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...” ...
Many people don’t realize how far oil prices have climbed over the last two years. The price of West Texas Intermediate (WTI) crude oil has climbed from about $45 in September of 2016 to...
Several new developments in oil have emerged recently, and our outlook has become even more bullish. Most importantly, OECD inventory data continues to confirm that the global oil market remains in...
What makes us so bullish, especially when everyone else is so bearish?Often in severe bear markets, obvious bullish data points sit right in front of us and yet no one seems to notice. Our current ...
Since 2000, investors in commodities and natural resources have been fixated on China as the main source of demand growth -- for good reason. Over the last 18 years, China’s oil demand has grown by...
“Brace for another steep and sudden drop in Oil Prices” - Commodities Column, Barrons, August 14, 2017 “BHP chairman say $20 billion investments in shale was a mistake.”- Reuters, June 29, 2017 ...