The Geopolitics of Shale Oil
|
|
- Felix Martin
- 7 years ago
- Views:
Transcription
1 The Geopolitics of Shale Oil 22 nd Williston Basin Petroleum Conference Bismark, ND May 22, 2014 THOMAS A. PETRIE, CFA PETRIE PARTNERS, CHAIRMAN
2 Topics Geopolitical Energy News is Ubiquitous Oil Price Drivers Today s Transformed Outlook Looming Issues with Geopolitical Consequences Shifting Globalization Trends Possible Global Oil Supply Dynamics: Concluding Observations 1
3 Geopolitical Energy News is Ubiquitous Germany turns against West on Russia Americans Want to Pull Back From World Stage, Poll Finds 2
4 Oil Price Drivers: Geopolitical Events are Fundamental WORLD EVENTS AND OIL PRICES NOMINAL PRICING ( ) $160 $140 Fiscal Cliff fallout concerns Syrian civil war escalates $120 $100 Prices spike on Iraq war, rapid demand increases, constrained OPEC capacity, low inventories, etc. $80 $60 $40 Iranian Revolution shah deposed Iran-Iraq War begins; oil prices peak Saudis abandon swing producer role; oil prices collapse Gulf War ends OPEC agrees to quota increase Prices rise sharply on OPEC cutbacks, increased demand Back from the global abyss $20 $0 $0 OPEC agrees to quotas 1973 Arab Oil Embargo Iraq invades Kuwait Prices fall sharply on 9/11 attacks, economy weakness Fear of global economic meltdown
5 Oil Price Drivers: Global Population Historical vs. Projected Global Population Million Billion Billion Global population today is about 7 billion Projected to grow to about 8 billion by % live in non-oecd countries Non-OECD countries have rapidly growing energy needs Source: ExxonMobil 2010 Energy Outlook, United Nations and the World Bank. 4
6 Today s Transformed Outlook CONFIRMED SOURCES OF SHALE GAS AND OIL SHALE PRODUCTION Horn River 100+ Tcfe Montney 70 Tcfe Utica 24+ Tcfe Bakken BBoe Marcellus Tcfe Fayetteville Niobrara 4 6 BBoe Tcfe Woodford Tcfe Mississippian 3-6 BBoe Barnett Tcfe Granite Wash Permian Eagle Ford Haynesville 1.5+ BBoe 2-20 BBoe 700 1,400 Tcfe from gas and liquids-rich gas shale plays 5 10 BBoe Tcfe BBoe from unconventional oil shale plays Source: United States Geological Survey, EIA and Select Wall Street research. 5
7 MBopd Today s Transformed Outlook U.S. OIL PRODUCTION BY TYPE IN NEW POLICIES SCENARIO Light Tight Oil Other Unconventional Oil NGLs 4 2 Crude Oil: Oil: Fields yet-to-be found Field yet-to-be developed Currently producing Note: The World Energy Model supply model starts producing yet-to-find oil after it has put all yetto-develop fields into production. In reality, some yet-to-find fields would start production earlier than shown in the figure. Source: IEA, World Energy Outlook
8 Today s Transformed Outlook A PATH TO PETROLEUM FLEXIBILITY 2010 US Production 7.0 MMBpd US Imports 10.5 MMBpd Total US Demand 17.5 MMBpd Oil equivalent of gas exports NA 2018 Canadian Oil Supplies 2.5 MMBpd US Production 10.0 MMBpd Non North American Imports 8.0 MMBpd Total US Demand 16.9 MMBpd US Imports 6.9 MMBpd Demand reduction from 2010 to 2018 results from fuel efficiencies and hybrid vehicles Oil equivalent of gas exports 0.6 MMBpd Canadian Oil Supplies 3.0 MMBpd Non North American Imports 3.9 MMBpd Demand reduction from 2018 to 2025 results from fuel efficiencies and gas/electric vehicles 2025 US Production 11.0 MMBpd US Imports 4.2 MMBpd Total US Demand 15.2 MMBpd Oil equivalent of gas exports 1.5 MMBpd North American Constructive surplus 0.8 MMBpd Increase in production combined with decrease in demand signals the likelihood of domestic surplus Canadian Oil Supplies 3.5 MMBpd Non North American Imports 0.7 MMBpd Source: IEA, World Energy Outlook 2012 and Thomas A. Petrie s Following Oil. 7
9 Looming Issues with Geopolitical Consequences U.S. Oil Exports? Keystone Pipeline?? Oil by Rail (Capacity vs. Safety) Natural Gas Exports 8
10 Shifting Globalization Trends GEOPOLITICAL CONSIDERATIONS Evolving Power Triangles Russia Ukraine Turkey Syria Iran? China Historical view: To US and West Saudi Arabia New view to east India 9
11 Midpoint of Projeced Annual Incremental Growth (MMBopd) Possible Global Oil Supply / Demand Dynamics: (Volumes in MMBopd) 2.5 Annual Global Dem and Growth Annual Increm ental Supply United States Potential Oversupply Iraq Other Middle East Brazil T otal Total Incremental Supply Global Demand Growth 10
12 Concluding Observations Unconventional oil development has dramatically improved North American supply elasticity Oil s fungibility, relative ease of transport, and the petroleum sector s absolute size all argue for its ongoing critical role in global economic growth and world trade Current pressures, especially in the Ukraine and Syria, considerably complicate geopolitical energy policy calculations Depending on the sustainability of recent levels of growth in global petroleum demand, strategies to deal with moderate systemic oversupply may become necessary 11
What drives crude oil prices?
