On this week’s Platts Capitol Crude we look at a plan by Congress to lease unused space in the US Strategic Petroleum Reserve to private companies and foreign governments. We talk to Congressman Joe Barton, a Texas Republican, former chairman of the House Energy and Commerce Committee and...
President Donald Trump recently signed into law expanded powers for the Committee on Foreign Investment in the United States. The inter-agency group led by the Treasury secretary reviews outside investment in US companies for potential national security threats. Refineries, upstream oil and gas...
Out with NAFTA, in with the US/Mexico trade deal. The agreement reached last week between Washington and Mexico City appears to include a provision the US oil and gas industry saw as critical to protecting investments in the newly opened Mexican upstream. Joshua Zive, a lawyer and trade expert at...
US Senator Tina Smith, Democrat-Minnesota, joins Capitol Crude to share how President Donald Trump’s biofuel policies and trade wars are playing in the Midwest ahead of the November midterm elections. In Iowa this summer, Trump said he would approve year-round E15 sales “very...
US lawmakers in both chambers of Congress have proposed a raft of new sanctions to counter Russian interference in US elections and alleged use of banned weapons. Most of the bills target energy trade or investment, whether it's Russian joint ventures with western oil companies or the Nord Stream 2...
Colorado voters will decide in November whether to expand land setbacks for oil and gas wells. We spoke with Dan Eberhart, CEO of Denver-based oilfield services company Canary, about how the proposed rule could limit the state’s production potential. Eberhart, whose company manufactures...
Criminals used to evade US energy sanctions. Now, longtime US allies and trading partners likely will, Richard Nephew, a senior research scholar at the Center on Global Energy Policy at Columbia University, tells the Platts Capitol Crude podcast. In Part 2 of our interview with Nephew, he...
On today’s S&P Global Platts Capitol Crude, we’re talking about the impact of Iran sanctions on oil prices and future global supply. Richard Nephew, a senior research scholar at the Center on Global Energy Policy at Columbia University, talks about how Iran may mitigate the price...
The US is on the verge of becoming a net oil exporter, a market shift unthinkable just a few years ago. On this week's Capitol Crude, John Auers, an executive vice president at Turner, Mason & Company and a refining sector expert, talks about the changing path towards US energy independence and...
The US Energy Information Administration expects Venezuelan oil production to sink below 1 million b/d by the end of this year and fall to 700,000 b/d by the end of 2019. EIA analyst Lejla Villar, who developed those forecasts, joins Capitol Crude to talk about the staggering collapse of...
The clock is ticking down on the return of US sanctions against Iranian oil customers, but the messages coming out of Washington still seem to be in flux. Will all countries have to cut their imports to zero if they want to continue to have access to the US financial system? Or will some waivers be...
Will US President Donald Trump agree to weaken or lift sanctions during an historic summit with Russian President Vladimir Putin? Only Trump likely knows. On this week’s Capitol Crude, Daniel Fried and Bill Richardson discuss the likelihood of sanctions negotiations at the upcoming summit....
A major US driller delivered a message to OPEC last week in Vienna, urging the oil ministers to increase production to prevent a price spike that would damage both groups and trigger yet another boom-and-bust cycle. Scott Sheffield, chairman of Pioneer Natural Resources, said the conditions are set...
Ahead of this week's OPEC meeting, we talk to the last US official to attend an OPEC meeting. Kent Hance, a member of the Railroad Commission of Texas and a former US congressman, attended an OPEC meeting in Vienna 30 years ago. He thinks Trump administration officials should look to working with...
What will impact the global oil market more: the collapse of Venezuela’s oil sector or the US exit from the Iran nuclear deal?On this week’s Capitol Crude, Meghan Gordon and Brian Scheid talk with Amy Myers Jaffe, director of the Council on Foreign Relations’ energy security and...
US Treasury Secretary Steven Mnuchin has called energy trade a rare bright spot in trade relations with China and has called for a nearly sixfold increase in American energy exports. Is that realistic?This week, Meghan Gordon and Brian Scheid talk with Jane Nakano, a senior fellow with the energy...
Faced with staggering oil costs, the US Navy once launched an effort to innovate how it fuels its fleet with biodiesel and other alternatives.But without $100/b oil, the innovation effort may never get serious, according US Navy Admiral Jonathan Greenert. On the latest Capitol Crude, Greenert, who...
Iran threatened to shut down the Strait of Hormuz back in 2012. Now that the US is exiting the Iran nuclear deal, will the threat to shut downthe world’s busiest oil chokepoint return?On the latest episode of Capitol Crude, US Navy Admiral Jonathan Greenert, the Chief of Naval Operationsfrom...
On today’s Capitol Crude we’re talking oil piracy, sanctions busting and petroleum’s black market in international waters.Ian Ralby, founder and CEO of I.R. Consilium, and David Soud, head of research and analysis at I.R. Consilium, talk with Brian Scheid about the state of...
US sanctions against Iranian oil buyers go back into force in early November, and the Treasury Department has instructed countries to make significant cuts to their imports in the next six months to be considered for potential sanctions relief. But much is unknown about how the Trump administration...
California, 16 other states and the District of Columbia have sued the Environmental Protection Agency challenging the Trump administration’s move to weaken fuel economy standards for 2022-2025 model year cars and light trucks.John Gioia, a member of the California Air Resources Board, joins...
Iraq is working to sharply expand its oil export capacity despite its agreement as part of OPEC to hold back supply. Those ambitions could get an unexpected boost from US President Donald Trump’s exit from the Iran nuclear deal, if reimposed sanctions take Iranian barrels off the market.Iraq...
Geopolitical risks are flaring up across the globe, raising the prospects of oil supply disruptions. Has the market priced in these risks adequately? And what role is US shale supply playing?Veteran analysts Joe McMonigle of Hedge Risk Management and Kevin Book of ClearView Energy Partners weigh in...
Jeff Barron and Mason Hamilton, petroleum markets analysts with US Energy InformationAdministration, talk about New Mexico, America’s new oil powerhouse. Why is New Mexico moving up the US’ oil output rankings? What’shappening with Alaska, North Dakota and Texas? US crude is also...
Why are US gasoline exports to Mexico breaking records? Why are Canadian crude exports to the US Gulf Coast climbing? What about Keystone XL?Mason Hamilton and Jeff Barron, petroleum markets analysts with the US Energy Information Administration, join the podcast to discuss North American oil and...
As the US government continues to sell off hundreds of millions of barrels from its crude oil stockpile, a new report argues that the Trump administration should start building reserves of gasoline, jet fuel and other refined products.Phillip Cornell, the author of the study, joins the podcast to...
On this week’s podcast, Matt Reed, vice president of Foreign Reports, tellsMeghan Gordon and Brian Scheidabout the Saudi Crown Prince Mohammed bin Salman’s trip to the US. Can Saudi Arabia be allies with both the US and Russia? What will happen to the Iran nuclear deal with a May 12...
Venezuela’s oil sector is in freefall, but where will it stop?On this week’s podcast, Francisco Monaldi, the Latin American energy policy fellow at Rice University's Baker Institute for Public Policy, tells Meghan Gordon and Brian Scheid that Venezuelan output may decline another...
How has the growth of US oil production impacted US diplomacy? On the sidelines of CERAWeek in Houston, Capitol Crude talked with government officials and analysts on how the United States’ evolving role in the global oil market is changing how it views the rest of the world and how the rest...
It's Day 2 of CERAWeek by IHS Market and we’re again talking Permian. The shale play is seeing the most explosive growth in the world, but could a lack of pipeline and port capacity hinder future output?On this special episode of Capitol Crude, Neil Atkinson, the head of the International...
