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BP Says the Era of Oil-Demand Growth Is Over https://finance.yahoo.com/news/bp-says-era-oil-demand-230100653.html - how is it possible to really believe that oil demand peaked in 2019? - per capital usage in China, INdia, Pakistan, Africa still so much room for growth - amount of GDP growth would have to slow at a staggering rate in order for oil d…
 
Oil steady, Brent slips from 5-mth high amid demand uncertainty https://www.reuters.com/article/us-global-oil/oil-prices-edge-up-on-stimulus-support-despite-ample-supplies-idUSKBN25R042 Oil prices edge up on stimulus support despite ample supplies https://www.cnbc.com/2020/08/31/oil-markets-brent-crude-futures-coronavirus.html - oil prices are wait…
 
Register for Shale oil Roundtable: https://shor.by/warroomwebinar Shale oil production's brief comeback https://www.argusmedia.com/en/news/2133001-shale-oil-productions-brief-comeback - Can it really be called a “comeback” - Is this a comeback or a dead cat bounce? - DUC data from EIA - DUCs are up and to the right - 800,000 bpd returning August-Se…
 
Interior Secretary Approves Oil Drilling in Alaska’s Arctic Refuge https://www.wsj.com/articles/interior-secretary-to-approve-oil-drilling-in-alaska-s-arctic-refuge-11597667400 - Does anyone want to drill in ANWR anyway? - Is there financial backing for this? - However, its not a bad idea to have a forward-oriented energy policy that doesn’t assume…
 
Aramco Posts $6.6 Billion Profit Amidst Dismal Oil & Gas Earnings But Dividend Promise Weighs Heavy https://www.forbes.com/sites/ellenrwald/2020/08/10/aramco-posts-66-billion-profit-amidst-dismal-oil--gas-earnings-but-dividend-promise-weighs-heavy/#beea33f35018 - Aramco turns a profit but has to pay such large dividend that its profit isn’t that gr…
 
China’s Emerging Middle Eastern Kingdom https://www.tabletmag.com/sections/israel-middle-east/articles/china-middle-eastern-kingdom - can paint both narratives about China: either that its going to take over the world or that its about to fall apart - When it comes to oil and gas, China gets over half of its imports from the Middle East or through …
 
Oil Trades Near $42 Amid U.S.-China Tension and Weaker Dollar https://www.bloomberg.com/news/articles/2020-07-26/oil-stable-as-signs-of-easing-virus-offset-u-s-china-tensions - largest contango structure in Brent since May - commodities boosted by weak dollar Iraq increases oil exports in July, still pumps above OPEC+ target https://uk.reuters.com/…
 
Chevron Agrees to $5 Billion Takeover of Noble Energy https://www.wsj.com/articles/chevron-nears-5-billion-takeover-of-noble-energy-11595239202 - first major oil deal since shut downs - will expand Chevron’s footprint in Colorado, Permian and Eastern Med and Africa Israel approves pipeline deal to sell gas to Europe https://www.reuters.com/article/…
 
OPEC Readies Next Move in Bid to Avoid Oil-Market Taper Tantrum https://finance.yahoo.com/amphtml/news/opec-readies-next-move-bid-230100213.html OPEC, Allies Set to Ease Oil Cuts, Anticipating Demand Recovery https://www.wsj.com/articles/opec-allies-set-to-ease-oil-cuts-seeing-pandemic-recovery-11594510347? - OPEC+ plans to increase production by 2…
 
Americans Face 25% Jump in Power Bills, Adding to Summer Woe https://www.bloomberg.com/news/articles/2020-07-01/americans-face-25-jump-in-power-bills-adding-to-summer-of-woe - aggregate power consumption might be lower because offices and businesses are lower but it will be higher for residential because people are staying home and consuming more p…
 
House Democrats Will Call for 100% Clean Cars by 2035 https://www.bloomberg.com/news/articles/2020-06-28/house-democrats-to-call-for-100-clean-cars-by-2035-in-new-plan - Net zero emissions in electric sector by 2040 — just means buying carbon offsets - Net zero emissions by 2050, 100% clean vehicles by 2035 - extends tax credit for solar power - “e…
 
Physical oil rally pauses due to weak margins https://mobile.reuters.com/article/amp/idUSKBN23T0O7 - refinery margins are down - this year we will see difference in typical seasonal variations in refining because of a backlog of products that have be consumed before stored crude can be tapped to produce more products. Asian Buyers Turn to U.S. Oil …
 