What drives crude oil prices? An analysis of 7 factors that influence oil markets, with chart data updated monthly and quarterly Washington, DC U.S. Energy Information Administration Independent Statistics
More informationU.S. Energy Outlook. Oil and Gas Strategies Summit May 21, 2014 New York, NY. By Adam Sieminski, EIA Administrator
U.S. Energy Outlook May 21, 214 New York, NY By Adam Sieminski, EIA Administrator U.S. Energy Information Administration Independent Statistics & Analysis www.eia.gov The U.S. has experienced a rapid increase
More informationTrends in the oil and gas markets
Trends in the oil and gas markets Danske Markets oil and gas seminar Oslo, 12.06.12 Ottar Skagen, Statoil CFO Macroeconomics and Market Analysis Oil prices on a rollercoaster since the mid 2000s Source:
More informationOil Price Update Q2 2016
Oil Price Update Q2 2016 Are oil prices near their equilibrium? www.pwc.nl Oil Price Update Q2 2016 Are oil prices near their equilibrium? Global supply and demand Global oil prices have recovered by some
More informationThe Origins of the Global Oil Price Collapse and Potential Investment Opportunities
The Origins of the Global Oil Price Collapse and Potential Investment Opportunities Arthur E. Berman, Petroleum Geologist Labyrinth Consulting Services, Inc. Houston, Texas February 25, 2016 Slide 1 The
More informationNorth American Natural Gas Midstream Infrastructure Through 2035: A Secure Energy Future
North American Natural Gas Midstream Infrastructure Through 2035: A Secure Energy Future Updated Supply Demand Outlook Background Executive Summary June 28, 2011 Sufficient midstream natural gas infrastructure,
More informationA Snapshot of World Oil Demand and Oil Supply Evolution
A Snapshot of World Oil Demand and Oil Supply Evolution Huei-Chu Liao and Yun Chi Chen Department of Economics, TamKang University, rubyliao@mail.tku.edu.tw Shu-Chuan Lin Department of Natural Resource
More informationLabyrinth Consulting Services, Inc. artberman.com 1
Returning To Market Balance: How High Must Prices Be To Save The Oil Industry? Art Berman Labyrinth Consulting Services, Inc. Ray Leonard Hyperdynamics Lafayette Geological Society Lafayette, Louisiana
More informationCBRE CLARION SECURITIES MASTER LIMITED PARTNERSHIPS: GLOBALIZATION OF ENERGY MARKETS LEADING TO SECULAR GROWTH
CBRE CLARION SECURITIES MASTER LIMITED PARTNERSHIPS: GLOBALIZATION OF ENERGY MARKETS LEADING TO SECULAR GROWTH MAY 2014 201 King of Prussia Road, Suite 600 Radnor, PA 19087 USA T. 610.995.2500 www.cbreclarion.com
More informationA Detailed Analysis Into the Fundamental Factors Affecting Crude Oil Prices
A Detailed Analysis Into the Fundamental Factors Affecting Crude Oil Prices Excess returns of the energy sector have significantly lagged the investment grade corporate market in 2014 due to the unexpected
More informationTHE WORLD OIL MARKET. Mohan G. Francis
THE WORLD OIL MARKET Mohan G. Francis With the Bush administration busily moving military forces to the Gulf region, the sense of an impending war has begun to make an impact on the world petroleum markets.
