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U.S. Shale’s Dirty Secret
U.S. Shale’s Dirty Secret U.S. shale is surging, threatening to take even more market share away from OPEC. But the prospect of U.S. oil edging out barrels from the Middle East is not nearly as simple as it might seem. Oil coming from the major shale plays in the U.S. is light and sweet, while […]
How Oil Drives The South China Sea Conflict
How Oil Drives The South China Sea Conflict While it’s no secret that China has been intensifying its building frenzy, including military installations on islands, reefs and inlets in the heavily disputed South China Sea, it is also becoming increasingly clear that Beijing is not afraid to draw a line in the sand over these […]
China Now Produces More Oil Abroad Than At Home
China Now Produces More Oil Abroad Than At Home China is among the most import-dependent large oil consumers, but imports, it seems, are not its only problem when it comes to oil. Apparently, production from assets the Chinese state oil companies own abroad now exceeds domestic production, increasing the country’s dependency on foreign oil. That […]
UK Gas Crisis: Out Of The Frying Pan Into The Fire
UK Gas Crisis: Out Of The Frying Pan Into The Fire For the ministers and officials assembled, it was an embarrassment all around. Late last week, as we were at the annual Windsor Energy Consultation (WEC) just outside London, British Gas Plc confirmed that the nation was facing a natural gas shortage as freezing temperatures grip the country. […]
OPEC Deal In Jeopardy As Iran And Saudi Arabia Square Off
OPEC Deal In Jeopardy As Iran And Saudi Arabia Square Off Iran and Saudi Arabia are at odds over what to do next with the OPEC agreement, a conflict that could sow the seeds of the agreement’s demise over the course of the next year. As the WSJ notes, the dispute centers around exactly what […]
Glut Or Deficit: Where Are Oil Markets Headed?
Glut Or Deficit: Where Are Oil Markets Headed? A flurry of recent oil market forecasts have sent a lot of mixed messages about what to expect both in the near-term and over the next several years. Is U.S. shale about to flood the market, setting off another bust? Or is demand so strong that with […]
Huge Chinese Demand Fuels The Next U.S. Gas Boom
Huge Chinese Demand Fuels The Next U.S. Gas Boom China’s push for cleaner air and fuel is driving an unprecedented demand for natural gas, and the United States is well-positioned to seize this opportunity and export even more of its growing gas production to the thirsty nation. U.S. companies have plans for even more liquefied […]
Expert Commentary: How Trump’s Trade War Affects Canadian Oil
Expert Commentary: How Trump’s Trade War Affects Canadian Oil Last week, the first salvo of a global trade war was fired: US tariffs on steel and aluminum. Like the “shot heard round the world,” the American protectionist move has politicians and economists in industrialized nations strategizing with their spreadsheets. From Porsches to prosciutto, every country […]
OPEC Exports To The U.S. Continue To Decline
OPEC Exports To The U.S. Continue To Decline In the latter half of last year, we highlighted how Saudi deliveries to Motiva’s Port Arthur refinery had been surpassed by Iraqi barrels for the first time on our records. While this trend has now reversed, when it comes to total OPEC flows, the more things change, the more they […]
U.S. Oil Rig Count Falls As Gas Rig Count Soars
U.S. Oil Rig Count Falls As Gas Rig Count Soars Baker Hughes reported another 3-rig increase to the number of oil and gas rigs this week. The total number of oil and gas rigs now stands at 984, which is an addition of 216 rigs year over year. Despite the overall increase, the number of […]
Saudi Arabia Plans Its Own Shale Revolution
Saudi Arabia Plans Its Own Shale Revolution Saudi Arabia has big gas plans, with Aramco eyeing a twofold increase in its natural gas production over the next ten years as it seeks to switch local power plants to gas from oil, so it can export more crude. This gas, apparently, could come from shale deposits. […]
Is The Sky The Limit For U.S. Shale?
Is The Sky The Limit For U.S. Shale? The IEA’s forecast that U.S. shale will dominate the oil market over the next three years because of skyrocketing shale production made global headlines on Monday, but the conclusions should not be taken as gospel. The industry could run into a series of headwinds that could slow […]
Shale Pioneer Issues Warning To US Drillers
Shale Pioneer Issues Warning To US Drillers U.S. shale has effectively upended the oil industry, with predictions that total U.S. oil production will surpass Saudi Arabia’s output this year, in turn rivalling Russia’s to become the preeminent global producer. From its position of being dependent on, and subordinate to OPEC, the U.S. has seemingly become […]
Trump’s Trade Wars Could Spark A Massive Drop In Oil
Trump’s Trade Wars Could Spark A Massive Drop In Oil Today, I am breaking with two of my rules in writing these pieces. I generally try to steer clear of politics and to avoid being alarmist or overly sensational. What has forced me to ignore both rules is the announcement on Thursday by Donald Trump […]
U.S. Rig Count Inches Higher As Canadian Rig Count Slips
U.S. Rig Count Inches Higher As Canadian Rig Count Slips Baker Hughes reported another 3-rig increase to the number of oil and gas rigs this week. The total number of oil and gas rigs now stands at 981, which is an addition of 225 rigs year over year. The number of oil rigs in the […]
