For oil markets the 2020 story is not as much about supply as it is about demand, or rather its lack. But is also about the high level of uncertainty, which makes forecasting a daunting task. Hence, rather than trying to give a forecast, we want to highlight what to look for as this pandemic progresses, recedes, or oscillates. Continue Reading
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
Part of Covid-19 recovery will entail a new round of negotiations on legislation to support infrastructure improvements and expansion. Specific initiatives could play directly to wider support for the reform of the century-old policy known as Jones Act. Continue Reading
In a less spectacular fashion than oil, international natural gas prices have fallen. The explanation goes far beyond low demand related to the Covid-19 pandemic or demand in general. It relies on a much larger and more complicated array of factors that include supply and demand and oil pricing. Continue Reading
The U.S. could become an important force behind the diversification, integration, and liberalization of the European natural gas market. Such engagement could be less controversial, less divisive, and likely more productive than sanctions on the NS2 pipeline that affect not only Gazprom/Russia but also some U.S. allies. Continue Reading