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Crude Markets Watching Geopolitical Tension and Inventory Reports: China

July 10, 2018

China-U.S. trade tension could disrupt economic growth, causing oil demand destruction U.S. shale ramp-up unlikely due to constraints from limited pipeline capacity From Xinhua News HOUSTON, July 8 (Xinhua) — In the week ending July 6, global oil markets closely watched the tension between Saudi Arabia, Iran and the United States and the U.S. weekly inventory report. U.S. President Donald

Iran’s President Rouhani is Sticking With Nuclear Deal

July 3, 2018

Iranian President Hassan Rouhani said Tuesday his country is committed to the 2015 nuclear deal, even though it’s been abandoned by the United States. In Switzerland campaigning to save the deal, Rouhani made clear Tehran will stick to the agreements it made in the Joint Comprehensive Plan of Action. “We announce to the world that Iran respects the international regulations

Russia and China should boost their energy cooperation, including increasing their oil trade, which could lead to the establishment of new benchmarks and raise the two countries' clout in the market Oil & Gas 360

U.S. Energy Chief Perry to Meet with Russian Oil Minister Novak Next Week

June 22, 2018

From The Wall Street Journal Energy Secretary Rick Perry will host Russia’s energy minister for a meeting in Washington next week, according to people familiar with the planning, putting the top energy officials from the world’s largest oil and gas producers in the same room at a time when relations between the countries are increasingly under the spotlight. It is

China Leaves U.S. LNG Off Import Tariff Retaliation Hit List—For Now

June 21, 2018

From Financial Times Chinese LNG demand is soaring — so much so that Beijing spared the product from tariff rises When China last week set out a list of US exports threatened with retaliatory tariffs, almost all fossil fuels were covered, including oil, coal and liquefied petroleum gases such as propane. There was, however, one conspicuous exemption: liquefied natural gas.

Present Day Middle Eastern Game of Thrones – Part Two

June 20, 2018

[EDITOR’S NOTE: this is the final installment of the OAG360 story in which Helen El Mallakh, director of the International Research Center for Energy and Economic Development (ICEED), discusses the changing political scene and the shifting geopolitical sands that are challenging the balance of oil producers in the Middle East. El Mallakh was keynote speaker at the Energy Finance Discussion

Global Trade War Weighs on Businesses

June 20, 2018

From Reuters A developing trade war between the world’s biggest economies is weighing on business confidence and could force central banks to downgrade their outlook, the world’s most powerful policymakers argued on Wednesday. After imposing punitive tariffs on a number of its top trading partners, the United States earlier this week threatened China with further duties on $200 billion, escalating

Present Day Middle Eastern Game of Thrones – Part One

June 19, 2018

“The Middle East shapes energy politics, energy crises, and it has a huge impact on geopolitics” – Helen El Mallakh Ahead of the upcoming 174th OPEC meeting in Vienna, Austria, (scheduled for Friday, June 22, and immediately followed by the fourth OPEC/non-OPEC ministerial meeting Saturday), Helen El Mallakh, director of the International Research Center for Energy and Economic Development (ICEED)

OPEC and U.S. Shale Producers to Deepen Ties in Vienna

June 14, 2018

From Reuters Only a few years ago, shale CEOs and the Organization of the Petroleum Exporting Countries were in open conflict. Now, they realize they’re in the same boat and need to row in tandem to keep global crude supply and demand in balance, according to interviews with analysts, executives and investors. The recent rise in crude prices LCOc1CLc1 –

United States, Saudi Arabia and Russia Find Agreement on Oil Policy

June 14, 2018

From the New York Times HOUSTON — It is unusual for the United States, Saudi Arabia and Russia to see eye-to-eye, much less try to achieve common energy policy goals, even indirectly. But that is what seems to be happening, and it is taking the edge off the yearlong rise in oil and gasoline prices. Even if those countries have

How the U.S. Will Handle the OPEC-Russia Spigot

May 30, 2018

Except for a small drop in the amount of oil produced in 2016, with return to the upswing in 2017, American production has been on a steady increase ever since 2008. Even during the 2014-2016 price crash, U.S. E&Ps hunkered down, strengthened their balance sheets, made technological leaps and kept on producing oil and gas—without depending on the reappearance of

Oil Prices Recover After a Million-Barrel Comment Spooked Oil Markets Friday

May 30, 2018

OPEC and Russia looking hard at ending cuts, but maybe not till after end of the year Reacting to comments from the Saudi oil minister, crude oil prices fell more than $5 per barrel between Friday and Tuesday. Brent crude oil grew from about $73 per barrel at the beginning of May to kissing $80 last week, then falling to

EcoStim Ups Capacity to ‘Super Fleet’ in the STACK

May 29, 2018

Eco-Stim Energy Solutions, Inc. (ticker: ESES) reported today that it has agreed to provide its primary customer in the STACK with additional dedicated horsepower and equipment, including natural gas-powered pumping units. The company refers to this collaborative plan as a “super fleet.” According to the company’s most recent investor presentation, Eco-Stim has a total capacity of ~168,000 HHP, including 53

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