More informationOil and Gas Prices. Oil and Gas Investor Summit London 17th-18th June 2014
Oil and Gas Prices Oil and Gas Investor Summit London 17th-18th June 2014 Oil Price Drowning in oil Economist, March 1999 $10 oil might actually be too optimistic. We may be heading for $5. Crude touches
More informationOil Market Outlook. March 2016. Compiled by Dr Jeremy Wakeford
Oil Market Outlook March 2016 Compiled by Dr Jeremy Wakeford Highlights Oil prices have remained very weak in recent months, with the Brent benchmark averaging $31/bbl in January and $32/bbl in February
More informationIran s return to world oil markets What does it mean for production, markets, and investment opportunities?
Iran s return to world oil markets What does it mean for production, markets, and investment opportunities? July 2015 Deloitte Center for Energy Solutions Executive summary The imminent return of Iran
More informationA different view to fiscal break-even oil prices
A different view to fiscal break-even oil prices YANAGISAWA Akira Senior Economist Energy Demand, Supply and Forecast Group Energy Data and Modelling Center Summary Higher oil price level is one of the
More informationOutlook for Oil and Natural Gas Markets
Outlook for Oil and Natural Gas Markets Helen Currie, PhD Senior Economist Legislative Finance Committee State of New Mexico 09-July-2014 Farmington, New Mexico Cautionary Statement The following presentation
More informationOil Companies Capital Expenditure : Business Cycle Perspective
15 th U.S. China Oil & Gas Industry Forum Oil Companies Capital Expenditure : Business Cycle Perspective China National Petroleum Corporation: Zhen WANG September 17, 2015 Outline Business Cycle, Oil Price
More informationGlobal Energy Dynamics: Outlook for the Future. Dr Fatih Birol Chief Economist, IEA 18 June 2014
Global Energy Dynamics: Outlook for the Future Dr Fatih Birol Chief Economist, IEA 18 June 2014 The world energy scene today Some long held tenets of the energy sector are being rewritten Countries are
More informationThe shale revolution - impact on the global oil and gas market
The shale revolution - impact on the global oil and gas market Thina Margrethe Saltvedt, Senior Analyst, Macro/Oil March 2013 @ThinaSaltvedt Brief intro to the oil market Drivers of the oil price Short-term
More information2014 BP Madrid forum on energy & sustainability BP 2014
14 BP Madrid forum on energy & sustainability BP 14 Contents Global energy trends Liquid fuels Refining implications European focus Energy Outlook 35 BP 14 Primary energy consumption growth slows and the
More information2015 Oil Outlook. january 21, 2015
MainStay Investments is pleased to provide the following investment insights from Epoch Investment Partners, Inc., a premier institutional manager and subadvisor to a number of MainStay Investments products.
More informationGLOBAL DYNAMICS OF OIL PRICE RUCHAN KAYA SENIOR RESARCH FELLOW, ENERGY AND INTERNATIONAL RELATIONS EXPERT, HASEN
MESUT RUCHAN HAKKI KAYA CASIN 146 GLOBAL DYNAMICS OF OIL PRICE FLUCTUATIONS RUCHAN KAYA SENIOR RESARCH FELLOW, ENERGY AND INTERNATIONAL RELATIONS EXPERT, HASEN The crude oil saw the lowest price levels
More informationKeeping Our Options Open: Markets for Canadian Crude and the Pipeline Dilemma
Keeping Our Options Open: Markets for Canadian Crude and the Pipeline Dilemma Trisha Curtis, Research Analyst Energy Policy Research Foundation, Inc. (EPRINC) CERI Oil Conference 2012 April 23 rd, 2012
More informationGlobal growth rates Macroeconomic indicators CEDIGAZ Reference Scenario
Medium and Long Term Natural Gas Outlook CEDIGAZ February 215 Global growth rates Macroeconomic indicators CEDIGAZ Reference Scenario 4 3 %/year 199-213 213-235 6 Main consuming markets - %/year (213-235)
More informationOil Markets Update- October 2015
SICO Research November 23, - October Crude prices remain low in October led by oversupply and weak economic indicators October has been a volatile month for crude prices; Brent reached USD 53.05/bbl in
More informationImpact of oil & gas production tax credits at low oil prices
