Oil & Gas
Crude oil, natural gas, NGLs, LNG and refined products — the markets that move producer revenue.
Assessing the Trump Administration's Energy Tariffs and Global Trade Impact
The Trump administration has introduced a series of tariffs with significant implications for the global energy market. These measures, part of a broader s...
· Narciso Cano4 min read
Could There Be More Waha Price Pain Ahead: Then Pipeline Overbuild?
Permian gas prices face a turbulent road ahead, with stability likely only arriving once significant new pipeline capacity becomes operational in l...
· Jay Stevens2 min read
Canadian Gas Prices Have Suffered, Could That Change?
Prompt month AECO fixed price has trended downward since 2023, reaching the lowest price in over ten years this past summer Canadian gas storage is at c...
· Christian Drolshagen3 min read
Prices Say Natural Gas This Winter Is the Same as Last Winter. Is it worse?
The Winter ’24/’25 (Nov-Mar) natural gas strip is only 30 cents above where Winter ’23/’24 settled. Does this make sense? Just over...
· Jay Stevens3 min read
New Permian Gas Pipe Eases Pressure, but Kinder Maintenance Hits November Waha Basis
Permian gas prices received relief when a new pipeline came online in late September, but future maintenance will again reduce egress. Waha basis improved...
· Jay Stevens2 min read
Bakken Price and Fundamentals
Updated September 17, 2024 Bakken crude price differentials and production have been relatively stable over the past 12 months. However, an increase in ga...
· Rishi Rajanala5 min read
Waha Hub's 2024 Struggle: Egress Limits and Falling Gas Prices
Permian Basin producers are prioritizing oil operations, leading to an oversupply of associated gas and severe price declines at the Waha Hub. Limited t...
· Jay Stevens3 min read
Archive - News Updates for Natural Gas Basins
Natural Gas Basis Permian Haynesville Rockies Appalachia Permian (July 17, 2024) - DeLa Express has advanced its 69...
· Rishi Rajanala11 min read
2025 Henry Hub: Bullish and Bearish
While the first half of 2025, and especially the first quarter, could see loose supply-demand balances, fundamentals should tighten in the second half of...
· Christian Drolshagen2 min read
Why Hurricanes Now Pose a Bearish Risk to Natural Gas Prices
NOAA is expecting one of the most active hurricane seasons on record this year In previous decades, hurricanes had a bullish impact on prices by cutting...
· Christian Drolshagen3 min read
Gas-Fired Power Demand Growth from Data Centers Needs a Reality Check
Utilities, gas producers, and power authorities are saying new data centers will increase power demand While electricity load growth may be robust, natu...
· Christian Drolshagen4 min read
OPEC Watch: Most relevant developments
OPEC and allies struggled to come to an agreement over oil production quotas. However, OPEC, with its participating guest countries (collectively, OPEC+), ...
· Rishi Rajanala21 min read
NWP Rockies Basis Saw a Major Blowout in Early 2023. Is This the New Norm?
NWP Rockies basis prices settled $44.86/MMBtu in January 2023 Structural undersupply plus favorably timed weather led to a meteoric price spike Lower v...
· Ryan Alexander4 min read
US Diesel Demand Flashes False Warning
US distillate demand is far from the seasonal 25-year lows implied by data from the Energy Information Agency, a bearish warning indicator which has stoked macroeconomic fears among energy traders and economists alike.
· Zander Capozzola3 min read
Negative Gas Prices Return to the Permian as Overlapping Maintenance Looms
Natural gas prices at the Waha Hub in West Texas have been negative every day except two since March 12, meaning a producer could have had to pay to have their gas taken away. This situation is primarily driven by an ample supply of gas, pipe maintenance, and weakened demand.
· Rishi Rajanala2 min read
Renewables Growth to Hit Gas Demand
Additions of wind, solar, and battery generators could displace about 5 Bcf/d of power sector gas demand by the end of 2025 This may have a bearish impa...
· Christian Drolshagen3 min read
An Often Overlooked Price Component - NYMEX WTI CMA Roll
WTI CMA Roll hinges on the direction of the NYMEX WTI forward curve, which reflects the market's expectations about future oil prices The Roll represent...
· Rishi Rajanala2 min read
Permian to Gulf Coast Crude Pipelines Nearing Capacity. Will Bottlenecks Spur Takeaway Capacity Expansion?
Increasing supply from the Permian is nearing pipeline capacity limits, with utilization along the Permian-to-Gulf Coast route estimated at 90%, ...
· Rishi Rajanala6 min read
Declining Production Could Lift Gas Prices
Natural gas prices have declined sharply, prompting some producers to begin shutting in some production Declining output may have a significant impact o...
· Christian Drolshagen2 min read
LNG Export Approval Halt Unlikely to Dent Demand
Citing risks to the climate, the Biden Administration has paused the approval of new LNG export facilities The pause would not impact the next 10-12 Bcf...
· Christian Drolshagen2 min read
Propane Prices Face a Tough 2024
Propane prices may see additional pressure in 2024, even after a disappointing 2023 for producers. Robust supply, stagnant export capacity, and already-ele...
· Jay Stevens3 min read
Higher Seasonal Volatility is Possible as Reliance on LNG Exports Increases
LNG export demand will become an even larger component of US gas demand in 2025+ A maturing LNG market will result in demand swings between winter and s...
· Ryan Alexander3 min read
Impending OPEC+ Meeting to Address African Quota Disputes and Market Stability
So…
· Rishi Rajanala2 min read
Natural Gas Production Surges to All-Time High
Lower 48 natural gas production has reached a new all-time high of more than 105 Bcf/d Most of the production growth has been from Appalachia and the Pe...
· Christian Drolshagen2 min read