As published in Forbes, read the article here. Quantitative easing (QE) was a response to the financial crisis. Under this policy the central bank buys government assets, and increasingly any assets, to support the economy. Previously in order to source funding, a government could sell bonds...
Oil prices are one of the few levers that can prevent future U.S. dollar appreciation. In a Forbes article written by Mark Le Dain, VP of Strategy, he discusses his view on how oil prices can help rebalance the system. Read more in the Forbes article...
Over the weekend OPEC agreed to a one-month extension to production cuts totaling 9.7 million bbls/d. The one-month timeline is shorter than the market is used to from OPEC, where they normally set longer-term goals and meetings. While the COVID crisis naturally requires a quicker...
Countries have been shut down and markets are reacting to an unprecedented situation. Concern for the global economy is far surpassed by the immediate concern for the safety of loved ones. In that regard, we thank those fighting the pandemic on the front lines and...
Multiple complications reported globally related to VLSFO Following the implementation of IMO 2020, there is evidence of multiple complications globally related to very low sulfur fuel oils (VLSFO). Recently, red alerts have been issued from VLCC owners specifically flagging the sediment, high catalyst fines, high calcium...
As crude quality becomes increasingly important, key risks to reliable product supply are market events that affect quality, rather than simply volume. Changes in crude quality supply expectations are happening more and more regularly due to heightened regulatory and social shifts, along with the ever-present...
Associated Gas and Growth Forecasts A key concern for future North American gas prices is associated gas, since this production wedge is less responsive to price. The main reason often cited is the Permian, where oil production appears to be economic enough to keep gas production...
Saudi Oil Attacks: The Quality Angle Recent attacks on Saudi Arabia have resulted in significant shifts in global crude qualities. Some of these shifts highlighted quality themes we've previously discussed in unexpected ways. The shifts also give us insight into the Kingdom's situation, and may suggest...
During Q2 we monitored conference calls and corporate disclosure to see how big a role product quality played in results and estimates. We were not disappointed by the results, with product quality considerations being mentioned across North America. Our team has highlighted some of the...
As we start to see Q2 reporting across the energy space, we expect many companies to directly address their product quality - either proactively, or in response to questions from the investment community. This marks a recent phenomenon, as stakeholders start to investigate how product...