Forecast
News
October 16, 2017
EIA forecasts that U.S crude oil production will average 9.4 MMbpd in the second half of 2017, 340,000 bpd more than in the first half of 2017. Production in 2018 is expected to average 9.9 MMbpd, surpassing the previous high of 9.6 MMbpd set in 1970, based on projections in EIA’s Short-Term Energy Outlook (STEO).
News
October 13, 2017
In its Short-Term Energy Outlook (STEO) update released this week, EIA forecasts that U.S crude oil production will average 9.4 MMbpd in the second half of 2017, 340,000 bpd more than in the first half of 2017.
News
October 12, 2017
OPEC expects its efforts to clear the surplus in oil inventories to finally succeed by the end of the third quarter of next year, said people familiar with the group’s internal forecasts.
News
October 10, 2017
Oil rose above $50/bbl in New York before data forecast to show a third weekly drop in U.S. crude inventories, while Saudi Arabia said it will sell customers considerably less crude than they’re asking for.
News
September 27, 2017
The International Monetary Fund recently stated that the oil reserves in Uganda may account for around 4% of the country’s economy annually in the next few years if managed well.
News
September 05, 2017
Oil and gas will be crucial components of the world’s energy future, according to DNV GL’s forecast of the energy transition.
News
September 04, 2017
The world is approaching a watershed moment as energy demand is set to plateau from 2030, driven by greater efficiency with wider application of electricity. A rapid decarbonization of the energy supply is underway with renewables set to make up almost half of the energy mix by 2050, although natural gas will become the biggest single source of energy.
News
August 16, 2017
In its recent five-year outlook on petroleum products, ESAI Energy projects global product demand growth to decelerate significantly by 2022. In its outlook, ESAI Energy highlights the effects of a changing global vehicle fleet on gasoline and diesel demand.
News
August 15, 2017
Oil traded at a three-week low after a forecast on U.S. shale growth added to mounting worries that the rebalancing process is stalling.
News
August 14, 2017
The outlook for the oil market next year has "deteriorated in recent weeks," renowned oil trader Andy Hall told investors in a letter dated Aug 1. that announced the closure of his flagship hedge fund Astenbeck.
News
August 11, 2017
The International Energy Agency cut estimates for the amount of crude needed from OPEC this year and in 2018 after lowering its historical assessments of consumption in some emerging nations.
Article
August 2017
Amid increasing political uncertainty and a stagnant unemployment rate, Canadian operators are still fighting to regain E&P stability and drive pipeline projects forward.
News
August 08, 2017
U.S. producers are seen pumping away, even with the price of West Texas Intermediate crude lingering below $50/bbl, according to the latest government estimates.
Article
August 2017
Producers have recently reacted to stagnant oil prices with announcements of cuts in capital spending.
News
August 03, 2017
The Petroleum Services Association of Canada (PSAC), in its third update to its 2017 Canadian Drilling Activity Forecast, announced that it was increasing its forecasted number of 6,680 wells to be drilled (rig released) across Canada for 2017 to 7,200 wells drilled.
News
August 02, 2017
Oil majors are raking in more cash now than they did in the heyday of $100 oil, according to Goldman Sachs Group Inc.
News
August 01, 2017
McKinsey Energy Insights (MEI), the data and analytics specialist that provides distinctive insight and support to the global energy industry, has released its latest Global Gas Market Outlook, in which the company predicts that natural gas will represent 23%—up from 22% in 2016—of the global energy mix by 2030.
News
July 26, 2017
The tight oil sector has struggled to generate positive cash flow since 2010. Last year, only one company in the sector posted positive cash flow. But there is light at the end of the tunnel.
News
July 21, 2017
General Electric Co. said it’s trending toward the bottom end of its profit forecast this year as the manufacturer faces ongoing challenges in the oil and gas market.
News
July 21, 2017
Canadian oil and gas producer Encana Corp. on Friday posted a quarterly profit that handily beat estimates and the company said it was expecting a strong 2018, even with current commodity prices.
News
July 17, 2017
Oil skeptics are letting a little sunshine in.
