Tom Petrie, Chairman, Petrie Partners, joined Hart Energy from his office in downtown Denver to talk about several oil market trends and observations in this crucial moment in time for the industry. Just how long is that moment? Tom offers his insights on that and more, including re-inflation of energy, rigs going back to work, pipelines vulnerable to both policy and hackers, natural gas as a lower carbon emitter and intermittency issue that have yet to be addressed with credibility.
Tom was scheduled to present these observation and insight at the recently held DUG Permian Basin + Eagle Ford in Fort Worth. Unfortunately, he was unable to make it. But this is too good to miss, so we’re sending his presentation to you directly.
Topics covered in this video include:
- Global 2021 oil recovery trends
- Biden administration’s energy policy initiatives
- Market trends and the Platts American Gulf Coast Select Index
- OPEC and OPEC+ issues and headwinds
- Mixed messages on energy policy
- Geopolitical drivers
2023-02-03 - The EU's ban on Russian refined products will begin Feb. 5 with Russia saying it will unbalance markets.
2023-02-03 - The west was previously Russia's largest energy market but has sanctioned its energy exports since the country's invasion of Ukraine.
2023-02-03 - "Reinstatement of Dock 1 LNG loading services will allow Freeport to recommence normal LNG ship dockage and loading operations," according to the company's U.S. Federal Energy Regulatory Commission filing.
2023-02-02 - A surge in U.S. oil exports has pushed more and more barrels of crude from the Permian basin of West Texas and New Mexico to the port of Corpus Christi, the top U.S. oil export hub.
2023-02-02 - In 2022, Europe raced to fill gas storage with LNG imports; now its focus must turn to next year’s winter, top executives at Commonwealth LNG and Chesapeake Energy said Feb. 1 during a panel discussion at the NAPE summit in Houston.