OPEC Puts Icing on the Cake

BOSTON, MA, December 1, 2017 OPEC Puts Icing on the Cake As expected, OPEC and its non-OPEC partners have extended their production agreement through 2018 and even assigned “soft targets” to include Nigeria and Libya. Saudi Arabia’s Energy Minister, Khalid Al Falih made it clear in his opening remarks that the goal of the year-old…

Hedging and Pipelines Support Shale Growth

BOSTON, MA, November 29, 2017 Hedging and Pipelines Support Shale Growth Higher oil prices have encouraged hedging 2018 shale output, supporting production even as procyclical costs are lifting breakeven prices, according to ESAI Energy’s North America Watch. With a weighted average floor price of $50 per barrel, roughly 1.5 million b/d of production has been…

LNG Market to Rebalance

BOSTON, MA, November 28, 2017 LPG Market to Rebalance The end is in sight for the run on global LPG stocks, according to ESAI Energy’s recently published Global LPG One-Year Outlook. In 2018, the geographically widespread growth of LPG production from fractionation will gradually begin to pull the market out of deficit. Year-on-year declines in…

Indian Oil Demand to Bounce Back in 2018

BOSTON, MA, October 27, 2017 Indian Oil Demand to Bounce Back in 2018 India’s consumption of oil products will accelerate in 2018 after unusually slow growth in 2017, according to ESAI Energy’s newly published Asia Watch Products. The report explains that, due to a faltering economy, demand growth slowed for almost every fuel in 2017,…

The End of Oil Sands Mega Projects

BOSTON, MA, October 25, 2017 The End of Oil Sands Mega Projects ESAI Energy forecasts growth from the Canadian Oil Sands will be a substantial 250,000 b/d in 2018, but as producers face challenges associated with relatively high costs in a recovering oil price environment, Oil Sands projects in the next few years will be…

Saudi Price Hikes Cut Fuel Demand

BOSTON, MA, October 18, 2017 Saudi Price Hikes Cut Fuel Demand Transportation fuel demand in Saudi Arabia will decline again in 2018, according to ESAI Energy’s newly published Middle East Watch Products. The report explains that the government is expected to raise the retail price of gasoline and diesel as soon as next month. The…