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Oil Price Optimist
“World Oil” reports that Andy Hall, a well-known hedge fund manager with Astenbeck Capital Management, defies the prevalent oil market mood of gloom and doom. While he admits that times are tough, he does not see that current situation as a replay of the busts of 1998 and 2008. Yes, prices have dropped by more… Read More
Soft Global LNG Demand
“World Oil” cites analysis by the consulting group, Wood Mackenzie, which indicates that in spite of weak demand and possible oversupply, a large number of additional LNG projects are still being considered. This is in stark contrast to 45 major upstream project cancellations. Current global LNG capacity is around 250 million tons per annum (MMtpa)… Read More
Shale Operators New Swing Producers
For some time now many industry observers have speculated that U. S. shale operators are becoming the new “swing producers” in the world oil market. “World Oil” recently cited remarks by Olivier Appert of the French Committee of the World Energy Council, who has added his voice to the chorus. Until the 1970’s the global… Read More
Iran’s Plans
“World Oil” reports that Iranian Oil Minister, Bijan NamdarZanganeh, has stated that his country will raise its oil production just as soon as internationally imposed sanctions are lifted. He contends that failing to do so would mean permanently relinquishing market share. Among OPEC countries, Iran was second only to Saudi Arabia in terms of production… Read More
Global Energy Deals
When oil prices started collapsing in late 2014 many industry observers speculated as to when a wave of mergers and acquisitions (M & A) in the energy sector would begin. According to a recent article in “Rigzone” the move toward combinations is now in full force. With prices now about two-thirds off their highs of… Read More
