A new proposal to clarify and expand U.S. sanctions on the Nord Stream 2 pipeline has been just introduced in the U.S. Senate. But the proposal is only one from a series of difficulties the NS2 pipeline has been currently facing. We look at the options Russia has for NS2 completion. Continue Reading
The oil glut and the unprecedented drop in demand, along with plummeting oil prices due to the coronavirus pandemic, is revealing the strengths and weaknesses of oil firms globally. We look at four NOCs, Ecopetrol, Petrobras, Petronas and Pemex, and consider the current crisis. Continue Reading
Exiting Covid-19 shutdowns and one of the sharpest drops in oil and gas industry operations in history will require fortitude across the related oilfield services (OFS) businesses. In this conversation with Bernard Duroc-Danner, we explore the shifts in strategic visions for the OFS businesses and thoughts about how the OFS segment must restructure itself. Continue Reading
Iron and steel production are necessary for modern infrastructure, and the sector is both energy intensive and difficult to decarbonize. New processes are evolving that could change this, and potentially provide both environmental and economic benefits across nations. Continue Reading
Leveraging a crash in oil revenue, the Saudi government has quickly imposed unprecedented changes to the way it raises cash, by raising taxes and slashing subsidies in ways Saudi citizens once considered unthinkable. Continue Reading
Oil prices have recovered a bit and we’re beginning to see signs of a realignment in demand and supply. Oil producers and industry analysts are cautiously beginning to ask whether we’ve turned a corner? Maybe…but maybe not. Continue Reading
The negative pricing signal we saw on the NYMEX is an indication of a financial long position that was too large to be physically accommodated. It also indicates an emergent (albeit temporary) reality that speculative long positions in crude oil futures will be punished as storage disappears. Continue Reading