Aramco maintains July crude cuts to some Asian buyers https://www.argusmedia.com/en/news/2114337-aramco-maintains-july-crude-cuts-to-some-asian-buyers - Aramco raised OSPs to Asia about $6 but WILL Refiners bite? Seems like some are taking full volume but others are looking at more Russian Urals and US WTI instead Iraq agrees with oil companies on …
 
Saudi Arabia says there is 'no room whatsoever' for non-compliance over OPEC+ production cuts https://www.cnbc.com/amp/2020/06/08/oil-prices-saudi-arabia-says-no-room-whatsoever-for-opec-non-compliance.html - but really, can Iraq comply when it doesn’t have full control over its own industry Russia's Novak sees potential 3-5 million bpd oil market …
 
China’s Fuel Thirst Nurses Asia’s Oil Market Back to Health https://www.bloomberg.com/amp/news/articles/2020-05-29/china-s-fuel-export-cuts-are-saving-asia-refiners-from-more-pain - China isn’t allowing local refiners to sell so much fuel to Indonesia and other importers in the region due - Diesel strong performer as lockdowns in Asia have eased, b…
 
Poor Countries Borrowed Billions from China. They Can’t Pay It Back. https://www.nytimes.com/2020/05/18/business/china-loans-coronavirus-belt-road.html - China has loaned money for projects to make developing nations. They can’t pay because their economies are down from Coronavirus. China is open to renegotiating debt but not forgiving it. - Many c…
 
Coronavirus cases in long-term care facilities https://www.nytimes.com/interactive/2020/05/09/us/coronavirus-cases-nursing-homes-us.html Elon Musk threatens to move Tesla headquarters out of California following extended shelter-in-place rules https://www.cnn.com/2020/05/09/tech/elon-musk-tesla-threatens-california/index.html - Calling California t…
 
Special Guest Texas Railroad Commissioner Christi Craddick - Meeting at 9:30 am CT (10:30 am ET). Will discuss proration. Will be first vote we will take on this issue. - Only been talking about this for the first time in 50 years - Continue to have the conversation on proration - Will likely see TRRC not do pro-rationing on May 5 - Doesn’t make a …
 
Is the fear factor too strong for an economic recovery even if economies start to open up? - stimulus matters - gov subsidizing fear Oil Slump, Coronavirus Create a Perfect Storm for Nigeria’s Economy https://www.wsj.com/articles/oil-slump-coronavirus-create-a-perfect-storm-for-nigerias-economy-11588000761 - Nigeria’s break even oil price is $133/b…
 
Oil Prices Slump as Crude Storage Shortage Intensifies https://www.wsj.com/amp/articles/oil-prices-slump-as-crude-storage-shortage-intensifies-11587382034 U.S. oil falls more than 10% to lows not seen since 1999 https://www.reuters.com/article/us-global-oil/u-s-oil-falls-more-than-10-to-lows-not-seen-since-1999-idUSKBN2210V9 Why Oil Is $11 a Barrel…
 
Reaction to OPEC deal - Not what they wanted, clearly - US pledged to “cut” for Mexico? How does anyone even expect that to work? - Cuts take away from the narrative that demand is gone because governments shut down the economy. - Will this be significant 10-20 years later? Could we see this as the start of a more federal intervention and direction…
 
Trump tweets about oil and WTI moved up 35% Can the United States regulate oil production? - would need to pass a law through Congress to give Energy Department authority to regulate oil production - regulate it through EPA flaring regulations - BLM could regulate - regulate through taxes But all would mean companies would sue Oil Investors Grow De…
 
Global oil storage fills to the brim despite leap in costs https://www.reuters.com/article/global-oil-storage/global-oil-storage-fills-to-the-brim-despite-leap-in-costs-idUSL8N2BH3AM .9-1.8 billion barrels of spare storage in the world Are we really running out of oil storage space NOW? Sinopec reporting profit of $57.5 renminbi and increased divid…
 
Russia and Saudi are feeling impact of Coronavirus demand drop on economies but not necessarily within their countries. Not uncommon for authoritarian governments to “fail” in order to show that they can do something but not actually want a fight. Small business loans, even at great rates aren’t helpful because there’s no guarantee that will be abl…
 
