Daily Brief, Monday, April 6th
Kurt and Cameron discuss the expanding OPEC+ negotiations, Canada's emerging role in production cuts, and the API's support (or lack thereof) for the broader oil industry.
Kurt and Cameron discuss the expanding OPEC+ negotiations, Canada's emerging role in production cuts, and the API's support (or lack thereof) for the broader oil industry.
Kurt and Cameron review all the developments in Washington, Moscow and Riyadh this week, and what they mean for the emergency OPEC+ meeting on Monday.
World Oil makes a digital shift, Trump shows off his ability to make dramatic moves in the oil market, and OTC goes dark for 2020.
Kurt and Cameron cover action on many fronts in Washington, Saudi Arabia fires their opening salvo in the oil price war, and Texas regulators share their demand projections.
Trump and Putin talk about the oil market, and the Saudis make a move to increase cash reserves while prices reach another constant-dollar low. Click here to see the tariff survey content discussed in today's show. Click here to read Kirk Edwards' op-ed in the Odessa American....
Kurt and Cameron summarize the week's market moves, discuss reaction to Wayne Christian's op-ed, and finish off reviewing results of the tariff survey. To subscribe to World Oil's daily newsletter, click here: https://www.worldoil.com/newsletter-sign-up
We've been talking a lot about production lately, so today we'll take a look at what's happening with oil demand, and the resulting need for storage options for all the extra crude.
Kurt and Cameron talk about market prices, Wayne Christian's op-ed, and the opinions of service companies and operators regarding intervention in the oil market.
Is there really a "free market" for oil? Kurt Abraham and Cameron Wallace review the industry's opinion on a tariff, and whose interests the API pursues in their latest communications. View the API commentary Kurt references here: https://tinyurl.com/sbucjm4 See the World Oil historical oil price chart here: https://tinyurl.com/uj6zlck
Kurt and Cameron discuss the week's oil price swings, and the developing palace intrigue at Texas' oil regulator as a commissioner is invited to the next OPEC meeting after suggesting a joint agreement to reduce oil production.
Trump shares his thoughts on oil prices, some analysts see single-digit prices in the future, Occidental's debt falls to junk status, and more.
Kurt Abraham shares preliminary results of the World Oil import tariff survey, discusses the travails of the stock market, and more. To learn more about the survey, please click here: https://www.worldoil.com/news/2020/3/18/world-oil-launches-oil-import-tariff-survey-early-results-show-clear-trends
With WTI crude exploring record lows in inflation-adjusted dollars, Kurt Abraham talks about how today's prices compare to previous downturns in the industry.
In today’s show, World Oil magazine’s Editor-in-Chief, Kurt Abraham, leads an oil price summary for the week and compares the current decline to other downturns, in inflation-adjusted dollars. He also talks about gauging industry interest in pursuing a tariff on Saudi crude imported into the United States.
Does the coronavirus offer a prime opportunity for Russia and Saudi Arabia to team up against U.S. shale producers? Or, as international oil analyst and author, Mr. Simon Watkins, explores in today's show, is this a "last throw of the dice" for the Saudis? To find Mr. Watkins' latest book, An Insider's Guide to Trading the Global Oil Market , please visit https://www.amazon.com/Insiders-Guide-Trading-Global-Market/dp/1912741024/ref=sr_1_1?keywords=An+Insider%27s+Guide+to+Trading+the+Global+Oil+M...
Kurt Abraham, World Oil magazine’s Editor-in-Chief, joins the show to talk about the latest oil price developments, the promises of increased production from Saudi Arabia and Russia, how the UAE may hike output, and what options the U.S. has to respond with a fee on imported crude.
In today's episode: We look at what a market oversupply means for America's status as a net crude exporter; Russia threatens another production hike, while simultaneously keeping the door open for another OPEC deal; Saudi Arabia is doing their part to drive oil prices down by declaring another production increase of their own.
On today’s show, World Oil Editor-In-Chief, Kurt Abraham, takes a look at some of the drivers behind previous collapses in the price of oil, and discuss how the fallout from last week’s OPEC+ meetings are impacting prices now.
Research and development is the lifeblood of the energy industry’s digital transformation and decarbonization initiatives. From supermajors to service companies, significant engineering and financial resources are being dedicated to the development of new technologies. Tax benefits are in place around the world to help incentivize these types of R&D developments, and the opportunities they present are not all the same. Joining us on The Daily Brief today from business performance consulting ...
In today's episode: Chevron’s CEO says it won’t follow in the footsteps of other supermajors “aspirational” climate change goals; Oil prices stopped their recovery, as Russia’s delegate walked out of the OPEC Plus meeting in Vienna this morning; And, a consensus seems to be building on Wall Street around a coming contraction in global oil demand. Today's episode of The Daily Brief is sponsored by Siemens. Visit www.siemens.com/oilandgas to learn more about Siemens’ engineering services and techn...
In today's episode: Exxon and Chevron's CEOs are looking at a challenging week for earnings results on Wall Street; Oil prices held on to gains, as a key OPEC committee looks set to recommend higher production cuts for the group's meeting on Thursday; The managers of Alaska's $67 billion sovereign wealth fund are not pleased with a key bank that's opposed to Arctic drilling projects; We'll take a quick look at the role R&D tax credits can potentially play in meeting energy transition goals; ...
In today's episode: Oil is climbing again, on signals that OPEC and central bankers may be ready to prop up financial markets; OPEC production is sinking, thanks to a combination of careful planning and events outside the group's control; An election in Guyana will determine who holds the purse strings in the suddenly oil-rich nation; Two of the worlds largest energy conferences were canceled yesterday, after the World Health Organization raised its virus threat level. Also, today we welcome Sie...
In today's episode, we look at what the coronavirus is doing to Chinese gas demand, and the rare steps China is taking in response; gas prices in the U.S. fall to a four-year low; and oil holds around $50 in spite of OPEC's inaction.
Integrating people, processes and technologies is a complex challenge in modern offshore drilling operations. From the operator's standpoint, finding a baseline of reliability and certainty to maximize rig operational time is a primary goal. At Baker Hughes' 2020 Annual Meeting in Italy, we spoke with Chuck Chauviere, the company's Vice President of Subsea Drilling Systems, about how new technologies are driving predictivity into drilling actions, and helping to build the baseline of reliability...
Digitalization is a critical tool for oil and gas companies, as they work to improve both production efficiency and compliance with climate change goals. While these new, interconnected systems expand across the exploration and production cycle, security risks are growing right along with them.Joining The Daily Brief today is Michael Porier, Managing Director with business and technology consulting firm Protiviti, to talk about cyber security risks, and how companies can mitigate these risks in ...
Guyana's recoverable reserves jump with a new discovery, Texas voters will have an outsized impact on climate change, and we put a number to the barrels at risk to the coronavirus.
Oil hits a two-month low as the Asian virus threatens demand; one of the best-known shale bankers tells Houston to embrace the energy transition; continued Mediterranean tension has tankers piled up off Libya's coast.
At Davos, energy chiefs tout CO2 capture technologies while Greta Thunberg slams progress; the U.S. shale industry has already peaked for service companies; and oil claws back some recent losses following prolonged unrest in Libya.
One of the three energy forecasting agencies is completely wrong, the EU considers military intervention as Libyan oil output stops, and Republican lawmakers plot their own 'green' strategy to reach young voters.
DUC declines reflect a slowdown in U.S. shale, oil advances on Trump's trade agreement, Turkey's Mediterranean drilling plans raise tensions in the EU, and more