Energy Week

Energy Week

Ellen Wald and Ryan Ray discuss the week's events in energy, and what it all means to you.

Episodes

September 20, 2021 52 min
Natural-Gas Prices Surge, and Winter Is Still Months Away
https://www.wsj.com/articles/natural-gas-prices-surge-and-winter-is-still-months-away-11631986861
- historically speaking crude oil prices actually do warrant new drilling but companies aren't.
- Why aren't companies drilling more? Lack of money? Why isn't the money interested?

Oil falls as storm-hit U.S. supply trickles back into market
https://www.reuters.com/busine...
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Economic Costs Accumulate as Countries Worried by Delta Variant Extend Border Closures
https://www.wsj.com/articles/economic-costs-accumulate-as-countries-worried-by-delta-variant-extend-border-closures-11631387873

Is the Delta wave over? Or has it not hit the Northeast?
Can we assume that economic activity and travel isn't going to go back down?

City in China restricts movement amid outbreak
https://www.dw.com/en/coronavirus-digest...
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Connect with our guest: https://twitter.com/GasBuddyGuy

Oil steadies as Hurricane Ida weakens, OPEC+ in focus
https://www.reuters.com/business/energy/oil-rises-hurricane-ida-pounds-us-crude-patch-louisiana-2021-08-30/

Louisiana refineries slammed by Hurricane Ida
https://www.argusmedia.com/en/news/2248918-louisiana-refineries-slammed-by-hurricane-ida

Colonial Pipeline expects to resume service after assessing Ida’s impact
https://www...
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Oil jumps 4% on weaker dollar after seven days of losses
https://www.cnbc.com/2021/08/23/oil-markets-covid-dollar.html

Crude Oil Surges; Rebounding After Torrid Week
https://finance.yahoo.com/news/crude-oil-surges-rebounding-torrid-092802254.html

- Can oil really hit $80 by the end of the year?
- Last week's selloff was overdone, so oil is rebounding now.
- Plenty of reasons to see demand suffering due to coronavirus
- Sentiment is a ...
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Listen to Inside the War Room: https://shor.by/insidethewarroom

Oil prices drop amid faltering demand outlook in China
https://www.cnbc.com/2021/08/16/oil-markets-demand-outlook-in-china-covid.html
- Is it Delta variant? Is is lockdowns? Is it crackdowns on independent refiners?
- Are there larger economic forces at play in Chinese demand?
- Can China put pressure on OPEC to pro...
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https://www.youtube.com/c/WarRoomMedia

Oil falls in biggest weekly decline in months on demand worries
https://www.reuters.com/business/energy/us-oil-set-biggest-weekly-loss-since-oct-delta-variant-fans-demand-worries-2021-08-06/
- Is the $80 oil call under threat?
- Oil company stocks are holing pretty steady, despite good earnings and falling oil
- Is it Delta? What IS Delta, and why do we need to know?

Oil majors tread cautiously in P...
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On this episode of the Energy Week Podcast, Ryan Ray and Ellen Wald talk about Chinese demand, Q2 earnings, and the cost of solar.


Oil prices slide on worries over China economy and higher crude output
https://www.cnbc.com/2021/08/02/oil-markets-china-economy-opec.html
- highest gasoline consumption
- broke record for TSA screenings showing Americans are on the m...
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Oil falls as coronavirus, slower China imports hit demand
https://www.reuters.com/business/energy/oil-prices-little-changed-coronavirus-floods-threaten-demand-2021-07-26/
- how much impact will floods in China actually have on demand?
- and what about the teapots? their quotes are down in H2

Chinese oil companies fill void in Iraq
https://www.al-monitor.com/originals/2021/07/chinese-oil-companies-fill-void-iraq
- But do Chinese companies...
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Dr. Dean Foreman and June MSR

https://www.api.org/products-and-services/statistics/apis-economic-industry-outlook

- validating what we’ve seen
- Urban driving activity on the gasoline side + tourism
- Jet fuel demand is up, June is the strongest month so far. 4th straight month of increase for jet fuel. 8% increase from May. Still 1/5 below where it was in 2019. International travel hasn’t picked up yet.
- petrochemicals: medical pl...
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U.S. Refineries Eye Week of Strong Gasoline Demand With Caution
https://financialpost.com/pmn/business-pmn/u-s-refineries-eye-week-of-strong-gasoline-demand-with-caution
- summer is in full swing and so is gasoline demand
- Was July 4 the height of gasoline demand? Is is downhill from here? Or will we see another surge when people go back to work/office in September?

https://twitter.com/GasBuddyGuy/status/1414286726281969671?s=20

Bi...
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More from Ryan:
https://twitter.com/ryanraysr
https://shor.by/insidethewarroom

