EIA explores effects of not building future interstate natural gas pipelines
In the Annual Energy Outlook 2022 (AEO2022), Issues in Focus: Exploration of...
In the Annual Energy Outlook 2022 (AEO2022), Issues in Focus: Exploration of the No Interstate Natural Gas Pipeline Builds, the EIA analyzes the effects on the energy market if no additional U.S. natural gas pipeline capacity is built between 2024 and 2050. In the No Interstate Natural Gas Pipeline Builds case, we project 5% less natural gas production and 4% less natural gas consumption in 2050 compared with the Reference case. The EIA also projects that the Henry Hub spot price in 2050 would be 11% higher in that case than in the Reference case.
Collapse in Oil Curve Shows U.S. Release Has Calmed Market
(Bloomberg) Oil is still in backwardation -- a bullish market structure where near-dated...
(Bloomberg) Oil is still in backwardation -- a bullish market structure where near-dated prices are pricier than those further out -- but it’s eased to levels near where they were before Russia’s invasion of Ukraine threw the market into turmoil.
The six-month time spread for West Texas Intermediate was $6.15 a barrel at 10:17 a.m. London time on Monday, compared with $7.05 at the end of Friday and $13.46 at the close on Wednesday before the U.S. announcement. The similar spread for global benchmark Brent crude also narrowed sharply.
The redrawing of the curve indicates the market is a lot less anxious about supply shortfalls since the White House said it would release 1 million barrels a day of oil from its reserves for six months.
(Bloomberg) Oil prices have fallen to levels that don’t reflect the risk of disruptions to Russian...
(Bloomberg) Oil prices have fallen to levels that don’t reflect the risk of disruptions to Russian exports or the ability of China to keep the coronavirus pandemic under control, according to the world’s biggest independent crude trader.
“Oil feels cheaper than most would’ve predicted,” Mike Muller, Vitol Group’s head of Asia, said Sunday on a podcast produced by Dubai-based consultant and publisher Gulf Intelligence. “Oil prices could be higher given the risk of disruption of supplies from Russia. But people are still lost figuring out those numbers.”
🔥From Twitter: New mineral listing in McClain County, OK, Sec 34-6N-4W
🔥NEW LISTING🔥 located in Section...
🔥NEW LISTING🔥 located in Section 34-6N-4W, McClain County, OK, with 25 net acres @ 1/8th royalty.
This is under the CPRP Tecate Well 1-34-3-WXH which has produced 280K+BO and 6Bcf of gas. Log in or get access at https://t.co/Ml46VWthCg#minerals#EFT
— Oklahoma Minerals (@OklahomaMineral) April 3, 2022
