Tag: U.S. Oil

May 29, 2020

Oil came under pressure on Friday, the last trading day of month, but it’s still on pace to post its best month in history as an uptick in demand as well as record supply cuts have pushed prices higher. West […]

February 17, 2020

The global energy sector is sick because of the coronavirus. But the disease could have its most deleterious effect on the U.S. oil and gas industries, given that the president is trying to pressure China to buy more U.S-produced fossil […]

December 17, 2019

The price of the U.S. oil benchmark, WTI, hit nearly a 3-month high on Monday reaching $60.21 per barrel on news that China and the U.S. agreed to Phase One of a trade deal. For months, oil prices have hinged […]

November 14, 2019

Along with slower global demand growth, surging U.S. oil production has been the primary bearish factor in the oil market. Per U.S. Department of Energy numbers, domestic crude output is at all-time records of 12.6 million b/d, some 80% of […]

April 19, 2019

With prompt month settling below $2.50 per MMBtu yesterday, U.S. natural gas prices have tanked to their lowest levels since June 2016. For April thus far, natural gas prices have declined 8-10%, sliced in half since their mid-November highs Importantly, […]

March 25, 2019

In the world of oil and natural gas, engineers, geologists, and drilling and production departments tend to get the lion’s share of the credit when good things happen, and most of the blame when they don’t. That’s fair, given the […]

December 11, 2018

China hasn’t bought a drop of U.S. oil for the last three months, just two months after a record-setting $1 billion in shipments. It’s part of China’s response to U.S. tariffs in the trade war being choreographed by President Xi […]

December 5, 2018

Donald Trump’s trade war with China is causing uncertainties in both the financial markets and the overall economy. To that end, the U.S. oil and natural gas sectors could get seriously hurt unless both sides can save face or one […]

November 13, 2018

When Donald Trump ran for the presidency on the slogan of “America First,” he either failed to consider or failed to convey the global realities in which we live: free trade is integral to global commerce, especially for U.S. oil […]

August 31, 2018

”We’re now seeing the impacts of the steel tariffs flow through and they’re affecting, of course, tubulars and other steel products that we use. We can see steel easily compared to last year would be 20% to 25% over last […]

August 21, 2018

As the Trump Administration re-activates sanctions on Iran and its crude oil exports, now seems a good time to assess the current state of the U.S. oil and gas industry: The overall rig count continues its slow rise. – The […]

May 14, 2018

Here are four big factors influencing the domestic oil and gas industry as the week begins: The rig count continues to escalate steadily. The DrillingInfo daily rig count sits at 1105 as of May 13, up 25 from two weeks […]

May 2, 2018

With the geopolitical risk factor firmly reinstalled into the market, oil prices have risen to four-year highs. Gasoline prices are up nearly 20% in the past year! This is noteworthy because U.S. oil (and gas) production has been soaring to […]

February 2, 2018

The relentless uptick in U.S. oil production, in light of firmer oil prices and industry efficiency gains, made it all but inevitable that the country would cap the 10 million barrels per day (bpd) mark at some point in the […]

January 19, 2018

U.S. Interior Secretary Ryan Zinke recently announced a leasing plan for 2019-2024 that would put more than 90% of the total Outer Continental Shelf (OCS) acreage and over 98% of “undiscovered, technically recoverable” oil/gas resources in federal offshore areas in […]

December 27, 2017

Now that Christmas has come and gone, and my stomach somehow remains full from all the pecan pie and sweet potatoes I filled it with on Monday, it is time to take a look back at the events of 2017 […]

December 21, 2017

So, for the oil and natural gas industry, what is the impact of the new tax bill just passed by congress? As for most other American businesses, the bill is a mixed bag of lowered tax rates and limited deductions, […]

November 30, 2017

When we think of disruptive forces in the global economy, we often think of technological breakthroughs. Of ever-tinier and more powerful computer chips; of medical miracles in implantable devices, surgeries or pills; of digital platforms that threaten the taxi industry, […]