With oil still the world’s most vital source of energy, and irreplaceable at large-scale, let’s take a look at some key happenings in the international oil market.
The Permian oil and gas production boom confronts pipeline issues, but make no mistake: the future remains very bright.
South Korea is quickly catching up with Mexico to become the largest buyer of U.S. LNG. But, the real action in future will be those nations where we have no free-trade agreement with, so U.S. policy must catch up.
More U.S. energy production, infrastructure, and exports are needed to counter the rising influence of OPEC, Russia, and China. Not that importing energy is a bad thing, but we want to be as self-sufficient as possible.
We all know about the U.S. onshore shale oil revolution, but in recent years offshore production has also been impressively rising.
U.S. natural gas production is now projected to significantly outpace U.S. gas demand in the decades ahead. Thus, given our export boom, we should be able to easily cover new needs and prices will remain low.
Our rebuilding of U.S. infrastructure begins producing more of the natural resources that we have beneath our feet. We must step into this moment: the energy sources of tomorrow will be more resource intensive than today.
Coal is not just stably and low priced but also highly reliable and resilient, with the ability to be stored on-site and retain extremely high availability factors. That has proven to come in handy especially during times of extreme cold, like we just …
Coal-based China wants to use more natural gas, and increasingly the U.S. will be able to supply it.
Always keep up-to-date in the natural gas market. Things happen very quickly, and gas is becoming the go-to fuel not just here in the U.S. but around the world because it has lower emissions.
The investment in new oil development and production is a constant endeavor. That’s because new oil demand is a constant reality. Have sunken investments set us up for a price spike down the road?
After a series of delays, Dominion Energy shipped out its first LNG cargo from its $4 billion Cove Point terminal in Maryland. This is just another step in the rapid transformation for the U.S. natural gas business that will increasingly transform the …
The Trump administration’s 25% tariff on imported steel and 10% on imported aluminum is a big problem for all Americans because it’s a big problem for our booming oil and gas industry that is now producing at record levels.
In reality, fossil fuel investments are very safe: they have no scalable replacements and new technologies are making them increasingly sustainable.
Let’s take a look at some key trends to watch out for in the oil market this year.
Mexico’s 2013 Energy Reforms were as a significant achievement as any in decades for this country of 130 million people. Despite a presidential election coming in July, the deregulation should hold, even though the front-runner has criticized it.
High demand winter seems to be slipping away, but natural gas prices can still increase during the lower demand season of Spring.
The collapse of California’s oil industry stands in stark contrast to the U.S. industry overall, which has been soaring to heights not seen in 50 years thanks to the shale revolution.
U.S. crude oil production continues to reach historic highs, and policy support can help buffer the rising influence of Russia and OPEC on the global market.
The truth is that a new wave of coal plants is coming around the world, and more U.S. exports of coal and clean coal technologies can help reduce energy poverty while also reducing emissions.
More oil and natural gas invalidate the “Keep It In The Ground” movement, and new investments in development are ongoing and actually rising.
Prompt month natural gas has reached 13-month highs, so let’s take a look at what’s going on.
Electric cars are a rapidly growing market, and this will clearly mean more coal and natural gas to power them up.
The benefits of the new offshore oil/gas plan for the U.S. are huge and multi-faceted.
Hedging future production is an important strategy for oil and gas producers, and helps ensure future supply. Companies in Appalachia use it as a way to fight against price volatility at local hubs.
Once again, the latest “Polar Vortex” exposed the problems of the anti-pipeline business in the Northeast. This is a massive problem for a region that is increasing using more natural gas yet doesn’t produce any itself. The need for more pipeline capac…
Natural gas is the reliable, flexible energy source we need to bring more wind and solar power online. Gas can be ramped up in a matter of minutes to compensate for their natural intermittency.
Natural gas prices have significantly declined, and the current upside to the market isn’t great.
