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November 13, 2020

AEGIS Factor Matrices: Biden Administration

Like many other industries, energy has been much more dependent on the global economy rebounding from Covid-19 than on federal policy. Oil analysts at J.P. Morgan have asserted that “aside…

Nick Hillman

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Blog Natural Gas Popular

August 13, 2020

US Exports to Mexico Reach Record-Highs; “Wahalajara” System Nears Commercial Operations

U.S. exports to Mexico have touched record highs multiple times over the last 30 days, as flows through the West Texas corridor have been buoyed by the completion of pipelines…

Nick Hillman

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Blog Oil Popular

August 13, 2020

Will WTI Midland Keep Its Premium to Cushing?

Midland light-sweet oil prices have recently traded near parity with those at Cushing. This follows the peak pandemic-induced demand crash back in April that turned many price spreads on their…

Jay Stevens

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July 31, 2020

Midland Differentials Are Back to Normal, but Some Risk Remains

Our models predict a small premium to Cushing, but only if bottlenecks don’t emerge. After a shake-up this spring, Midland’s price differential to Cushing (Mid-Cush) is back to its pre-March…

Matt Marshall

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July 10, 2020

DAPL’s Future Uncertain; Deeper Bakken Price Discounts Possible

Update 7/14/2020: Dakota Access Pipeline may still operate after a stay was issued by an appeals court (read more here). On July 6, a U.S. judge ruled the Dakota Access…

Jay Stevens

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Blog Oil Popular

June 5, 2020

OPEC+ To Extend Cuts, Providing Short-Term Support For Markets

OPEC+ has agreed to extend production curtailments through July. Oil prices have risen sharply in response to the news, with crude trading just below $40 – the highest level in…

Nick Hillman

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May 29, 2020

OPEC+ To Discuss Extending Supply Cuts Past July

OPEC oil output has hit its lowest level in over two decades ahead of OPEC's meeting on June 9-10 to discuss the duration and magnitude of future production cuts. The…

Nick Hillman

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April 17, 2020

Hedge ‘Em Both. Oil and Interest Rates Have Unreliable Correlation

The theoretical, risk-reducing relationship between oil prices and interest rates is not observed in practice. Correlations have often been detrimental to the financial risk of energy producers. Recent charts make…

Rob Sabo

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Blog Natural Gas Popular

April 10, 2020

EIA: Natural Gas Production Will Fall 7 Bcf/d in 12 Months

The EIA significantly reduced their gas production forecasts in their April Short Term Energy Outlook (STEO). These forecasts reflect the first full month of changes after March’s oil-price collapse and…

Ryan Anger

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Blog Oil & Gas Popular

April 10, 2020

Haynes Boone: Banks’ New Price Assumptions May Affect Producers’ Lines of Credit

Law firm Haynes Boone surveyed banks before and after the price crash, and the surveys showed a severe drop in price assumptions in the calculations banks use to calculate loan…

Nick Hillman

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