Joseph
Markman
Hart Energy
Markets
Frac Spread: Gloomy Over NGL Outlook? Try To Constraint Yourself
Propane leads the dive among all NGL, as prices drop and margins tighten.
WTI Will Soar Above $70 By The End Of The Year. Here’s Why.
Demand from IMO 2020, a crazy-productive Permian and a midstream sector scampering to keep up will combine to fuel a red-hot industry in 2019.
IEA: Global Oil Supply To Swamp Demand Despite Output Cuts
The global oil market will struggle this year to absorb fast-growing crude supply from outside OPEC, even with production cuts and U.S. sanctions on Venezuela and Iran, the IEA says.
What’s Affecting Gas Prices? (Week of Feb. 12, 2019)
Warmer weather counters the polar vortex in demand, says Stratas Advisors.
The Latest
As Renewables Soar, BP Sees China Hitting Brakes On Energy Growth
China’s energy demand rose by 5.9% over the past 20 years but is set to grow by only 1% by 2040 as its economy shifts from energy-intensive industries to services and as Beijing introduces stricter rules on air pollution.
February 15, 2019
Saudi Arabia Shuts Part Of Safaniyah Oil Field After Power Cable Cut
Saudi Aramco has shut part of its Safaniyah offshore oil field after a main power cable was cut by a vessel’s anchor, a source familiar with the matter said on Feb. 15.
February 15, 2019
Brent Hits $65 As Production Cuts Fuel 2019 High
Brent crude oil briefly reached 2019 highs above $65 a barrel on Feb. 15 as OPEC-led supply cuts and this week's announcement of a higher than expected cut by Saudi Arabia encouraged investors.
February 15, 2019
HART ENERGY CONNECT: AEA President Talks Green New Deal
American Energy Alliance President Tom Pyle addresses what he calls the hot air coming out of Washington over the Green New Deal. He talks about setting the record straight on the "great story to tell" from the fossil fuels sector in cleaning up air quality in this interview with Hart Energy. In other news, U.S. oil production has already set a record in Texas and U.S. records are expected over the next two years. And, will WTI really go higher than $70s by the end of the year?
February 15, 2019
Frac Spread: Gloomy Over NGL Outlook? Try To Constraint Yourself
Propane leads the dive among all NGL, as prices drop and margins tighten.
February 14, 2019
Williams, Targa Pipeline Projects Will Link Conway To Mont Belvieu
Williams to build Bluestem pipeline and expand Overland Pass; Targa will expand its Grand Prix line and the companies have agreed to an option for Williams to invest in Targa’s new frac trains at Mont Belvieu.
February 14, 2019
Keystone Operator TransCanada Profit Beats On Higher Pipeline Demand
TransCanada's earnings from its liquids pipelines came in at $399.49 million compared with a loss of $699 million a year earlier.
February 14, 2019
Saudi Aramco Reportedly Selects Banks For Debut International Bond
Saudi Aramco, the world’s top oil producer, plans to issue its first international bonds in the second quarter of 2019, likely worth about $10 billion, Saudi Energy Minister Khalid al-Falih said last month.
February 14, 2019
WTI Will Soar Above $70 By The End Of The Year. Here’s Why.
Demand from IMO 2020, a crazy-productive Permian and a midstream sector scampering to keep up will combine to fuel a red-hot industry in 2019.
February 13, 2019
EIA: US Crude Inventories Rise To Highest In More Than A Year
The increase in U.S. crude inventories came despite falling net imports, which dropped to the lowest on record, as domestic oil production remained at peak levels.
February 13, 2019