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Global Demand Picture For Natural Gas Looks Increasingly Sour
Global Demand Picture For Natural Gas Looks Increasingly Sour Bearish moods seemed to have permanently settled in energy markets. The first and most obvious victim of the nosediving oil prices has been natural gas. Once seen invincible, liquefied natural gas (LNG) growth could now be racing to the edge of a cliff. Falling natural gas […]
Canada’s Oilfield Service Sector Battered By Low Prices
Canada’s Oilfield Service Sector Battered By Low Prices In some ways the numbers don’t look that bad. For a group of 25 diversified, publicly traded Canadian oilfield service (OFS) companies, combined revenue of nearly $9 billion in the first six months of 2015 was only 22.1 percent lower than $11.53 billion for the same period […]
Did The Fed Intentionally Spark A Commodity Sell-off?
Did The Fed Intentionally Spark A Commodity Sell-off? The intention here is the bring facts to light so the public can decide. I’m not quite sure what to believe on how and why oil prices remain more than 50 percent below free cash flow break even for most independent E&P companies. I know for sure […]
The Real Long Term Threat To The Oil & Gas Industry
The Real Long Term Threat To The Oil & Gas Industry As oil prices continue their downward slide, most investors and firms are understandably eyeing prices, revenues, and exploration costs nervously. All that makes sense, as there is a good chance some oil firms will face liquidity crunches and restructuring over the next year. In […]
Does Arctic Drilling Have A Future With Sub $50 Oil?
Does Arctic Drilling Have A Future With Sub $50 Oil? Italian oil group ENI is expected to begin production from the Goliat Field off Norway in a few short weeks. The project, which has cost $5.6 billion, is expected to produce 34 million barrels of oil per year by the second year of production. Yet […]
Oil Price Collapse Triggers Currency Crisis In Emerging Markets
Oil Price Collapse Triggers Currency Crisis In Emerging Markets Emerging market currencies are getting slammed by the collapse in commodity prices, a downturn that has accelerated in recent weeks. The health of many middle-income and emerging market economies has been predicated on relatively strong commodity prices. A whole category of countries achieved strong growth by […]
Saudis Could Face An Open Revolt At Next OPEC Meeting
Saudis Could Face An Open Revolt At Next OPEC Meeting OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia’s role of guarantor of […]
Commodity Markets In Distress As Oil Rout Continues
Commodity Markets In Distress As Oil Rout Continues One hundred and eleven years after the birth of Count Basie, and the ongoing rout in the crude complex is in full swing today. Downhill one-way traffic continues amid headlines such as ‘No End in Sight for Oil Glut‘ and ‘Oil Poised for Longest Weekly Losing Streak Since 1986 […]
Why Oil As An Election Issue Is Bad News For Canada
Why Oil As An Election Issue Is Bad News For Canada When oil becomes an election issue it is rarely good news. After Joe Clark’s minority PC government was defeated in 1979 over gasoline taxes in a budget, the subsequent Liberal administration introduced the National Energy Program. In 2008, Ed Stelmach’s Alberta PCs campaigned on […]
Low Oil Prices Could Break The “Fragile Five” Producing Nations
Low Oil Prices Could Break The “Fragile Five” Producing Nations Persistently low oil prices have already inflicted economic pain on oil-producing countries. But with crude sticking near six-year lows, the risk of political turmoil is starting to rise. There are several countries in which the risks are the greatest – Algeria, Iraq, Libya, Nigeria, and […]
Low Oil Prices And China Pull The Rug From Under Latin America
Low Oil Prices And China Pull The Rug From Under Latin America When China sneezes, the world gets a cold. The world’s second largest economy is suddenly looking unstable, with economic growth slowing, the stock markets gyrating, and a surprise currency devaluation having taken worldwide markets by surprise. That could be bad news not just […]
Germany Struggles With Too Much Renewable Energy
Germany Struggles With Too Much Renewable Energy Since the 2011 Fukushima nuclear disaster, Germany has been one of the few countries that have successfully moved away from nuclear energy. Germany has so far successfully shut down its nine units that had the capacity of generating enough power for at least 20 million homes in Europe. […]
This Week In Energy: The Growing Threat From China
This Week In Energy: The Growing Threat From China Oil prices dropped to new six-year lows this week as WTI dipped below $42 per barrel. The big piece of news this week was the currency depreciation in China. It seems we are talking more and more these days about the warning signs coming from China’s […]
China Provides Another Threat to Oil Prices
China Provides Another Threat to Oil Prices First it was a stock market meltdown, now it’s a weakening currency. China continues to present significant risks to the oil market. On August 11, China decided to devalue its currency in an effort to keep its export-driven economy competitive. The yuan fell 1.9 percent on Tuesday, the […]
The Price Of ‘C’ In China
The Price Of ‘C’ In China Source: U.S. Department of Energy As the chart above indicates, since the end of World War II, the amount of carbon being leaked into the atmosphere has increased almost parabolically, with a brief pause around 1980 after the price of oil had come unhinged from its single digit moorings […]
