The worst of the coronavirus induced oil crash seems to have bottomed out as storage inventories saw fairly dramatic drawdowns in the final weeks of May, a reversal of events from the past several months. Such relief may be all but eliminated in the ensuing week as an influx of nearly fifty million barrels of foreign crude oil is about to reach the U.S. Gulf and West coasts. The volume of incoming crude may offset most of the production cuts generated by domestic operators and extend low oil prices until the inventories can be worked back down.
The Assault on the Petro-Dollar – Additional Information
President & CEO of RARE PETRO, Anthony D. McDaniels, sat down with Kathryn Mills of The Crude Audacity Podcast to discuss the assault on the PetroDollar LIVE on Facebook and YouTube. It was an energetic discussion on today’s Global Oil Market and what it means for the strength of the American Oilfield, American Energy Security, and American Global Influence. While their conversation was lively, it was not quite long enough to dive deep into the complex intricacies fueling this Oil War. Check out our analysis below!
Crude Benchmarks and Price Spreads: How Market Intervention Creates Disconnect Between Regional and International Crude Prices
Speculator sentiment towards future pricing of commodities can create a wedge between regional and benchmark prices even though they are based on the same supply-demand principles. As long as financial markets continue to buoy WTI futures, these price spreads will continue to widen.
Natural Gas Rebound Poised for Recovery Before Crude Oil: Why the Market has Priced Electricity and Liquid Fuel Demand into Commodity Prices
The dual black swan events of the COVID-19 pandemic and oil price war have created a unique analytical opportunity within petroleum products as the strip price for natural gas is showing larger percentage increases than crude or NGLs because the market is pricing in the assumption that continued electricity demand will not fall as quickly as the oversupply of natural gas.
Marcellus Shale News Pulse March 2020
The Marcellus Shale| March 2020 Field Overview The Marcellus Shale is the largest gas play onshore in the US. Located in the Northeast, it supplies the high demand markets along
Powder River Basin News Pulse March 2020
The Powder River Basin| March 2020 Field Overview The Powder River Basin, known for its coal deposits, is located in Southeast Montana and Northeast Wyoming. The basin is named so
Bakken News Pulse March 2020
The Bakken Shale| March 2020 Field Overview Named after Henry Bakken, the farmer who owned the land where oil was originally discovered, the Bakken Shale is located in North Dakota,
DJ/Niobrara News Pulse March 2020
The DJ/Niobrara Basin| March 2020 Field Overview Located mainly in the Northeast of Colorado, the Denver-Julesburg Basin consists of five main oil-producing formations: Niobrara sections A-C, Codell, and Greenhorn. These
OPEC+ Cuts – A Sigh Without Relief
Members of the group dubbed OPEC+ have (nearly) come to an agreement upon global production cuts, but the market has failed to respond. Does this spell disaster for the industry?
Marcellus Shale News Pulse February 2020
The Marcellus Shale| February 2020 Field Overview The Marcellus Shale is the largest gas play onshore in the US. Located in the Northeast, it supplies the high demand markets along
Bakken News Pulse February 2020
The Bakken Shale| February 2020 Field Overview Named after Henry Bakken, the farmer who owned the land where oil was originally discovered, the Bakken Shale is located in North Dakota,
California News Pulse – January 2020
California | January 2020 Field Overview California, with both onshore and offshore oil production, has been supplying the U.S. with petroleum products since the 19th century. Operations are primarily focused
Marcellus Shale News Pulse January 2020
The Marcellus Shale| January 2020 Field Overview The Marcellus Shale is the largest gas play onshore in the US. Located in the Northeast, it supplies the high demand markets along
Bakken News Pulse January 2020
The Bakken Shale| January 2020 Field Overview Named after Henry Bakken, the farmer who owned the land where oil was originally discovered, the Bakken Shale is located in North Dakota,
SCOOP/STACK News Pulse – December 2019
The SCOOP/STACK Basin | December 2019 Field Overview Ranking 6th in oil production and 3rd in natural gas production, the SCOOP/STACK play is one of the largest fields within the
Bakken News Pulse December 2019
The Bakken Shale| December 2019 Field Overview Named after Henry Bakken, the farmer who owned the land where oil was originally discovered, the Bakken Shale is located in North Dakota,
Powder River Basin News Pulse December 2019
The Powder River Basin| December 2019 Field Overview The Powder River Basin, known for its coal deposits, is located in Southeast Montana and Northeast Wyoming. The basin is named so
Marcellus Shale News Pulse December 2019
The Marcellus Shale| December 2019 Field Overview The Marcellus Shale is the largest gas play onshore in the US. Located in the Northeast, it supplies the high demand markets along
DJ/Niobrara News Pulse December 2019
The DJ/Niobrara Basin| December 2019 Field Overview Located mainly in the Northeast of Colorado, the Denver-Julesburg Basin consists of five main oil-producing formations: Niobrara sections A-C, Codell, and Greenhorn. These