Coronavirus is spreading beyond China. Over 60 countries have confirmed cases and the number will continue to grow. The World Health Organization (WHO) is characterizing the risk level as ‘very high’. Anxiety about the economic fallout has infected oil price. This week’s SnapChart shows the recent slide of WTI, from over $US 60/B at the […]
As the Coronavirus spreads, so does a potential contagion for lower oil prices. The virus is likely to infect global natural gas markets too, especially since LNG prices were already compromised before the outbreak. Oil Price The price of WTI oil is currently sitting near $US 50/B, down more than $US 10 from one month […]
As we flip the calendar into the new year and a new decade, it’s a good time to pause and think about what the next 12 months and beyond may hold in store for the oil and gas industry. Here are some of the big questions that are front of mind as we start the […]
The International Energy Agency (IEA) published their closely-watched, annual World Energy Outlook (WEO) last week. At over 810 pages, the WEO publication is an encyclopedia on the state of energy today. The IEA’s three future scenarios illustrate widely diverging paths for the future of oil demand: Current Policies Scenario (CPS). This outlook assumes that the […]
