Ashley
Petersen
Stratas Advisors
Saudi Arabia Tells Oil Market It Has Ability To Keep Customers Supplied
As oil prices drop on Sept 17, sources say full repairs were still expected to last until at least the end of October.
What's Affecting Oil Prices This Week (September 16, 2019)?
As expected, Brent lost momentum at the end of the week. The International Energy Agency’s latest Oil Market Report revealed their expectation that rebalancing would need to continue through 2020 based on current stock levels and lackluster demand growth.
UPDATED: Oil Prices Surge Nearly 20% After Attack On Saudi Facilities Hits Global Supply
Oil prices surged more than 15% to their highest level in nearly four months as markets open after an attack on Saudi Arabia's oil facilities on Saturday that knocked out more than 5% of global oil supply.
Global Spare Oil Capacity In US Hands After Saudi Outage
An attack on Saudi oil facilities on Saturday will cut the kingdom's output by 5.7 million barrels per day, or more than 5% of global oil supply. making the United States the only real holder of the global supply cushion via its ability to raise own output or to soften sanctions against other major oil producers.
The Latest
Exploration & Production
Saudi Arabia To Fully Restore Oil Output By End Of September
Energy Minister Prince Abdulaziz bin Salman said oil production in October would be 9.89 MMbbl/d and that the world’s top oil exporter would ensure full oil supplies to customers this month.
September 17, 2019
Business
Pioneer, Chevron Call On Industry, Others To Tackle Permian Basin Flaring
The amount of gas flared has steadily increased, for the most part, in the Permian Basin as oil production has risen in recent years.
September 17, 2019
Crude Oil
Saudi Arabia Tells Oil Market It Has Ability To Keep Customers Supplied
As oil prices drop on Sept 17, sources say full repairs were still expected to last until at least the end of October.
September 17, 2019
Natural Gas
Cheniere And EOG Resources Reach Long-Term Gas Supply Agreements
Under the GSAs, EOG has agreed to sell natural gas to Cheniere over a period of approximately 15 years beginning in early 2020, with the quantity starting at 140,000 MMBtu/d and increasing to 440,000 MMBtu/d.
September 17, 2019
Crude Oil
Opinion: Hedge Funds Turned Bullish On Oil Before Saudi Attacks
Before the attacks on Saudi Arabia's oil installations on Sept. 14, hedge fund managers had started to become more bullish, or at least less bearish, about the prospects for oil prices amid hope for a trade truce between the United States and China.
September 17, 2019
Liquefied Natural Gas (LNG)
Expansion, Investment And Futures Trading Herald LNG Growth
Major commodity exchange to begin trading as billion of new capital pour in.
September 16, 2019
Crude Oil
Perry Calls Oil Market Robust After Attack On Saudi Plants
Department of Energy is ready to respond if a release from the Strategic Petroleum Reserve is needed, he says.
September 16, 2019
Crude Oil
Opinion: Will Hard Lessons Of Saudi Oil Attack Be Learned?
Ramping up tensions with a country like Iran invites a counterpunch, says Reuters columnist.
September 16, 2019
Crude Oil
What's Affecting Oil Prices This Week (September 16, 2019)?
As expected, Brent lost momentum at the end of the week. The International Energy Agency’s latest Oil Market Report revealed their expectation that rebalancing would need to continue through 2020 based on current stock levels and lackluster demand growth.
September 16, 2019
Liquefied Natural Gas (LNG)
LNG Ltd. To Supply Gas To Vietnam From Louisiana Project
The deal comes at a time when LNG Ltd. has been struggling to lock in sales agreements for its Magnolia project due to the U.S. trade dispute with China.
September 16, 2019