Impact of oil & gas production tax credits at low oil prices Presentation to Senate Finance Committee Juneau, Alaska Tuesday, January 27, 2015 Janak Mayer, Partner janak.mayer@.com Nikos Tsafos, Partner
More informationEIA s U.S. Crude Oil Import Tracking Tool: Selected Sample Applications
EIA s U.S. Crude Oil Import Tracking Tool: Selected Sample Applications November 2014 Independent Statistics & Analysis www.eia.gov U.S. Department of Energy Washington, DC 20585 This report was prepared
More informationRush hour in Kolkata (formerly Calcutta), India. Between 1990 and 2000, the number of motor vehicles per capita more than doubled in four
Rush hour in Kolkata (formerly Calcutta), India. Between 1990 and 2000, the number of motor vehicles per capita more than doubled in four Asia-Pacific nations: South Korea, the Philippines, India, and
More informationOil Markets into 2006. Peter Davies Chief Economist, BP plc British Institute of Energy Economics London. 24 January, 2006
Oil Markets into 26 Peter Davies Chief Economist, BP plc British Institute of Energy Economics London. 24 January, 26 Outline Oil and energy today How did we get to here? Prospects for 26 Into the medium
More informationU.S.: Companies Sense Great Opportunities
U.S.: Companies Sense Great Opportunities In Shale Oil and Gas Boom The global energy map is being redrawn, thanks to the discovery of vast reserves of shale oil and natural gas in the United States. American
More informationStandard Note: SN/SG/2106 Last updated: 28 January 2014 Author: Paul Bolton Section Social & General Statistics
Oil prices Standard Note: SN/SG/216 Last updated: 28 January 214 Author: Paul Bolton Section Social & General Statistics Oil prices peaked at almost $15 Dollars a barrel in July 28 and fell sharply in
More informationJoint IEA-IEF-OPEC Report on the Third Symposium on Energy Outlooks 22 January 2013, Riyadh
Joint IEA-IEF-OPEC Report on the Third Symposium on Energy Outlooks 22 January 2013, Riyadh 1 Contents EXECUTIVE SUMMARY... 2 1. INTRODUCTION... 5 2. KEY FINDINGS FROM THE SECOND SYMPOSIUM ON ENERGY OUTLOOKS,
More informationSTEO Supplement: Why are oil prices so high?
STEO Supplement: Why are oil prices so high? During most of the 1990s, the West Texas Intermediate (WTI) crude oil price averaged close to $20 per barrel, before plunging to almost $10 per barrel in late
More informationEnergy Prices. Presented by: John Heffernan
Global Wholesale Energy Prices Presented by: John Heffernan Energy in 2012 In 2012, the growth in Energy consumption slowed in 2012 90% of this growth came from China & India Consumption & production of
More informationInvesting In the Downstream:
Investing In the Downstream: The Point Of View of a National Oil Company Dr. Shokri M. Ghanem Chairman The National Oil Corporation of Libya Good afternoon ladies and gentlemen. Indeed I am delighted to
More informationSon of a Beast Utica Triggers Regional Role Reversal
Son of a Beast Utica Triggers Regional Role Reversal KEYTAKEAWAYS Son of a Beast Utica Triggers Regional Role Reversal Overview only. Contact BENTEK to subscribe. For more information about BENTEK s industry-leading
More informationSuzanne Minter. Manager, Oil and Gas Consulting BENTEK Energy. Natural Gas Outlook
Suzanne Minter Manager, Oil and Gas Consulting BENTEK Energy Natural Gas Outlook North American Natural Gas The Fertilizer Institute November, 2014 2013 Platts, McGraw Hill Financial. All rights reserved.
More informationOil and Gas Price Forecast Update: Where are Oil and Gas Prices Heading?
RESERVOIR ENGINEERING SOFTWARE & SERVICES Oil and Gas Price Forecast Update: Where are Oil and Gas Prices Heading? Dale Struksnes, Manager - Reserve Evaluations April 13, 2010 Media Commentary on Oil and
More informationOIL PRICE DRIVERS bottom OF the barrel?
OIL PRICE DRIVERS bottom OF the barrel? AN INDEPENDENT RESEARCH PAPER COMMISSIONED BY FTI CONSULTING JUNE 216 Foreword Over recent years, the fundamentals governing the global price of oil have altered
More informationmany in the producing and investment community off guard and caused dramatic changes in producer behavior and balance sheets.
