The U.S. Energy Information Administration lowered on Tuesday its 2023 natural gas Henry Hub price by 30.5%, according to its latest Short Term Energy Outlook (STEO).The EIA now sees the 2023 natural gas price at Henry Hub at $3.40 per MMBtu, down from $4.90...
Month: December 2022
Rigzone | EU and G-7 impose price caps on Russian petroleum products
Freight wagons carrying oil and fuel at a petroleum products terminal in Riga, Latvia, on Feb. 2, 2023.Bloomberg | Bloomberg | Getty ImagesThe West's latest attempt to ramp up its oil war against Russia may cause some market dislocation, but some energy...
Epoch Times | Closing Prices for Crude Oil, Gold and Other Commodities (Feb. 6)
Benchmark U.S. crude oil for March delivery rose 72 cents to $74.11 a barrel Monday. Brent crude for April delivery rose $1.05 to $80.99 a barrel. Wholesale gasoline for March delivery rose 5 cents to $2.37 a gallon. March heating oil fell 1 cent $2.77 a...
OilPrice.com | Will OPEC+ Abandon Its Output Cuts Amid Soaring Chinese Demand?
A strong rebound in China’s oil demand this year may lead to the OPEC+ group reconsidering its production targets and quotas, according to the International Energy Agency (IEA). China’s reopening is putting upward pressure on global oil demand, and half of this...
Enverus | Analyst takes: 6 January energy trends you need to know
With January 2023 now in our rearview mirror, we wanted to take a moment to look back at some of the key analyst takes on energy trends published by our Enverus Intelligence® | Research (EIR) team. By evaluating the effects of these factors, you’ll be better...
Monday Madness: Feb 6 ’23
In this episode Tavis covers a significant rig decrease, how to skirt EU sanctions, and Russia's blooming friendship with India. CLICK YOUR PREFERRED STREAMING PLATFORM TO LISTEN TO THE PODCAST Other Episodes Audio Transcript Alrighty everyone, welcome back! Excited...
OilPrice.com | Analysts Predict 42% Decline In Russian Oil Production By 2035
Last year, against all odds, Russia managed to grow its oil output despite being hit with tough sanctions, a plethora of oilfield service companies exiting the country as well as the refusal by western countries to buy its crude for the most part. Indeed,...
OilPrice.com | Is The Fed Finally Winding Down Its Fight Against Inflation?
Is the Federal Reserve easing off the accelerator on its inflation fight?The answer depends on whether you believe your eyes or your ears.Our eyes tell us the Fed is slowing down on rate hikes.After easing back from a 75 basis point hike in November to a 50...
Enverus | 2023 mineral and royalty market outlook report
Phillip Dunning Phillip currently serves as director of product management for Minerals at Enverus. Prior to joining Enverus in early 2016, Phillip worked as an A&D engineer in the Appalachian Basin and later as a managing director at an upstream private...
Rigzone | Europe is set to ramp up its oil war against Russia with products ban
The European Union's ban on Russian oil product exports is slated to kick in on Feb. 5.Picture Alliance | Picture Alliance | Getty ImagesEurope is once again poised to ratchet up the pressure on Russia's oil revenues, seeking to deplete President Vladimir...
Rigzone | Sanctions on Russian crude oil have ‘failed completely,’ oil analyst says
The G-7, the EU and Australia implemented on Dec. 5 a cap on Russian oil prices.Bloomberg | Bloomberg | Getty ImagesSanctions imposed on Russian crude oil have so far "failed completely" and new price caps could prove immaterial as well, analysts told CNBC.The...
Thirsty Thursday: An Inventory Report (2/2/23)
Previous Reports Welcome to this week's Thirsty Thursday: An Inventory Report. As we delve into the latest oil and gas data, let's first take a break with a refreshing cocktail - the Paper Plane. This balanced blend of Bourbon, Aperol, Amaro Nonino, and lemon juice is...