Posts Categorized: Articles

Let’s rewind the clock by one year. WTI was nestled comfortably at $52/barrel, crude exports were booming, and there were over half a dozen projects intent on building export terminals capable of handling Very Large Crude Carriers (VLCCs). Today, WTI is on the wrong side of $40/barrel (and after considerable… Read more »

Since we discussed NGL supply in the Permian basin last month, let’s deep dive into another key basin – the Appalachia. Covid-19 is hitting the oil and gas sector as rig counts are falling on reduced associated gas production from wet shale plays. Where does the Appalachia go? Where we’ve… Read more »

With Liquefied Natural Gas (LNG) prices trading near historic lows, there’s been some chatter about whether or not a natural gas equivalent to the Organization of Petroleum Exporting Countries (OPEC) will form. Geopolitical factors alone render the formation of an Organization of Gas Exporting Countries (OGEC) extremely unlikely, while technical… Read more »

Crude oil markets seem to have stabilized after oversupply in Spring, but the future appears uncertain. End-product demand has stabilized but is not recovering as quickly as some hoped, as inventories of crude products such as gasoline, jet fuel, and diesel saw builds in the week ending May 29th. Oil… Read more »

Crude storage levels rise as Saudi crude hits shores Commercial crude stocks rose due to temporary factors – namely, the unloading of Saudi crude tankers. A disastrous storage max-out does appear less probable, demand for finished products remained soft, as gasoline demand rose only slightly while diesel consumption fell. Jet… Read more »

Commercial crude stocks fell last week across most of the country, as a disastrous storage max-out appears less and less probable. Still, demand for finished products softened as gasoline demand fell while inventories rose. Diesel inventories continued their sharp ascent even while distillate demand is close to 5-year averages. As… Read more »