Analyst: ‘Unloved’ Oil & Gas E&P is ‘Premier Permian Growth Story’

A Raymond James report made the case for revising its rating on this energy company. In an Oct. 22 research note, analyst Pavel Molchanov reported that Raymond James upgraded its rating on Occidental Petroleum Corp. (OXY:NYSE) to Strong Buy from Outperform to reflect the oil and gas company’s “unwarranted” stock underperformance against the backdrop of […]

Natural gas is winner for U.S., Louisiana

If we can fault the new administration in Washington on aspects of trade policy, the good news is that exporting of energy is something that President Donald Trump supports, and it is a policy that is good for Louisiana as well as the nation. Countries in Asia are huge consumers of Louisiana energy, particularly in […]

U.S. Shale Has A Glaring Problem

Oil prices are down a bit, but are still close to multi-year highs. That should leave the shale industry flush with cash. However, a long list of U.S. shale companies are still struggling to turn a profit. A new report from the Institute for Energy Economics and Financial Analysis (IEEFA) and the Sightline Institute detail […]

Technical Analyst: Oil Stock Looking Set to Break Higher

With a market crash drawing closer the only sector we will generally be buying at this time is the precious metals sector, which is about the only sector that has not participated in the “everything bubble,” and is extremely unpopular and beaten down, and has demonstrated that it will behave in a counter-cyclical manner, i.e., […]

Best way to punish Saudi Arabia: Drill, baby, drill

Donald Trump’s critics have wondered whether his slow response in condemning the Saudi Arabian government after the apparent killing of a Saudi journalist was that President Trump didn’t want the oil sheiks to retaliate by raising the price of oil. If that were his reasoning, it certainly wouldn’t be the first time U.S. Middle East […]

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 […]