It’s our 100th Podcast! Saudi crown prince, UK's PM discuss cutting coronavirus economic impact https://www.reuters.com/article/us-health-coronavirus-sa-britain/saudi-crown-prince-uks-pm-discuss-cutting-coronavirus-economic-impact-idUSKBN212193 - Who actually trusts Saudi Arabia to lead effort to combat economic effects of Coronavirus? - But at wha…
 
Have Russia and Saudi Aramco ruined everything for oil and gas? This week, we investigate the problems of the oil price war and the geopolitical questions surrounding the global oil industry. Russia Says It Is Ready to Weather the Coronavirus Storm https://www.wsj.com/livecoverage/coronavirus/card/EsYOOaU3UYHS6KQVDJYY 'Oil price war,' coronavirus c…
 
Markets are looking for drama and Coronavirus provides it. Oil up as hopes of OPEC cut, stimulus counter virus gloom https://www.reuters.com/article/us-global-oil-idUSKBN20P03B - there is a real economic demand impact here - 70 airlines changed flights to China Putin says Russia can handle oil slide but hints at OPEC cooperation https://www.reuters…
 
China's recent air pollution levels may be telling a story about the coronavirus impact on its economy https://www.cnbc.com/2020/02/24/coronavirus-chinas-air-pollution-levels-smog-show-hit-to-the-economy.html - using air pollution levels as a gauge of industrial activity - pollution levels actually BETTER now than they were 5 years ago - satellite …
 
Coronavirus: China urged to delay purchase elements of US trade deal as outbreak rocks economy https://amp.scmp.com/economy/china-economy/article/3051004/coronavirus-china-urged-delay-purchase-elements-us-trade-deal - China should request a delay on its purchases from the US under the Phase One trade deal: What does this mean for the US economy? - …
 
Iraqi Officials: US Will Grant Vital Iran Sanctions Waiver https://www.nytimes.com/aponline/2020/02/10/business/bc-ml-iraq-us-sanctions.html - waiver to be extended for another 3 months. Why? Because Iraq has FINALLY moved towards investments in its own natural gas and electricity development Parsley Energy CEO debuts ‘shale new deal’ in appeal to …
 
China to inject $174 billion of liquidity on Monday as markets reopen https://finance.yahoo.com/news/china-inject-174-billion-liquidity-073630793.html - markets are having a mixed reaction - big sell off on Chinese market when it opened despite attempt at China to prop up market A Tale of Two Oil Giants With Two Strategies That Aren’t Working https…
 
New York Times Western Pennsylvania podcast episode - https://podcasts.apple.com/us/podcast/the-swing-issue-that-could-win-a-swing-state/id1200361736?i=1000463544308 How the stock market has performed during past viral outbreaks, as epidemic locks down 16 Chinese cities https://www.marketwatch.com/amp/story/guid/6A955A3E-3D43-11EA-A3B8-BC9F4A046959…
 
Texas Oil and Gas Podcast with Anas Alhajji - https://www.spreaker.com/episode/21676729 Crossing the Chasm - https://www.amazon.com/Crossing-Chasm-3rd-Disruptive-Mainstream/dp/0062292986/ref=sr_1_2?keywords=Crossing+the+Chasm&qid=1579620229&sr=8-2 EcoCities in China - https://www.mnd.gov.sg/tianjinecocity/progress No turning point in sight as IMF p…
 
This week, we have on Robbin Goodman and David Firestein, director of business affairs and president/CEO at the George H.W. Bush Foundation for US-China Relations. David and Robbin talk to us about phase one of the US-China trade deal, why it's important, and what we can expect to see moving forward. Ellen on Twitter - @EnergzdEconomy Xinhua News -…
 
This week, we bring in 2020 by talking with Rob George, one of our lawyer friends. Rob Comes on to talk with us about ExxonMobil's recent win in court over a climate change case in New York, how that came to be, and what it means for the oil and gas industry. Connect with Rob on LinkedIn - https://www.linkedin.com/in/robgtexas/ Find Rob on Twitter …
 
This week, we conclude 2019 with our last show of the year, featuring Dan Steffens and Joe Dancy. Dan and Joe talk to us about oil prices, completions, and their predictions for 2020. Dan's piece on $100 oil - https://oilprice.com/Energy/Oil-Prices/The-OPEC-Deal-Was-The-First-Step-To-100-Oil.html EPG online - https://energyprospectus.com/ Connect w…
 