Testimony of Suzanne Minter Manager, Oil and Gas Consulting Platts Analytics before the U.S. Senate Energy and Natural Resources Committee Hearing to examine challenges and opportunities for oil and gas
More informationWorld Energy Outlook 2009. Presentation to the Press London, 10 November 2009
World Energy Outlook 29 Presentation to the Press London, 1 November 29 The context The worst economic slump since the 2 nd World War & signs of recovery but how fast? An oil price collapse & then a rebound
More informationTransamerica MLP & Energy Income
Alternative Investments Transamerica MLP & Energy Income A comprehensive approach to infrastructure investing Portfolio managed by Kayne Anderson Capital Advisors, L.P. Transamerica Funds are advised by
More informationCanada s Energy Sector in a Changing Global Market. Kristi Varangu Director, International Energy Division March 10, 2014
Canada s Energy Sector in a Changing Global Market Kristi Varangu Director, International Energy Division March 10, 2014 2 Purpose Illustrate the profound changes that are taking place in global and North
More informationU.S. Crude Oil Pricing Analysis
Alan Stevens, President Stancil & Co. 400 E. Las Colinas Boulevard Suite 700 Irving, Texas 75039 214.688.0255 www.stancilco.com Table of Contents I. Introduction and Summary of Findings... I-1 Historical
More informationKEY ISSUES IN OIL INVENTORIES
KEY ISSUES IN OIL INVENTORIES Third IEA IEF OPEC Symposium on Energy Outlooks Riyadh, 22 January, 2013 Joel R. Couse VP Market Analysis for Trading & Shipping TOTAL SA 1 WORLD SUPPLY/DEMAND BALANCE 94
More informationImpact of world economic crisis on the oil markets and economic growth in Arab Countries development
Impact of world economic crisis on the oil markets and economic growth in Arab Countries development ADNAN SHIHAB -ELDIN 31 OCTOBER, 2011 KUWAIT Outline Summary of World Economy Outlook Impact of financial
More informationBP Energy Outlook 2035
BP January 2014 bp.com/energyoutlook #BPstats Disclaimer This presentation contains forward-looking statements, particularly those regarding global economic growth, population growth, energy consumption,
More informationWorking Paper Research Unit Global Issues Stiftung Wissenschaft und Politik German Institute for International and Security Affairs.
Working Paper Research Unit Global Issues Stiftung Wissenschaft und Politik German Institute for International and Security Affairs Friedemann Müller Paper presented at KAS CFIE CFISAE AHK International
More informationThe Oil Market to 2030 Implications for Investment and Policy
This article copyrighted by the International Association for Energy Economics The article first appeared in Economics of Energy & Environmental Policy (Vol. 1, No. 1). Visit this paper online at http://www.iaee.org/en/publications/eeepjournal.aspx
More informationUnconventional oil and gas: outlook, risks, and potential
20140519_SBC_International Energy Forum - Paper_v05 Unconventional oil and gas: outlook, risks, and potential May 2014 Moscow Table of Contents KEY INSIGHTS... 2 1. UNCONVENTIONAL RESOURCES ARE SIZEABLE
More informationGeneral Certificate of Education Advanced Level Examination June 2013
General Certificate of Education Advanced Level Examination June 2013 Economics ECON4 Unit 4 The National and International Economy Tuesday 11 June 2013 9.00 am to 11.00 am For this paper you must have:
More informationAn International Seminar
An International Seminar Energy and Shipping The EU Iranian Oil Embargo and Implications for the International Oil Market A presentation by Costis Stambolis, AA. Dipl. Grad. Executive Director & Deputy
More informationLNG Poised to Significantly Increase its Share of Global Gas Market David Wood February 2004 Petroleum Review p.38-39
LNG Poised to Significantly Increase its Share of Global Gas Market David Wood February 2004 Petroleum Review p.38-39 For the past few years LNG has experienced high levels of activity and investment in
More informationJean-Yves Garnier Independent Consultant
Jean-Yves Garnier Independent Consultant JODI is much more than a database The JODI Databases Cooperation Harmonisation between organisations Image Coverage Cooperation between Countries and Organisations
More informationHOW EXPANDING U.S. CRUDE EXPORTS CAN MEAN CHEAPER GAS FOR AMERICANS
