Rebalancing the global oil glut is going to take more than a temporary pullback by the world’s largest producers because U.S. unconventional production is overwhelming any shortfall and coming back faster than anticipated, the International Energy Agency said.
Glut
Articles from Glut
Appalachia, Montney NatGas Projects to Western Canada Signal One Outcome: Big Glut
Three natural gas pipeline projects to Western Canada, two from Appalachian shale country and one from the Montney Shale, await approval to move forward, but if all three were to pass muster, it could be the worst possible outcome for shippers, an analysis indicates.
October 12, 2016
Canada Oilsands Industry in Need of New Markets
A glut of light oil supplies from tight oil fields into the Midwest has depressed regional prices, making it imperative for Canada’s oilsands producers to find alternative markets for their product, consultancy IHS CERA said in a Jan. 14 report.
January 15, 2013
Drilling Down for More Transparency
With persistently low prices and a production glut, U.S. natural gas markets are in flux. Keeping track of the ups and downs in production data, as rigs move to more oily plays, which in turn affects output and pipeline capacity, can be a challenge for market forecasters.
June 27, 2011
Drilling Down for More Transparency
What’s actually happening “in the ground” challenges natural gas production forecasts.
June 27, 2011
Shale Could Prompt Alaska Gasline Rethink
The shale-driven natural gas supply glut in the Lower 48 states has prompted ConocoPhillips to reassess its part in the Denali Alaska gas pipeline project with BP plc, CEO Jim Mulva said in Houston as reported by the Financial Times.
October 4, 2010
Shale Glut Gives Alaska Gasline Backer Pause
The shale-driven natural gas supply glut in the Lower 48 states has prompted ConocoPhillips to reconsider its participation in the Denali Alaska gas pipeline project with BP plc, CEO Jim Mulva said in Houston.
September 29, 2010
Producer: $6 Gas Necessary to Halt Production Drop
Canadian production declines are part of a continent-wide trend that has the potential to cut the North American natural gas supply glut by 5-8 Bcf/d next year, according to Richard Moorman, strategic analysis manager for Houston-based Southwestern Energy Co.
November 23, 2009
Canadian Output Said on Steady Decline
Deteriorating Canadian natural gas supplies will do their gloomy bit toward drying up the North American gas glut for at least another year, a member of the National Energy Board (NEB) predicted last Wednesday.
November 23, 2009
$6 Gas Necessary to Halt Production Drop, Producer Says
Canadian production declines are part of a continent-wide trend that has the potential to cut the North American natural gas supply glut by 5-8 Bcf/d next year, according to Richard Moorman, strategic analysis manager for Houston-based Southwestern Energy Co.
November 23, 2009
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