Adam Sieminski, CFA with Deutsche Bank, believes the potential for global oil demand to be even lower than the most bearish of current forecasts. "We expect this will prompt OPEC into further action at some point in 2009. However, we are reassured by the ongoing flattening in the crude oil curve, which we expect will help lift oil prices into the second quarter," he says. According to the EIA report, lower 48 states wet gas production was unchanged from November to December at 63.4bcf/d, against Deutsche Bank's expectations of 64bcf/d. The gas storage draw last week was somewhat less than might have been expected had the relatively strong draw from the week before continued on trend. "We believe these offsetting developments have left gas stuck near USD4/mmBtu," he says.
2023-10-10 - Poole will assist W&T to build upon their safety and environmental record, according to the company.
2023-09-05 - Pickering Energy Partners announced a team led by Barclays investment bankers Robyn Underwood and Jason Kivett has joined their investment banking practice.
2023-10-19 - Cactus CFO Stephen Tadlock will serve as the CEO of the company's recently acquired Flexsteel spoolable technologies segment.
2023-09-08 - Arash Nazhad has been appointed managing director of Moelis & Co.’s newly created Clean Technology Group.
2023-11-09 - W&T Offshore’s quarterly dividend comes as the company continues to follow its free cash flow generation strategy.