Archive for the ‘Oil Prices’ Category
The Federal Reserve Bank of Kansas City’s third-quarter energy survey revealed accelerated growth in energy activity in the Tenth District, while expectations for future activity remained high.
WoodMac: Upstream investment needs to rise 20% to meet future demand growth
October 29th, 2018 by Latest News
Spending on worldwide oil and gas developments needs to increase by about 20% to meet future demand growth and ensure companies sustain production over the next decade, according to recent research from Wood Mackenzie.
In its October Short-Term Energy Outlook, the US Energy Information Administration forecast that US crude oil production will average 11.8 million b/d in 2019, which is 300,000 b/d higher than the forecast in its September STEO.
IEA moderates global oil demand outlook
October 22nd, 2018 by Latest News
The International Energy Agency has moderated its global oil demand outlook, according to its October Oil Market Report. IEA now forecasts a growth of 1.3 million b/d for 2018 and 1.4 million b/d for 2019, respectively, a reduction of 110,000 b/d for b…
US demand for natural gas is projected to reach an all-time high this winter, but soaring production will ably satisfy demand, resulting in flat pressure on prices compared to last winter, the Natural Gas Supply Association said in its 18th annual Wint…
Trump misfires in tweet on OPEC and oil prices
October 1st, 2018 by Latest News
For US President Donald Trump, the tweeted blurt has become a signature tool of policy expression.
According the latest monthly statistics report from the American Petroleum Institute, US petroleum demand in August, led by motor gasoline, distillate, and refinery feedstocks, increased to 20.8 million b/d, up 250,000 b/d from July. This was the stron…
Asian LNG trading hubs
October 1st, 2018 by Latest News
For LNG to develop as a proper global commodity, globally trusted hubs are in need to be established. These hubs provide physical locations for trading LNG and ultimately provide price discovery for LNG sold in the hubs.
Thanks to stronger distillate margins and favorable crude differentials, refining and marketing companies’ earnings will increase by 13-15% through the end of 2019 and the growth will likely persist beyond 2020. This is according to an analysis from Mo…
Second-quarter results benefited from higher oil prices, production
September 25th, 2018 by Latest News
A sample of 60 US-based oil and gas producers and refiners recorded a total net income of $14.44 billion in this year’s second quarter compared with $6.45 billion in the previous year’s second quarter. Collective revenues totaled $263.64 billion for th…