Global

OPEC Sees Murkiness in Global Markets, but Clear-Eyed on Surging U.S. Liquids Output

OPEC Sees Murkiness in Global Markets, but Clear-Eyed on Surging U.S. Liquids Output

Global oil supply outside the cartel that makes up the Organization of the Petroleum Exporting Countries, i.e. OPEC, has recovered since contracting in 2016, but uncertainties remain about where the market may be headed through the rest of this year.

May 15, 2018
U.S. E&Ps Practicing Capital Discipline Even as Activity Climbs Onshore

U.S. E&Ps Practicing Capital Discipline Even as Activity Climbs Onshore

The global oil and gas industry has begun its second year of recovery, but capital spending only climbed last year by about half as much as originally budgeted, and it is poised to surge this year, according to a survey by Raymond James & Associates Inc.

April 10, 2018
E&P Ingenuity Elevates U.S. as ‘Undisputed Leader’ for Global NatGas, Oil, Says IEA

E&P Ingenuity Elevates U.S. as ‘Undisputed Leader’ for Global NatGas, Oil, Says IEA

The resilience of U.S. unconventional natural gas and oil from shale and tight resources has cemented the country’s position as the biggest producer in the world, even at lower prices, the International Energy Agency (IEA) said Tuesday.

November 14, 2017

OPEC Wants U.S. E&Ps to Share Responsibility for ‘Vicious’ Oil Cycle

The secretary general of the Organization for the Petroleum Exporting Countries (OPEC) is calling on U.S. unconventional producers to help reduce the global oil surplus.

October 11, 2017
Global Natural Gas Output, Demand Stall in 2016 on Weak Growth, Price Challenges, Says BP

Global Natural Gas Output, Demand Stall in 2016 on Weak Growth, Price Challenges, Says BP

Natural gas demand worldwide rose by only 1.5% last year, slower than the 10-year average, while production climbed a mere 0.3%, the weakest growth in almost 34 years, with U.S. output falling for the first time since the shale revolution, BP plc said Tuesday.

June 13, 2017

Lower 48 Oil Growth Potential Drag on Prices, Says IEA

U.S. producers, eager to get rigs back to work in the Lower 48, may be the drag on strengthening oil prices after global output increased to 9 million b/d in March from a trough of 8.6 million b/d last September, the International Energy Agency (IEA) said Thursday.

April 13, 2017

Oil, NatGas Prices Top Energy Concern as Disruptive Technologies Upend Outlook, Says World Energy Council

Shifting priorities of energy executives worldwide are putting more impetus on a lower-carbon future, while oil and natural gas price volatility remains the No. 1 “critical” uncertainty, according to the World Energy Council.

April 6, 2017
U.S. Onshore E&Ps Leading Charge in Global Spending

U.S. Onshore E&Ps Leading Charge in Global Spending

Global producers, led by U.S. operators, are opening their wallets again, but oil prices still may not be high enough to support sustainably stronger investments beyond 2017.

April 3, 2017

Major LNG Buyers Join Forces For Better, More Flexible Terms

Three top global liquefied natural gas (LNG) buyers have agreed to cooperate in the “joint procurement of LNG” as global LNG consumers continue to seek more flexible contract terms and favorable prices.

March 23, 2017

Energy Sector Enthusiasm Outweighs Recent WTI Price Correction, Say Analysts

Crude oil prices fell below $50/bbl last week, sharply impacting energy stocks, but the decline failed to shatter the send of optimism across the energy industry, considering oil prices were hovering around $35 a year ago, analysts said Monday.

March 13, 2017