“Indian refined copper demand surged by 13,000 tonnes or 33% on a year-over-year basis to reach 50,000 tonnes per month.” Copper prices were weak toward the end of 2018 but have rebounded this...
“Looking forward, we still think the IEA is once again far too optimistic regarding its 2019 estimates for non-OPEC production outside of the US and Russia. Instead of growing by 120,000 b/d, our...
“Based on our models, inventories will now resume their steady draws throughout the rest of the year and prices will resume their advance.” While the severe weakness over the past several months...
Happy New Year! From the pop in natural gas prices to the sharp selloff in crude oil prices, 2018 packed a punch for natural resource investors. For your reading enjoyment, here are our top three...
In our second blog in this series, we attempt to analyze the real size of recoverable Saudi reserves, as well as the reasons Saudi Aramco may have pulled their IPO, which would have been the largest...
Prior to the decline in oil prices this year, one of the more intriguing front-page stories was whether Saudi Aramco would go public. An IPO of this size would have been the largest stock flotation...
“While it is still possible to grow production, it is requiring more and more effort to do so. Eventually, the deterioration of well quality overtakes the ability to increase development and the...
Intro Oil and oil-related equities collapsed this week, in what can only be described as extreme panic selling. WTI prices have fallen 30% since October 3rd, erasing all of the gains of the last...
For the third consecutive year, the only source of non-OPEC supply growth has come from the US shales. This trend will likely continue, although we believe shale production growth will likely slow.
“In the second half of this decade total capital expenditures by the large oil and gas groups is projected to fall almost fifty percent to $443.5 bn from $875.1 bn according to Rystad Energy...” ...