Posts Categorized: Blogs

LNG is almost out of the summer from hell, but Fall and Winter exports still face uncertainty. Downside risks include European gas storage levels well above 5-year storage levels and the ever-present risks of COVID resurgences throughout key export markets in Europe and Northeast Asia. On the other hand, some… Read more »

Continuing with our NGL Benchmarking series, this month let us take a deep dive into another key basin – the Bakken. A drop in crude prices due to the COVID19 and OPEC price war has hit Bakken shale basin hard, with ~0.7 Bcf/d and ~0.4 Million Bpd drops in gas… Read more »

Don’t look now, but there could be danger ahead for U.S. crude. As we’ve said since the beginning of this crisis, demand is driving market outcomes, and COVID-19 is driving demand. As of this writing, COVID-19 infections are surging across the country (and globally), as new 7-day averages of U.S…. Read more »

These are tough times for U.S. LNG exporters and Global LNG markets in general. Natural gas inflows to U.S. export terminals serve as a proxy for exports, but stand at only 3.9 Bcf/d, down from 9 Bcf/d in late March. Obviously, LNG exports are buffeted by the COVID-19 demand shock… Read more »

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 »