The spot price of 5.5-inch diameter North American steel pipe, used by drillers to extract oil, has soared more than 20% over the past month. … READ MORE >
oil production
Hurricane Beryl highlights the rising risks to U.S. oil and gas production
Climate change is producing larger and more frequent storms. Making supply chains and production more resilient is no longer an option but a necessity. … READ MORE >
Geopolitical tensions and the rising oil risk premium threaten global recovery
Global oil markets are pricing in a risk premium of $7 to $10 a barrel in the wake of Iran’s drone attacks on Israel over the weekend, posing the single largest risk to the current global economic recovery. … READ MORE >
This week in energy: FERC cybersecurity investment rule, oil prices, Canada wildfires
In this week’s energy industry roundup, we examine a new federal rule that allows certain electric utilities to recover cybersecurity investment costs, the bearish oil market and the impact of wildfires in Canada. … READ MORE >
This week in energy: Surprise OPEC+ cuts, energy project legislation, electricity demand growth
We examine the aftermath of the OPEC+ surprise cut announcement, a proposed bill to expedite energy projects, and transmission constraints on electricity demand growth. … READ MORE >
This week in energy: Solar headwinds, Willow project, Gulf Coast LNG
In this week’s energy industry roundup, we examine headwinds for the solar industry, the Willow oil project in Alaska and liquefied natural gas facilities along the U.S. Gulf Coast. … READ MORE >
This week in energy: OPEC+ cuts, battery factories, carbon capture
RSM professionals look at some of the latest news in the energy industry. … READ MORE >
Oil prices and price gouging: Deconstructing the price of gas
The impact of global market forces like the war in Ukraine and OPEC far outweighs whatever influence retailers or refiners have on the prices that consumers pay at the pump. … READ MORE >
This week in energy: Global market turbulence, Canada’s oil outlook, energy transition
In this week’s energy industry analysis, we take a look at the energy market implications of unrest in Kazakhstan, a strong outlook for Canada’s 2022 oil production and the continued importance of environmental, social and governance issues in the energy transition. … READ MORE >
Chart of the day: With oil prices elevated, will U.S. production follow?
Our model of the relationship between wholesale gasoline futures and retail gasoline prices implies a decline of 15% to 20% from the current national average of $3.36 per gallon. … READ MORE >