Global demand for oil and natural gas is likely to continue growing for the foreseeable future, although talk of an impending oil price “supercycle” has proved premature for now, a panel of experts agreed Friday. For the next five years, “We have a very constructive view on oil demand,” said ConocoPhillips chief economist Helen Currie…
Articles from Pricing
Ovintiv Inc.’s multi-basin portfolio across North America primarily is focused on crude and condensate, but with around 1.5 Bcf/d of natural gas output, there are lots of options available depending on the direction of commodity prices, CEO Doug Suttles said last week. Speaking with his management team during a third quarter conference call, Suttles said…
The Natural Gas Supply Association (NGSA), which counts among its members some of the world’s largest gas producers and marketers, said Tuesday it supports carbon pricing “as a critical pathway to aggressively reducing carbon emissions.”
Goldman Sachs on Friday reduced its forecast for natural gas and liquids prices for 2020-2021 because of the unrelenting onslaught in Lower 48 supplies and, barring a cold winter, lower demand.
Intercontinental Exchange Inc. (ICE) said Tuesday it plans to launch a physically delivered Permian West Texas Intermediate (WTI) crude oil futures contract in Houston.
The global oil supply is tightening, and markets should move closer to balance by the end of this year, but it’s too early for “any improvement in price” to affect exploration investments because operator confidence and balance sheets still need to be repaired, Schlumberger Ltd.’s operations chief said Tuesday.
Expectations for natural gas prices to strengthen this year are falling, with a multi-year low possible as strong production from the Marcellus and Utica shales overruns demand until at least 2017, according to analysts.
Schlumberger Ltd.’s CEO said Thursday increased efficiencies are now the focus of onshore operators, hungry for technologies that reduce costs and improve production.