FROM THE OIL PATCH
Mid-Year Forecast: International operators make their way forward carefully
Although global oil and gas demand has recovered much of the ground lost last year, there are plenty of question marks left in the market for operators to navigate, including ESG and renewables challenges. In the months following our February 2021 forecast, it initially appeared as though some stability was
U.S. shale drillers fear losing European gas orders to Russia
U.S. shale drillers are increasingly worried that swelling Russian natural gas exports will slash their European market share. American gas
U.S. Northeast Update: Appalachian Basin Gas Production Still Outpacing Pipeline Construction
The Northeast power grid is the most natural gas-dependent of all U.S. regions, and the Appalachian Basin is setting record
Fossil fuel extraction limits coming, says U.S. Interior Secretary
Interior Secretary Deb Haaland suggested a sharply limited role for fossil fuel extraction on U.S. federal lands and waters in her most expansive comments yet on the administration’s overhaul of oil and gas leasing. She said the review would seek to restore balance on uses of some 245 million acres
Frac-related earthquakes spur crackdown from Texas regulator
After six earthquakes rattled the Permian basin over the past 19 months, the Texas oil regulator is asking drillers to cut back on the amount of wastewater they’re pumping underground. Oil producers’ disposal of wastewater from fracking is probably contributing to seismic activity in an area of the Permian’s Midland
/cloudfront-us-east-2.images.arcpublishing.com/reuters/WYG5PSHAJROXNL2L3ZTKGMJ3RA.jpg "Goldman expects oil prices to hit by year-end as supply tightens")
Goldman expects oil prices to hit $90 by year-end as supply tightens
Goldman Sachs raised its forecast for year-end Brent crude oil prices to $90 per barrel from $80, as a faster fuel demand recovery from Delta variant and Hurricane Ida’s hit to production led to tight global supplies. Brent futures hit a near three-year high last week as global output disruptions
CRUDE OIL WEEKLY UPDATE (Week Ending 10-15-21)
Crude Oil Summary (EIA): U.S. crude oil refinery inputs averaged 15.1 million barrels per day during the week ending October 8, 2021 which was 0.7
NATURAL GAS WEEKLY UPDATE (Week Ending 10-15-21)
In the News (EIA): U.S. natural gas prices likely to remain elevated through the winter: In our October Short-Term Energy Outlook (STEO), we forecast that
Zekelman Industries Steel Snapshot for Oct 2021
(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts Oct HR Coil $1,960, up $3 from Sept. Sept Steel import applications up ~9% from
Preston Pipe Report – September 2021
(by Paul Vivian and Rick Preckel, www.prestonpipe.com) Market Monitor – Line pipe licenses so far in September (8 of 21 business days counted) are already
Pipe Logix Line Pipe Report – September 2021
(by Kurt Minnich, www.pipe-logix.com) Line pipe prices increased $80/ton or 3% in September with domestic prices up 2.6% and import prices up 3.5%. Seamless prices
AISI – Press Release on Latest U.S. Imports of Steel Products – October 2021
(American Iron and Steel Institute, www.steel.org – October 8, 2021) Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the
NAPCA Annual Convention
JW Marriott Hill Country Resort
San Antonio, Texas