HOW EXPANDING U.S. CRUDE EXPORTS CAN MEAN CHEAPER GAS FOR AMERICANS BY DAN EBERHART, CEO, CANARY, LLC CANARYUSA.COM WELLHEADS FRAC EQUIPMENT PRODUCTION SERVICES MANUFACTURING HOW EXPANDING U.S. CRUDE EXPORTS
More informationTABLE OF CONTENTS PART A PART B GLOBAL ENERGY TRENDS INDIA ENERGY OUTLOOK ANNEXES INTRODUCTION AND SCOPE GLOBAL ENERGY TRENDS TO 2040
TABLE OF CONTENTS PART A GLOBAL ENERGY TRENDS INTRODUCTION AND SCOPE GLOBAL ENERGY TRENDS TO 2040 OIL MARKET OUTLOOK LOW OIL PRICE SCENARIO NATURAL GAS MARKET OUTLOOK OUTLOOK FOR UNCONVENTIONAL GAS COAL
More informationMarket Bulletin DECEMBER 2014
Market Bulletin DECEMBER 214 AUTHOR Alex Dryden Market Analyst Adjusting to a world of lower oil prices The collapse in oil prices over the last few months has led to much contemplation by investors and
More informationOil and Gas U.S. Industry Outlook
Oil and Gas U.S. Industry Outlook VERSION 01 YEAR 13 OUTLOOK: Positive fundamentals & outlook www.eulerhermes.us Key points WTI Crude is expected to continue to converge to Brent crude prices, narrowing
More informationHow To Know How The Falling Oil Price Affects The Global Economy And Inflation
Effects of the falling oil price on the global economy MONETARY POLICY REPORT FEBRUARY 2015 45 Prices on the world market for oil have fallen rapidly since the summer of 2014. Measured in US dollars, the
More informationLATIN AMERICA: Oil prices complicate outlook
1 of 5 12/13/2015 12:06 PM Back to previous page document 1 of 1 LATIN AMERICA: Oil prices complicate outlook OxResearch Daily Brief Service. (Jan 21, 2015). Find a copy http://sfxhosted.exlibrisgroup.com/nps?url_ver=z39.88-2004&rft_val_fmt=info:ofi/fmt:kev:mtx:book&
More informationThe effects of the recent oil price shock on the U.S. and global economy 1. Nouriel Roubini Stern School of Business, NYU. and
The effects of the recent oil price shock on the U.S. and global economy 1 Nouriel Roubini Stern School of Business, NYU and Brad Setser Research Associate, Global Economic Governance Programme, University
More informationDisclaimer. Energy Outlook 2030 2
January 213 Disclaimer This presentation contains forward-looking statements, particularly those regarding global economic growth, population growth, energy consumption, policy support for renewable energies
More informationIEA-IEF-OPEC Outlook Comparison
IEA-IEF-OPEC Outlook Comparison Richard Newell, Director, Duke University Energy Initiative Gendell Professor of Energy and Environmental Economics, Nicholas School of the Environment Sixth IEA-IEF-OPEC
More informationUnconventional Oil and Gas Production Drives Trends in Water Management and Treatment
Unconventional Oil and Gas Production Drives Trends in Water Management and Treatment Jelena Stanic, Global Water Intelligence A research report, Water for the Onshore Oil and Gas, by Global Water Intelligence
More informationWhy clean transportation alternatives are still needed to promote world-wide economic growth (the Oil Problem is not going away)
Why clean transportation alternatives are still needed to promote world-wide economic growth (the Oil Problem is not going away) Carmine Difiglio, Ph.D. U.S. Department of Energy Transportation Research
More informationUnconventional Oil Potential Tends to Change the World Oil Market
Energy Science and Technology Vol. 4, No. 1, 2012, pp. 68-74 DOI:10.3968/j.est.1923847920120401.178 ISSN 1923-8460[PRINT] ISSN 1923-8479[ONLINE] www.cscanada.net www.cscanada.org Unconventional Oil Potential
More informationChanges in Supply of and Demand for Crude Oil: Implications for Oil Price
Changes in Supply of and Demand for Crude Oil: Implications for Oil Price 1 Paul R. Kutasovic Economic Consultant and Professor, New York Abstract The rise in oil prices since the end of the 2007-09 recession
More informationPresentation to the Angola Field Group at the Viking Club Luanda - Angola February 5, 2015. Tako Koning, Senior Petroleum Geologist
Fracking for Oil in the USA and its Impact on Angola s Economy Presentation to the Angola Field Group at the Viking Club Luanda - Angola February 5, 2015 Tako Koning, Senior Petroleum Geologist The presenter:
More informationThe US Tight Oil Revolution and Its Impact on the Gulf Cooperation Council Countries:
October 2014 The US Tight Oil Revolution and Its Impact on the Gulf Cooperation Council Countries: Beyond the Supply Shock OIES PAPER: WPM 54 Bassam Fattouh The contents of this paper are the authors sole
