Opinion

Asia Will Contribute 54% of Global Refinery Fluid Catalytic Cracking Units Capacity Additions by 2022, Says GlobalData

Asia is forecast to be the major contributor to the growth of the global refinery fluid catalytic cracking units (FCCU) industry between 2018 and 2022, accounting for around 54% of the global planned and announced refinery FCCU capacity additions by 2022, according to GlobalData, a leading data and analytics company. The company’s report: ‘Global Refinery […]

Easing of energy regulations boosts U.S. oil production

The Interior Department last month unveiled final revisions to an Obama-era rule aimed at curbing methane emissions from oil and natural gas operations on federal lands. The Environmental Protection Agency also recently announced proposed improvements for the 2016 New Source Performance Standards designed to ease regulatory burdens on domestic energy producers. The improvements will modify […]

The Changing U.S. Energy Trade Balance is Still Dominated by Crude Oil Imports

During the past decade, the U.S. trade gap for energy products has narrowed. From 2003 to 2007, the value of energy imports was about 10 times greater than the value of exports. By 2017, imports were only about 1.5 times greater than exports according to data from the U.S. Census Bureau. The primary U.S. energy […]

Natural Gas Risky Business: What, Me Worry?

Natural gas storage is at record low levels but prices are falling going into winter heating season. Markets seem to be betting that wellhead supply will be sufficient to cover demand this winter. That may be but at what gas prices? This is a game of natural gas risky business. Natural gas 6-month calendar spreads […]

Significant UK Shale Gas Role Still a Long Way Off, Says GlobalData

Following today’s announcement that Cuadrilla Resources will start fracking operations at its shale gas exploration wells in Lancashire, Will Scargill, Senior Oil & Gas Analyst at GlobalData, a leading data and analytics company, offers his view on the prospects for the sector: ‘‘Although beginning fracking is an important step for Cuadrilla, we’re still a long […]

Rystad Energy: New Research Shows That Oil Markets Could be Stabilized

Rystad Energy has over the last year developed a model to give a more realistic simulation of the cyclical behavior of the oil price. The model has correctly predicted the oil price increase seen over the last months. Now it shows that the oil price will be highly volatile going forward, but also that a […]

Hello, Michael: Beware The Resiliency Of The U.S. Oil And Gas System

“The natural gas industry has made significant strides to improve safety and crisis management during natural disasters. The muted impacts of Hurricanes Harvey and Irma on the oil and gas market exemplify how far the industry has come in supporting infrastructure resilience and reliable supply,” Black & Veatch, 2017 I doubt there’s anything in our […]

The emerging U.S. energy powerhouse

The United States is emerging as the world’s energy powerhouse. Two months ago, the United States became the largest producer of crude oil. Exports of crude oil, oil products and natural gas are rising rapidly. The “keep it in the ground” movement is losing ground. U.S. crude oil production in August reached 10.8 million barrels […]

Oil Price Rally Boosts Electric Car Sales

Tesla’s competition is about to get more crowded next year with many legacy automakers and luxury brands launching a record number of battery electric vehicles and plug-in hybrids. All EV makers will have one common element that could help lift demand for battery vehicles—rising oil prices leading to fuel prices at four-year highs, which could […]

S&P Global Platts Factbox: One-Month Countdown to US Sanctions on Iran’s Oil Buyers

Iran’s oil buyers have a month to halt their trades or risk getting banned from the US financial system for violating secondary sanctions that return November 5. Oil prices continue to be supported by the deadline and the hard-line enforcement expected by the administration of President Donald Trump. Front-month ICE Brent futures settled above $86/b […]