This week, Josh, Ryan and Nate gear up for the holidays by telling you to go and give us just a few more five-star ratings and reviews. We then pivot to talking with Sergio Chapa about 2019 in review -- the top drillers in Texas, top producing companies, and top producing wells. We also bring on Joe Dancy for part 1 of 2 of an interview on the stat…
 
Aramco IPO update Oil prices near three-month highs on US-China trade deal https://www.cnbc.com/2019/12/16/oil-markets-us-china-trade-deal-in-focus.html US and China reached a trade agreement, but some key details are still unclear https://www.cnbc.com/2019/12/16/us-and-china-reached-a-trade-agreement-but-key-details-still-unclear.html U.S. top tra…
 
OPEC’s Decision To Cut Production Is A Risky One, Here’s Why https://www.forbes.com/sites/ellenrwald/2019/12/06/opecs-decision-to-cut-production-is-a-risky-one-heres-why/#433968ad662d - Risky because if it doesn’t support oil prices then OPEC will seem weak and ineffective. - Cut for the first quarter. - Saudi oil minister basically said that shale…
 
China and Russia Are Partners—and Now Have a $55 Billion Pipeline to Prove It https://www.wsj.com/articles/china-and-russia-are-partnersand-now-have-a-55-billion-pipeline-to-prove-it-11575225030? - 1800 mile pipeline through Siberia - Does this signify a new era of Russia influence over China? Hard to imagine given Russia’s GDP is lower than each o…
 
Aramco IPO update - its an all Saudi show now. China update - IMO 2020? No one was interested in discussing it. Iranian oil sanctions? consider the US only sanctions illegitimate. “Democracy does not equal efficiency.” Brookline bans natural gas, heating oil pipes for new buildings: ‘Gas is the past’ https://www.bostonherald.com/2019/11/21/brooklin…
 
Iran discovers new oil field with over 50 billion barrels https://apnews.com/a6adb7b30adb4449985a41b1b5aca4332 - lack of new discoveries recently, but can this 53 billion barrel discovery be verified? - How much of this is actually recoverable? - Interesting timing Aramco IPO The World’s Most Profitable Company Pays Surprisingly Little https://www.…
 
Oil Prices Set to Climb? Investors Aren’t Betting On It https://www.wsj.com/articles/oil-prices-set-to-climb-investors-arent-betting-on-it-11571569200 Armageddon coming to oil and gas industry? There are other ways for producers to make money (spare capacity in pipelines, etc.) that perhaps the high up investors in banks aren’t looking at. Wall Str…
 
Iran decries 'cowardly attack' on oil tanker https://www.reuters.com/article/us-mideast-iran-tanker/iran-decries-cowardly-attack-on-oil-tanker-idUSKBN1WR05D Iran State Media Say Oil Tanker Is Hit but Offer Conflicting Accounts on Cause https://www.nytimes.com/2019/10/11/world/middleeast/iran-tanker-explosion.html - Oil jumped slightly after Iran an…
 
As Trump shifts policy, U.S. troops withdraw from northern Syria; Turkey ready to move in https://www.latimes.com/world-nation/story/2019-10-06/turkey-will-invade-syria-isis-fighters - what’s the economic impact? Trump tweeted he would “obliterate the economy of Turkey” if Turkey does anything he doesn’t like. Iran says Chinese state oil firm withd…
 
Aramco’s Repairs Could Take Months Longer Than Company Anticipates, Contractors Say https://www.wsj.com/articles/aramcos-repairs-could-take-months-longer-than-company-anticipates-contractors-say-11569180194? - difference between supply, production, output and capacity - hard to parse out what is relevant and what the narrative that’s being painted …
 
Trump: US 'locked and loaded depending on verification' of attack on Saudi oil field https://www.cnn.com/2019/09/15/politics/trump-us-saudi-arabia-attack-iran-iraq/index.html Does this mean we’re going to war? Trump is showing US ability to strike, but strike no imminent. Trump is giving Saudi ARabia opportunity to deescalate the situation. Iran is…
 
Follow Dr. Sullivan on LinkedIn - https://www.linkedin.com/in/drsullivenergy/ Follow Dr. Sullivan on Twitter - https://twitter.com/DrPJSullivan Link to Saudi, Inc. Paperback edition with new chapter! https://www.amazon.com/Saudi-Inc-Arabian-Kingdoms-Pursuit/dp/1643132253 Saudi King Appoints a Son, Prince Abdulaziz, as Energy Minister https://www.ny…
 
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