• 2 minutes California to ban gasoline for lawn mowers, chain saws, leaf blowers, off road equipment, etc.
  • 6 minutes China and India are both needing more coal and prices are now extremely high. They need maximum fossil fuel.
  • 11 minutes Europeans and Americans are beginning to see the results of depending on renewables.
  • 30 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 8 hours The Climate Scare Stories Began With Far Left Ideology Per GreenPeace Co-Founder
  • 5 hours Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 9 hours Putin and Xi have decided not to attend the Climate Summit in Glasgow
  • 3 days "A Very Predictable Global Energy Crisis" by Irina Slav --- MUST READ
  • 15 hours Biden Sets Target Of 50% EV Share In U.S. Car Sales In 2030
  • 12 hours "The Hidden Story About California's Container Ship Backlog" via Corbett Report
  • 4 hours Storage of gas cylinders
  • 3 days Two Good and Plausible Ideas about Saving Water and Redirecting it to Where it is Needed.

Breaking News:

California Gasoline Prices Are Spiking

Is $85 The New Normal For Oil Markets?

Is $85 The New Normal For Oil Markets?

Oil prices are set to…

The Commercial Case For Green Hydrogen

The Commercial Case For Green Hydrogen

Hydrogen, especially green hydrogen, has…

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




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News