The U.S. has become too reliant on outside nations for the key minerals needed for the future energy and technology world. Fortunately, we have the reserves to change this and become more self-sufficient, just like we have for oil and gas in the past d…
Let’s close out the year with a few graphics on the U.S. oil market. Many sides to this story, but know that our own rising production is the lid on prices.
The winter is natural gas’ time to shine, and demand can double over summer. Let’s get some thoughts on gas prices as we stand at the beginning of the heating season.
The world is much more poor that most Westerners realize, and limiting energy options cannot be a goal.
Oil prices were up but have fallen down a bit again. Extending the OPEC, non-OPEC production cut agreement beyond March 2018 is an obvious necessity.
It’s taken a while of course, but U.S. natural gas prices have started to rise right at the start of the winter heating season, where demand can double from summer to up over 140 Bcf/d.
Pennsylvania’s Marcellus shale gas play offers huge environmental and economic benefits for the entire nation.
Sunken prices and an economic spiral has left Venezuela’s oil sector in the lurch and that’s a problem for the entire global oil market.
The Clean Power Plan was heavy handed regulation that was trying to accomplish what the free market is already accomplishing: significant declines in U.S. power sector CO2 emissions.
Hurricanes in the Gulf region are more significant for U.S. crude production than they are for U.S. natural gas production, with Nate lowering output more so than Harvey.
A combination of factors have converged to make U.S. WTI crude oil significantly cheaper than Brent, and American crude exporters are enjoying the benefits.
LNG exports from the U.S. to the world deserve policy support, as they help us and help a mostly poor world get more access to modern, clean energy.
Natural gas prices have been pretty flat staying below $3, but a colder winter amid a lower-than-normal storage level could quickly change that and install $4 gas again.
Propping up uneconomical nuclear power plants with subsidies is governments choosing winners and losers and is unwise energy policy.
U.S. natural gas prices will remain extremely low for a very long time. And importantly, more production and exports will help us solve many of the world’s energy and climate challenges without increasing our own prices, so they must be supported.
The global LNG market continues to change, so let’s hit some key graphics to help Americans better understand this market – a market that we will continually make a splash into.
Led by the great Utica shale play, Ohio is emerging as one of the most import U.S. natural gas states of them all. Fact is: as our power system continually turns to gas, we only have 10 significant gas producing states. So, thanks Ohio!
Unlike gasoline, the impact of Harvey on natural gas prices has been highly limited. In future, storms in the area will indeed be bearish for pricing via demand destruction. An article dedicated to the great people of the Gulf.
The U.S. gas market is our fastest growing and most dynamic major energy market. Gas has been our main source of power and is the required backup for wind and solar power. There’s perpetual value in analyzing where the gas market stands at any given mo…
For analyzing the oil market, stick to the fundamentals. These are the most vital of all possible words: “oil demand is significantly increasing.”
Mexico’s road to shale gas will be long and winding, but we know that the resource is surely there. Given the shift to using gas over oil, significant production is essential the country’s energy future.
While U.S. crud oil production has surged, our imports have also remained very high. Given the complicated inner workings of the oil market, however, and the fact that Canada is increasing our main supplier: don’t fret.
Always keep up to date on the natural gas market: gas is the most dynamic major fuel, with ever increasing demand. And the developing nations are just now starting to get access to gas.
Nigeria faces serious oil production problems, but a gradual rebound is starting. The huge economic potential of Africa’s largest nation is undeniable and should make oil companies want to help out.
Asia is easily the world’s most vital incremental gas demand market. And U.S. LNG is highly desirable in the region.
By exporting more oil and natural gas, the U.S. has a very unique opportunity to buffer the rising influence of Russia.
The global LNG market is perhaps the fastest growing major energy market in the world. It’s constant rise stems from a constantly globalizing world and the increasing desire to use natural gas to lower greenhouse gas emissions and support intermittent …
A variety of factors are increasingly critical to today’s and tomorrow’s oil market. Let me illustrate just a few.