• 2 minutes U.S. Presidential Elections Status - Electoral Votes
  • 5 minutes “Cushing Oil Inventories Are Soaring Again” By Tsvetana Paraskova
  • 7 minutes United States LNG Exports Reach Third Place
  • 1 min Joe Biden's Presidency
  • 21 hours https://www.prageru.com/video/whats-wrong-with-wind-and-solar/
  • 4 mins The World Economic Forum & Davos - Setting the agenda on fossil fuels, global regulations, etc.
  • 16 hours Here it is, the actual Complaint filed by Dominion Voting Machines against Sydney Powell
  • 13 hours Is the Chinese CCP Following the Left's Leadership, or the Left Following the CCP's?
  • 3 hours Did I Miss Something?
  • 2 days JACK MA versus Xi Jinping
  • 2 days Researchers Are Harvesting Precious Metals From Industrial Waste
  • 1 day CNN's Jake Tapper questions double amputee purple heart recipient GOP Rep's commitment to democracy. Tapper is a disgrace.
  • 1 day 'Get A Loan,' Commerce Chief Tells Unpaid Federal Workers
  • 1 day Minerals, Mining and Industrial Ecology
  • 1 day Do Republicans like Liz Cheney, Adam Kinzinger, Mitt Romney and now McConnell think voting for Impeachment can save the party ? Without Trump base what is the Republican constituency ? It's over.
Is This The Most Exciting ESG Play Of 2021?

Is This The Most Exciting ESG Play Of 2021?

The ESG boom brought in…

Oil Rallies Despite Growing Demand Concerns

Oil Rallies Despite Growing Demand Concerns

Oil prices rebounded on Tuesday…

Has Big Oil Turned Its Back On Alaska?

Has Big Oil Turned Its Back On Alaska?

Alaska recently attempted to auction…

Editorial Dept

Editorial Dept

More Info

Premium Content

Can U.S. Shale Rebound?

1. Upside potential for beaten-down energy stocks

- Oil and gas markets are far from healthy, but with crude prices stable and natural gas prices on the rise, drilling and completion activity could grind higher, according to Morgan Stanley.

- Capex will likely remain flat in 2021, but will increase in 2022 and 2023, the bank believes.

- Key risks to the oilfield services sector include pandemic-related shutdowns, election risks and OPEC behavior. But upside risk includes the possibility of industry consolidation, which would improve supply-side dynamics and oilfield services pricing.

- Morgan Stanley revised up its EBITDA estimates by 4 percent across its coverage area, with top picks in the oilfield services segment including Liberty Oilfield Services Inc (NYSE: LBRT), Nextier Oilfield Solutions (NYSE: NEX) and Cactus Inc (NYSE: WHD). LBRT is up 46 percent since announcing its purchase of Schlumberger’s (NYSE: SLB) OneStim business in September.

2. Demand concerns reemerge as covid cases soar

- Global oil demand rose rapidly between April and July, increasing by 14.7 mb/d from the low point. However, as of July, demand was still down 8.2 mb/d from a year-ago levels.

- Preliminary data suggests that demand increased in August and slightly in September.

- However, mobility data shows that the end of summer holidays and the surging cases of Covid-19 in many countries has more recently led to a decline in demand.

-…





Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News