With the Strait of Hormuz effectively closed, the current shock is a problem of supply for the oil and natural gas that are critical to the global industrial base. … READ MORE >
oil production
Market Minute: Reality check for oil prices and production
Whatever volatility occurs in oil prices in the coming days, it is critical to note that the potential for economic damage and lasting inflation is restrained. … READ MORE >
Attack on Iran puts focus on energy markets
The primary focus across markets will be on the 20% of global petroleum and liquified natural gas that flows through Strait of Hormuz daily and the price of Brent crude, which stood at $72.87 per barrel on Friday. … READ MORE >
Market Minute: U.S. oil producers facing headwinds as global supply grows
The futures prices of the benchmark West Texas Intermediate have fallen below $61 per barrel over the next 12 months on news that OPEC+ intends to increase production. … READ MORE >
Market minute: Drill, baby, drill and the 25% tariffs on steel and aluminum
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 >
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 >