More informationFalling Oil Prices and US Economic Activity: Implications for the Future
Date Issue Brief # I S S U E B R I E F Falling Oil Prices and US Economic Activity: Implications for the Future Stephen P.A. Brown December 2014 Issue Brief 14-06 Resources for the Future Resources for
More informationRecent crude oil price dynamics, PETRONAS and Malaysia
Recent crude oil price dynamics, PETRONAS and Malaysia Lim Kim- Hwa limkimhwa@penanginstitute.org Tim Niklas Schoepp tim.schoepp@penanginstitute.org 23 January 2015 Executive Summary Since PETRONAS contributed
More informationOil & Gas Market Outlook. 6 th Norwegian Finance Day Marianne Kah, Chief Economist March 2, 2016
Oil & Gas Market Outlook 6 th Norwegian Finance Day Marianne Kah, Chief Economist March 2, 2016 Challenging Market Environment Concerns that global economic growth will slow and reduce global oil and natural
More informationGas/NGL Developments from Western Canada to the US Midwest
Gas/NGL Developments from Western Canada to the US Midwest Purvin & Gertz International LPG Seminar March 7, 2012 Tim Stauft, President Aux Sable Canada About Alliance/Aux Sable Alliance is a 1.6 bcf/d
More informationIntegrated Oil Companies
Integrated Oil Companies Loretta Bu Zhou Fang Suvayan Roy Patrick He Artur Shikhaleev Yang Zeng 1 Key Questions 2 Upstream, Midstream, Downstream, Equipment and Services Companies THE OIL SUPPLY CHAIN
More informationThe Impact of Dollar Devaluation on World Oil Industry: Do Exchange Rates Matter?
The Impact of Dollar Devaluation on World Oil Industry: Do Exchange Rates Matter? A. F. Alhajji, Ph.D. Associate Professor College of Business Administration Ohio Northern university Ada, Oh, 4581 A. F.
More informationGlobal Oil Markets and Hedging Are Trends Your Friend?
Global Oil Markets and Hedging Are Trends Your Friend? Non-OPEC to painfully balance the oil market by moving from record growth in 2014 to production declines in 2016 EnerCom March 2016 Fredrik Sagen
More informationCoordination of Oil stocks and Interventions in the Oil Markets. Klaus-Dietmar Jacoby *
Coordination of Oil stocks and Interventions in the Oil Markets Klaus-Dietmar Jacoby * 1. Background To give some background to the rationale behind the establishment of stocks of oil to be used strategically
More informationINTRODUCTION. Production / Extraction of Oil. Distribution & Sale to refined products to end users
CRUDE OIL INTRODUCTION Crude oil holds prominence as input to the global growth engine since it is the most important source of energy accounting for more than two fifth of the global energy consumption.
More informationFocus on Geopolitics N.A. Shale & Export Options - A Canadian View
Focus on Geopolitics N.A. Shale & Export Options - A Canadian View International Gas Union October 17, 2012 Ottawa, ON Dave Collyer, President, CAPP North American Natural Gas Supply Outlook Shale gas
More informationOIL AND US FOREIGN POLICY. David S. Painter Department of History Edmund A. Walsh School of Foreign Service Georgetown University
OIL AND US FOREIGN POLICY David S. Painter Department of History Edmund A. Walsh School of Foreign Service Georgetown University HISTORY AS A WAY OF LEARNING Importance of Studying the Past: Context for
More informationThe Energy Data Centre of the IEA: its role and interactions with national institutions
The Energy Data Centre of the IEA: its role and interactions with national institutions INOGATE Meeting, Copenhagen, April 23-24, 2013 Pierre Boileau, Section Head, Non-OECD Country Energy Statistics Overview
More informationFinancing Drivers and Funding Rapid Growth
Financing Drivers and Funding Rapid Growth IDEA International District Cooling Symposium October 2007 Mohamed Elshentenawy Palm District Cooling Mohamed.Shentenawy@dubaiworld.ae Presentation outline GCC
More informationIMPACT OF HIGH OIL PRICES MODAL SHIFT POTENTIAL TECHNICAL REPORT TEMS ON FREIGHT TRANSPORTATION: IN FIVE CORRIDORS
PREPARED FOR: MARITIME ADMINISTRATION, U.S. DEPARTMENT OF TRANSPORTATION IMPACT OF HIGH OIL PRICES ON FREIGHT TRANSPORTATION: MODAL SHIFT POTENTIAL IN FIVE CORRIDORS TECHNICAL REPORT PREPARED BY: TEMS
More informationWORLD ENERGY OUTLOOK 2012 FACTSHEET How will global energy markets evolve to 2035?
