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...
Thousands of market participants, companies, individuals and governments, track US crude inventories. These weekly inventory levels remain the best data point for market participants to gain a relatively current view on the global supply and demand balance. If inventories are building it means the market...
It has been a complaint for the last several years that the capital markets have become inefficient for oil and gas companies, particularly in Canada. We can see how this could happen, as interference in any sector from stakeholders and governments is bound to result...
As oil & gas technology professionals, we often find ourselves in discussions on whether oil and gas companies should build software in-house or buy third-party solutions. Outlined below are many of the pros and cons that entities should consider. In-House Solution Benefits Building in-house software can...
In commodity markets, the thing you expect to happen is often the exact opposite of what occurs. This lesson has been taught to industry veterans time and time again, and the impacts of IMO 2020 are another great example. In future weeks we plan to...
The value of WTI at Cushing, Oklahoma is the benchmark for crude prices in North America. It is also the primary input into CME Group’s NYMEX Light Sweet Crude Oil contract, often referred to as WTI. Although it's often called the WTI contract, WTI is...