Petrochemicals

Petrochemicals , Crude Oil

Opinion: Recovering Oil Demand Could Drive Market into Deficit by July

Similar recoveries in fuel consumption are expected at varying rates across the globe as countries gradually emerge from lockdown and are likely to push the oil market into supply deficit in the third quarter.

May 15, 2020

Petrochemicals , Crude Oil , Storage

US Crude Oil Stockpiles Unexpectedly Drop for First Time Since January

Stocks in Cushing fell by 3 million barrels in the last week, the EIA said. The hub, coming into this week's data, is more than 80% full, as producers find themselves with fewer places to store oil.

May 13, 2020

Petrochemicals , Crude Oil

EIA: US Oil Demand Set to Crash by 2.2 Million bbl/d in 2020

Meanwhile, U.S. crude production is expected to fall 540,000 bbl/d from last year's record high to 11.7 million bbl/d in 2020, compared with the EIA's previous forecast for a decline of 470,000 bbl/d.

May 12, 2020

Petrochemicals , Crude Oil , Shale Plays , Storage

Falling Diesel Use Makes US Oil Industry ‘Like the Snake Biting Its Own Tail’

William Thomas, CEO at EOG Resources Inc., said May 8 on an investor call that the "historic and prolific oil production growth by U.S. shale may have been forever altered."

May 8, 2020

Business , Petrochemicals , Crude Oil , Trade , Storage

On the Money: Anxiety over Crude, Product Inventories

There is fear that crude and product inventories held in storage will be filled to tank tops in the near term.

May 1, 2020

Petrochemicals , Natural Gas liquids (NGL) , Natural Gas , Frac Spread , Crude Oil , Storage

Frac Spread: NGL Prices Rise, but Outlook Joyless

The gloomy forecast will falter if COVID-19 passes quickly and the global economy recovers its appetite for hydrocarbons.

April 2, 2020

Petrochemicals , Natural Gas liquids (NGL) , Natural Gas , Frac Spread , Crude Oil , Storage

Frac Spread: Shale Shares Misery Down Value Chain

NGL price collapse deprives oil and gas producers who leaned on associated liquids when crude struggled.

March 26, 2020

Petrochemicals , Natural Gas liquids (NGL) , Natural Gas , Frac Spread , Crude Oil , Storage

Frac Spread: Worst Week Ever For NGL Prices

Aftershocks of Market Meltdown Monday continue, with collapsing oil prices dragging down NGL and complicating export markets.

March 19, 2020

Petrochemicals , Natural Gas liquids (NGL) , Natural Gas , Frac Spread , Crude Oil , International , Storage

Frac Spread: Oil Fight Hits NGL Prices Hard

Hypothetical barrel tumbles to four-year low with tightly squeezed margins.

March 12, 2020

Petrochemicals , Natural Gas liquids (NGL) , Natural Gas , Frac Spread , Crude Oil , Storage

Frac Spread: Viral Woes For Oil, Gas, NGL Prices

Volatile global crude markets weigh down the rest of oil and gas commodities.

March 5, 2020