Our Blog
Back to Basics
Many energy observers were confounded when OPEC, Russia and 10 other nations (N/OPEC) announced the extension of oil production cutbacks, and prices fell. While this indeed seems counter intuitive, in a recent article in “Oil Voice” entitled “OPEC Extends Cuts, Oil Prices Fall: What it Means”, Art Berman offers his explanation. Berman has long contended… Read More
Why Producers Hedge
A hedge takes place when one party agrees to sell a volume of future production at a specified price and the other party agrees to buy it. Every party to every agreement has its own reasons for doing so. However, a recent article by Mark Young in “Oil Voice”, gives a clear and concise summary… Read More
Anadarko’s View
“World Oil” recently reported Anadarko CEO, Al Walker’s, views on short term oil prices, long term oil supply, natural gas, and NAFTA. He sees production cuts by OPEC, Russia and 10 other nations as being a positive force on oil prices, especially if they are extended into 2018. However, domestic shale producers will increase production… Read More
Future Shock?
Since the crude oil price crash of 2014, investment in energy projects has been significantly reduced, and some industry observers have warned that while relatively low prices and a global oil glut make investments in the short term-unattractive, they are imperative for supply and price stability in the long run. One of the most recent… Read More
LNG Update
The liquefied natural gas (LNG) facilities built, or being built, in the U. S. were licensed to only export to nations with which we had Free Trade Agreements in place. Since no such accords existed with China, exports to that country were typically only on a spot sale basis through brokers. While spot sales can… Read More
