Capitol Crude is live from CERAWeek by IHS Markit in Houston. On this special episode, we’re talking Permian output, which the International Energy Agency said Tuesday will fuel 40% of global oil supply growth over the next five years.S&P Global Platts senior editor Brian Scheid is joined...
On this week's Capitol Crude podcast we interview Ellen Wald author of the new book 'Saudi, Inc.: The Arabian Kingdom’s Pursuit of Profit and Power.' Wald talks about Saudi Arabia’s modest beginnings in the global oil market, the US role in developing Saudi's oil resources and the...
US oil refiners consider this year to be their best shot in a decade at reforming the Renewable Fuel Standard, and they are holding up a Philadelphia refinery as a poster child of what is wrong with the biofuel mandate.Two sides of the RFS reform debate go head-to-head in this week's Platts Capitol...
The Trump administration is considering sanctions on Venezuelan oil exports, but is worried they could bankrupt a refinery along the US Gulf Coast, a top energy adviser to President Donald Trump tells Platts Capitol Crude.On this week’s podcast, George David Banks, who stepped down as White...
It was chaos in the White House when George David Banks arrived at the White House, he tells Platts Capitol Crude. Banks, who stepped down as White House Special Assistant at the National Economic Council and National Security Council last week, talks Trump’s domestic energy policy, including...
US oil output is already shattering records and, fueled by dramatic growth in the Permian, is expected to exceed 11 million b/d by late this year. But hurdles, from pipeline and port constraints to refining differences, remain, Kenneth Medlock tells the Platts Capitol Crude podcast this week....
US oil output has exceeded 10 million b/d for the first time since 1970. What does this mean for diplomacy, sanctions and trade policy? Where is the US production ceiling now?On this week’s Platts Capitol Crude podcast, Sarah Ladislaw, director of the energy and national security program at...
Why Florida?On this week’s podcast, Senior Editors Meghan Gordon and Brian Scheid look at the Trump administration’s plan to open nearly all federal waters to oil and gas drilling and Interior Secretary Ryan Zinke’s sudden and unusual decision to exempt Florida from the...
On this week's Capitol Crude podcast we look at the implications of China’s first ever crude oil futures contract, expected to be launched in late March. The contract could bolster the standing of China’s currency and increase global oil market transparency while weakening the...
Gary Ross, founder of PIRA Energy and head of global oil analytics for S&P Global Platts, says oil at $80/b is possible in the near term.S&P Global Platts senior editors Meghan Gordon and Brian Scheid talk to Ross about the impact the Trump administration is having on the global oil market,...
On this week’s Capitol Crude, Senior Editor Brian Scheid looks at one of the greatest mysteries in the US oil industry.In 1986, Chevron, BP and two Alaska Native corporations drilled a single well about 15 miles from the remote Alaska village of Kaktovik. More than three decades later, it...
Where are oil prices, supply and demand heading in 2018? And how will Washington policy shape oil markets?Capitol Crude talks with three experts about where they think oil prices will be at the end of 2018, what factors will influence the market and what US oil policy issues will dominate.The...
US producers continue to fight against federal rules limiting methane emissions from oil and natural gas operations. The Trump administration has put an Obama-era methane rule on hold until 2019 as they draft another, likely weaker rule, but a major industry group has launched a methane emissions...
Capitol Crude gets a crash course in geology to understand the potential for Permian Basin operators to use recycled water when drilling wells.Pioneer Natural Resources is building a pipeline network to haul produced water that comes up from the drilling process to frack new wells. It hopes to...
Capitol Crude has an exclusive interview with Sheikh Mohammed bin Khalifa al-Khalifa, Bahrain’s oil minister, who sees a major crude supply crunch looming in the global market as investments dry up and US shale is likely to decline soon.Senior oil editor Brian Scheid shares more from the...
Is peak oil demand a myth? Capitol Crude goes to Georgetown University to debate how electric vehicles, technology, policy and petrochemicals (and more) will influence whether demand for crude oil will peak around 2030.Senior oil editor Brian Scheid fields arguments about the economics, policy...
This week’s Capitol Crude looks at efforts by congressional Republicans to open up the Arctic National Wildlife Refuge to oil and gas development. After decades of debate, drilling in ANWR appears closer than ever, but there are a lot of open questions and moving parts.Senior oil editor Brian...
We know US oil drillers can react quicker these days to rising prices and put new production online. But for the first time, a study has quantified US shale drillers' price responsiveness.Richard Newell, the study's lead author and former chief of the Energy Information Administration, spoke with...
Will Venezuela's oil sector — including PDVSA and Citgo — will be a help or hindrance as the country tries to restructure some of its crippling debt while also dealing with sanctions?Senior oil editor Brian Scheid talks with Risa Grais-Targow, director, Latin America, at the Eurasia...
Dan Eberhart thinks WTI, not Brent, should be the global benchmark for oil prices. Eberhart, CEO of Canary, a Denver-based drilling-services company, thinks the rationale which turned Brent into the world-leading oil benchmark is now outdated.He speaks with senior oil editors Meghan Gordon and...
The fate of the Iran deal has essentially been punted to the US Congress, so what is likely to happen (and not happen) as lawmakers evaluate a situation that could have impacts for global oil markets?Senior oil editors Brian Scheid and Meghan Gordon speak with John Hughes, former head of the State...
The 100-year-old Jones Act got a lot of attention after a brutal hurricane season, but could its role within the US energy industry change as crude oil and LNG exports increase?Senior oil editors Meghan Gordon and Brian Scheid hear from US Representative John Garamendi, Democrat-California, about...
Investment cycles can give clues about future oil market shifts, and recent slow investments are pointing toward a global crude shortage and price upticks, Jonathan Chanis tells senior oil editors Brian Scheid and Meghan Gordon.Chanis is senior vice president for policy at Securing America’s...
What happens if the US reimposes sanctions on Iran's oil sector without the support of Europe, China and Russia — all big players in the international energy landscape? Elizabeth Rosenberg, director of the energy economics and security program at the Center for New American Security, talks...
Capitol Crude's senior oil editors Brian Scheid and Meghan Gordon speak with Meghan O'Sullivan, author of the new book ‘Windfall: How the New Energy Abundance Upends Global Politics and Strengthens America’s Power.’ O'Sullivan talks about US energy independence, how Rex Tillerson...
The US will produce an average 9.25 million b/d this year and the number will continue to grow over the next few years, according to the US Energy Information Administration. When will US oil producers reach 10 million b/d? And what will determine whether — or how — that benchmark is...
Ahead of a possible United Nations Security Council vote Monday on an oil embargo to North Korea, Capitol Crude sits down with William Brown, an adjunct professor at Georgetown’s School of Foreign Service and an expert on North Korea.Senior oil editors Brian Scheid and Meghan Gordon talk with...
The US Energy Information Administration is losing its top career official, and senior oil editors Meghan Gordon and Brian Scheid spoke with Howard Gruenspecht before he departed. Gruenspecht, the acting administrator since January and deputy administrator since 2003, is departing for the MIT...
Capitol Crude celebrates its 150th episode with part two of a talk with Amos Hochstein, President Barack Obama's top energy diplomat. Senior oil editors Brian Scheid and Meghan Gordon focus on the future of the Iran nuclear deal — which Hochstein helped develop — and the radical changes...
US energy sanctions are back in the news with Russia and Venezuela, so senior oil editors Brian Scheid and Meghan Gordon talk to someone who's been there, done that: Amos Hochstein, President Barack Obama's top energy diplomat. Hochstein, who served as Obama’s special envoy and coordinator of...
