Ty's Take January 2019

Last month, I sent you all my outlook and market predictions for 2019. In that analysis, I spent a great deal of time focused on the supply side of the equation. In short, I predicted that continued growth in U.S. Shale production, coupled with OPEC+ (referring to OPEC members + Russia and others who had agreed to production cuts) rapidly rising pr...
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OPEC+ Cuts: Are They Enough

When I sent out the 2019 Market Outlook, OPEC+ had just agreed to cuts of 1.2 million barrels per day in an effort to help re-balance the market. At the time I sent the email, the general amount of the cuts were agreed, but the amount each member would cut had yet to be determined. What was agreed to: OPEC would cut 800,000 barrels and Russia + its...
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Is a Global Slowdown on the Horizon?

As will be discussed in this week's Ty's Take, my previous concerns, expressed in our 2019 Market Outlook regarding the supply side of the oil equation are abating. However, they have been replaced by concerns on the demand side. A booming U.S. and world economy may be showing signs of slowing down. U.S. manufacturers reported the broadest slowdown...
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Oilfield Services Outlook 2019: Mixed Signals

In our special edition newsletter sent out at the end of 2018, we discussed some of the headwinds facing oil. The dramatic drop in a short three-month period of oil prices left many of us scratching our heads wondering what would be next. How would drillers react to the overwhelmingly negative sharp turn of events? While we have more data, not much...
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America’s Light Sweet Problem

America could become a net energy exporter by 2020. America is now the world's biggest producer of oil. Wow! And American crude oil is the best in the world. Really. We make the best oil. Ever. In fact, it's arguably too good… And oddly, that's a problem. A light, sweet problem. And, we have an infrastructure problem… But first. Some background. As...
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U.S. To Become Net Energy Exporter By 2020

On January 24, 2019, the EIA released its Annual Energy Outlook for 2019. One of the most exciting takeaways from the report: By 2020, the United States will become a net energy exporter. That is outstanding news and game changing for our industry. Lets build some historical context. The United States has imported more energy than it exports since ...
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Ty's Take: 2019 Oil Market Outlook

Merry Christmas!Thank you for taking the time to read this article on our market outlook for 2019.I wanted to write this article because I see very contradictory opinions as to where oil markets are headed in 2019.And, I've had a few of our customers call and ask me for my impressions of the market now and going forward.So, I thought I would send o...
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The Week In Numbers for the Week Ending April 21, 2017

In each edition of the Standard, we strive to provide you a bare bones summary of what happened to the price of WTI, Natural Gas, and Brent Crude. In addition, we...
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U.S. Oil Data May Create False Impression

Every week many of us pour over numbers.  We look at the “rotary” rig count data from Baker-Hughes, API Inventory reports, and EIA reports.  That’s in addition to the monthly reports...
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OPEC Cuts Appear To Be Working

Finally!  Over the past few weeks we have started seeing some inventory draws as reported by the EIA in its weekly assessment of U.S. Inventories.  And that is good news indeed. ...
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