How will global energy markets evolve to 2035? Taking all new developments and policies into account, the world is still failing to put the global energy system onto a more sustainable path. The New Policies
More information2012 NATURAL GAS MARKET TRENDS
California Energy Commission STAFF REPORT 2012 NATURAL GAS MARKET TRENDS In Support of the 2012 Integrated Energy Policy Report Update CALIFORNIA ENERGY COMMISSION Edmund G. Brown Jr., Governor MAY 2012
More informationOil Price and Korean Economy
Oil Price and Korean Economy April 17, 2015 Jaerang Lee - Contents - I. Oil Price Outlook II. Effects on Korean Economy III. Conclusion I. Oil Price Outlook Oil prices have lowered to around mid 50 dollars
More informationUS and China Energy: Swapping Places in World Markets
US and China Energy: Swapping Places in World Markets Dr David Robinson OIES 23 January 2014 Energy for Economics Madrid 1 Sources and Caveat These slides include references to the history and forecasts
More informationUNECE Energy Week Geneva. in Energy Security
UNECE Energy Week Geneva Investing in Energy Security Committee on Sustainable Energy and related Meetings Wednesday 28 November 2007 Special Session: Investing in and Financing the Hydrocarbon Sector
More informationOil & Gas Capital Expenditure Outlook 2013. GDGE0020TR / Published January 2013
Oil & Gas Capital Expenditure Outlook 2013 GDGE0020TR / Published January 2013 Global Oil and Gas Capital Expenditure is Expected to Increase to US$XX Billion in 2013 The global oil and gas capital expenditure
More informationNorth American Midstream Infrastructure through 2035: Capitalizing on Our Energy Abundance. An INGAA Foundation Report, Prepared by ICF International
North American Midstream Infrastructure through 2035: Capitalizing on Our Energy Abundance An INGAA Foundation Report, Prepared by ICF International Executive Summary March 18, 2014 Background Since the
More informationInternational Index of Energy Security Risk
International Index of Energy Security Risk Assessing Risk in a Global Energy Market 2013 Edition Institute for 21st Century Energy U.S. Chamber of Commerce www.energyxxi.org The mission of the U.S. Chamber
More informationCrude Pipeline & Rail Infrastructure Overview. Presentation For: 8 th Annual Pipeline Development & Expansion Conference September 17, 2013
Crude Pipeline & Rail Infrastructure Overview Presentation For: 8 th Annual Pipeline Development & Expansion Conference September 17, 2013 Agenda» New Crude Production» Pipeline Projects» Rail Developments»
More informationFree Energy Trade: Time to Lift the Oil Export Ban
POLICY BRIEF Free Energy Trade: Time to Lift the Oil Export Ban BY DERRICK FREEMAN DECEMBER 2014 Introduction In July 2014, the United States passed Saudi Arabia and Russia to become the world s biggest
More informationNatural Gas Supply and Development - North American Oil
Chapter One Crude Oil and Natural Gas Resources and Supply Abstract Prudent development of North American crude oil and natural gas resources should begin with a reliable understanding of the resource
More informationDer europäische Energiemarkt im Einfluss globaler Entwicklungen Auswirkungen unkoordinierter, regionaler Energiestrategien
Der europäische Energiemarkt im Einfluss globaler Entwicklungen Auswirkungen unkoordinierter, regionaler Energiestrategien DI Dr.techn. Christian Panzer Wien Energie Unternehmensentwicklung Web: http://wienenergie.at
More informationLifting the Crude Oil Export Ban
September 2015 Lifting the Crude Oil Export Ban Explainer III: Geopolitical Ramifications of Lifting the Crude Export Ban In 1975, Congress passed the Energy Policy and Conservation Act, which paved the
More informationOil markets : a new normal or just another cycle, and what does it mean for Asia?
Oil markets : a new normal or just another cycle, and what does it mean for Asia? His Royal Highness Prince Abdulaziz bin Salman Al-Saud, Vice Minister for Petroleum and Mineral Resources, Saudi Arabia;
More informationRoom XXVI Palais des Nations Geneva, Switzerland. Oil Market Outlook. Eissa B. Alzerma Oil Price Analyst Petroleum Studies Department, OPEC
UNCTAD Multi-Year Expert Meeting on Commodities and Development 2013 Recent developments and new challenges in commodity markets, and policy options for commodity-based inclusive growth and sustainable
More informationUnited Nations Conference on Trade and Development
United Nations Conference on Trade and Development MULTI-YEAR EXPERT MEETING ON COMMODITIES AND DEVELOPMENT 21-22 April 2016, Geneva Oil price trends, forecasts and their implications for developing economy
More information