools: IEA Oil Market Report Has Demand Growth Slowing 0.6 MMBOPD

Production outside of OPEC has started to show more significant signs of rolling over recently, with U.S. production falling below 9.0 MMBOPD for the first time since 2014. Global oil supplies fell 0.3 MMBOPD in March to 96.1 MMBOPD, …

OPEC Trims 100 MBOPD Off Demand Expectations

OPEC Trims 100 MBOPD Off Demand Expectations

OPEC expects demand to be around 100 MBOPD lower than last month’s forecast

In its March Oil Market Report, OPEC said it is now forecasting weaker demand for its own crude for 2016. The group revised demand expectations for oil …

March 16, 2016 - 4:08 pm Closing Bell Story‎, Oil and Gas 360 Articles, OPEC
Signs Point to Prices Bottoming Out – IEA

Signs Point to Prices Bottoming Out – IEA

Production overhang beginning to slow,  but “sustainable price recovery more likely a 2017 event”: Wells Fargo

Oil prices continued their gains today as a report from the IEA indicated that prices may have finally bottomed out, and are beginning to …

Oil Climbs Above $32 as Markets Hope for a Saudi/Russia Deal

Oil Climbs Above $32 as Markets Hope for a Saudi/Russia Deal

Russia and Saudi Arabia may be more flexible on supply – Iraqi minister

Both U.S. benchmark WTI and international benchmark Brent crude oils rose above the $32 mark today as new hope for a supply deal emerged. Iraqi Oil Minister …

Source: BP Offshore Azerbaijan

Oil Could Go Lower: IEA

The IEA sees continued pressure on oil potentially pushing prices down furtherIEA OMR Jan Supply and Demand

In its first Oil Market Report of the year, the International Energy Agency painted a pessimistic picture for the outlook of oil prices. Even as the IEA expects …

World Oil Demand = 97 Million Barrels per Day by 2020; 110 MMBOD by 2040: OPEC

World Oil Demand = 97 Million Barrels per Day by 2020; 110 MMBOD by 2040: OPEC

$10 Trillion in global oil-related investment will be needed to Meet Demand: OPEC

Supply: non-OPEC supply down 1 MMBOD by 2020; OPEC supply up 1 MMBOD by 2040

saudi drill rigOPEC’s press release announcing the coming 2015 release of its annual World …

Supply Remains the Main Driver of Oil Prices

Supply Remains the Main Driver of Oil Prices

CIBC’s Katherine Spector: “In the very short-term, while there may be a few more dollars of downside in the crude price, increasingly lopsided futures market positioning suggests that an end is probably near.”

The world will need more oil from

August 13, 2015 - 1:07 pm Commodity Pricing, Oil and Gas 360 Articles, OPEC
OPEC Lifts Demand Expectations as Reference Basket Prices Fall 10%

OPEC Lifts Demand Expectations as Reference Basket Prices Fall 10%

Selloff pushes OPEC crude basket lower

Even OPEC has been feeling the pressure of low oil prices brought on by the decision to maintain production in November of last year. The organization released its monthly Oil Market Report (OMR) for …

August 11, 2015 - 12:07 pm International, Oil and Gas 360 Articles, OPEC