June 25, 2018
| Frank A. Verrastro, Larry Goldstein, Albert HelmigU.S. light tight oil continues to impress, although logistical constraints, especially pipeline bottlenecks in evacuating Permian oil and associated gas, could hamper or at least delay further near-term increases.
Venezuela’s loss of production volumes was the largest global unplanned fall in crude oil output in 2017, a trend that has continued to intensify into 2018 and has the potential to get significantly worse in the coming months.
June 11, 2018
| Frank A. Verrastro, Larry Goldstein, Albert HelmigThe global oil market continues to evolve in both predictable and yet uncertain ways. Like previous OPEC meetings, next week’s discussions, including the emerging rifts between the larger members with spare capacity and those without such luxury, will need to be managed.
May 31, 2018
| Frank A. Verrastro, Andrew J. StanleyWhile higher oil prices have provided Venezuela with an economic lifeline in the past, the dramatic collapse of production and exports makes it increasingly impossible for even such revenue inflows to alter Venezuela’s fate.
By most accounts, the Organization of Petroleum Exporting Countries (OPEC) successfully concluded its November 30 meeting by agreeing to extend the production cuts an additional nine months, to run through the end of 2018, and seeking to cap output from Nigeria and Libya,...
For the past month, oil prices had been poised to rally. OPEC’s now eight-month “freeze” is clearly having an impact on accelerating the long-anticipated oil market rebalancing, as over the first half of the year global stocks (or at least those we can count with a...
The lessons learned from Harvey (and more recently from Hurricane Irma) are causing policymakers, industry, and affected local populations to reevaluate critical infrastructure and, once again, highlight the pivotally important roles of design and engineering for prevention,...