Posts Categorized: Articles

U.S. natural gas markets may be moving to a new equilibrium. In the future, natural gas markets could face more seasonality, higher volatility, and greater demand for seasonal storage. This dynamic is largely attributable to the growing role of liquefied natural gas, or LNG, in U.S. markets. With U.S. LNG… Read more »

It’s been tough times in Texas, as the ERCOT market has suffered from sustained electricity outages amid bitterly cold weather. Many individuals went multiple days without running water or electricity. While the full human and economic cost will not be known for some time, the winter storm/electricity outages have led… Read more »

Demand has been the most important element in crude oil markets the past year, due to uncertainty surrounding the COVID-19 coronavirus. That is changing. With the virus likely subsiding, crude oil demand is increasingly predictable: we expect domestic and international demand to continue to increase through 2021. Oil prices in… Read more »

As we’ve said from the beginning of the COVID crisis, the virus is the primary force shaping all oil and gas market outcomes. US mobility demand is highly likely to rise next year as herd immunity is reached through a combination of immunity from vaccination or infection. We expect life… Read more »

Over the past month, U.S. LNG has encountered something unfamiliar: a steady stream of (mostly) good news. Pfizer and Moderna have announced an apparent breakthrough in a vaccination for COVID-19, Northeast Asian markets continue to control COVID, European LNG demand is steady, and, finally, Chinese buyers have even inked an… Read more »

This has been a rough year, but there’s some great news in the fight against COVID. At least two vaccines (one from Moderna and the other from a Pfizer/BioNTech tie-up) appear highly effective based on preliminary results. Just as important, the two vaccines could be available for tens of millions… Read more »