Frank
Nieto
Contributor
Frac Spread: Slow Ride
Hydrocarbon prices are improving, but at a slower rate than expected based on tailwinds.
OPEC, Allies Stumble Toward Deeper Cuts
Talks between oil producers for deeper cuts to production ran late into the night on Dec. 5 as OPEC officials took longer than anticipated to come to an agreement.
What’s Affecting Gas Prices? (Week Of Dec. 3, 2019)
Stratas Advisors expect a 24 Bcf withdrawal level for the U.S. Energy Information Administration's latest reporting week.
What's Affecting Oil Prices This Week (December 2, 2019)?
For the week ahead, Stratas Advisors expect volatile prices in light of the OPEC+ meeting.
The Latest
Crude Oil
China November Crude Oil Imports Hit Record High As Refiners Race To Use Up Quotas
China's crude oil imports hit a record high on a daily basis in November, as refiners operated at high run rates to use up annual import quotas.
December 8, 2019
Crude Oil
Iran Outlines Budget To Resist US Sanctions As Oil Exports Plunge
Iran's president presented a draft state budget of about $39 billion to parliament on Dec. 8, saying it was designed to resist U.S. sanctions by limiting dependence on oil exports.
December 8, 2019
Exploration & Production
Saudi Delivers Deeper Cuts As OPEC+ Oil Producers Back New Pact
Saudi with OPEC peers and allies led by Russia backed a plan that could see cuts of as much as 2.1 million barrels per day (MMbbl/d), Saudi Energy Minister Prince Abdulaziz bin Salman said.
December 6, 2019
Liquefied Natural Gas (LNG)
McDermott, Chiyoda, Zachry Group See First Liquid From Freeport LNG Train 2
Freeport LNG Trains 2 and 3 remain on schedule with Train 3 initial production of LNG scheduled for first-quarter of 2020.
December 6, 2019
Petrochemicals
Frac Spread: Slow Ride
Hydrocarbon prices are improving, but at a slower rate than expected based on tailwinds.
December 6, 2019
Crude Oil
OPEC, Allies Stumble Toward Deeper Cuts
Talks between oil producers for deeper cuts to production ran late into the night on Dec. 5 as OPEC officials took longer than anticipated to come to an agreement.
December 6, 2019
Crude Oil
OPEC, Allies Agree To Deepen Oil Output Cuts
Oil producers led by Saudi Arabia and Russia agreed on Dec. 5 to cut output by an extra 500,000 barrels a day (bbl/d) for the final three months of their deal to curb supply but stopped short of pledging action beyond next March.
December 5, 2019
Crude Oil
OPEC Ministers To Discuss Deepening OPEC+ Supply Agreement In Vienna
OPEC Ministers are meeting in Vienna to discuss extending or even deepening the current OPEC+ supply agreement, Stratas Advisors reported on Dec. 4.
December 5, 2019
Natural Gas
What’s Affecting Gas Prices? (Week Of Dec. 3, 2019)
Stratas Advisors expect a 24 Bcf withdrawal level for the U.S. Energy Information Administration's latest reporting week.
December 4, 2019
Marcellus–Utica Midstream
Midstream Executive Sees ‘Light At End Of Tunnel’
Speaking at the Marcellus-Utica Midstream Conference, The Williams Cos. said export demands will fuel need for additional supply growth through 2028.
December 4, 2019