Connect with Ellen:

https://twitter.com/EnergzdEconomy

Paul Hickin with S&P Global Platts @GramscianPaul

Undersea gas pipeline rupture causes fire in Gulf of Mexico
https://apnews.com/article/mexico-fires-business-e6e053384af21242722f2f3fc1acb27d
- PEMEX fault, not “capitalism”
- Mexico actually the first country to nationalize its subsoil resources
- PEME...
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Upbeat US shale sector still not primed for growth
https://www.argusmedia.com/en/news/2228807-upbeat-us-shale-sector-still-not-primed-for-growth
- lack of new capital for oil and gas investments could hamstring production in coming years.
- 1/400 investors seems willing to provide funding

Ahead of talks, OPEC forecasts point to oil supply deficit in August
https://www.reuters.com/world/middle-east/ahead-talks-opec-forecasts-point-oil-su...
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Column - Global passenger aviation’s uneven recovery from the pandemic: Kemp
www.reuters.com/article/us-global-aviation-kemp-column/column-global-passenger-aviations-uneven-recovery-from-the-pandemic-kemp-idUKKCN2DX1M1
- domestic travel in the US is up - TSA screened 2.1 million travelers on Sunday
- business travel people will put up with the restrictions and possibly getting stuck. Leisure won't pick up until the covid protocols...
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ExxonMobil might change its tune on regulatory matters

WTI Oil Hits $70 for First Time Since 2018 as Market Tightens
https://financialpost.com/pmn/business-pmn/wti-oil-hits-70-for-first-time-since-2018-as-market-tightens
- China importing less oil now. 11.34 mbpd in May 2020, 9.86 mbpd in May 2021
- OPEC deciding not to increase production more than planned
- Anticipated Iranian oil didn’t come back on the market
- Demand rising, especia...
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COVID 19 IMPACT ON EUROPEAN AVIATION
https://www.eurocontrol.int/sites/default/files/2021-05/covid19-eurocontrol-comprehensive-air-traffic-assessment-20052021.pdf
- travel within Europe is down 57% — because of lockdowns as opposed to fear?
- intra-Europe flow as increased 16% over 2 weeks but intra-Europe flight are still down 63% compared to 2019.

Are Vaccinated Americans Powering the Economy? Not Yet, Data Show
https://www.wsj.com/ar...
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Check out Ellen’s new column:
Green Energy Solutions Start at Factory Gates
https://www.bloomberg.com/opinion/articles/2021-05-17/green-energy-factories-can-solve-emissions-by-generating-own-power

Blackouts Threaten Entire U.S. West This Summer as Heat Awaits
https://finance.yahoo.com/news/u-west-facing-white-knuckle-111527363.html
- the issue is that coal and gas powered plants are closing and not being replaced, not the rapidly chang...
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Colonial Pipeline
- if things get fixed by Tuesday shouldn’t have problems.
- If it goes on longer could really see problems
- some reports that Motiva shut crude oil units due to this, but could be it was duet o a power outage

US passes emergency waiver over fuel pipeline cyber-attack
https://www.bbc.com/news/business-57050690

U.S. Pipeline Shutdown Exposes Cyber Threat to Energy Sector
https://www.wsj.com/articles/u-s-pipeline-shutdown...
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Eliminating natural gas in housing could cost $5.9B
https://www.sfexaminer.com/news/eliminating-natural-gas-in-housing-could-cost-5-9b/

Wyoming backs coal with $1.2M threat to sue other states
https://columbiabasinherald.com/news/2021/may/03/wyoming-backs-coal-with-12m-threat-to-sue-2/

- San Francisco gets 60% of its electricity from the Hetch Hetchy dam
- Even switching away from natural gas won’t eliminate enough emissions to actually...
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Oil demand to buckle in India as COVID-19 surge wreaks havoc
https://financialpost.com/news/oil-demand-to-buckle-in-india-as-covid-19-surge-wreaks-havoc

Crude runs, oil demand feel pain as India's COVID-19 crisis hits like never before
https://www.spglobal.com/platts/en/market-insights/latest-news/oil/042621-crude-runs-oil-demand-feel-pain-as-indias-covid-19-crisis-hits-like-never-before

- Is Covid in India going to destroy oil dem...
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Top official says asking China to do more on climate is "not very realistic"
https://www.axios.com/china-climate-change-226c9e50-243e-44e6-a4bf-e1fb1522bb19.html
Do we want to partner with China on how they regulate things at all?
China probably won’t institute what we can China to do on climate change?
China commits to peak emissions by 2030, which is totally unrealistic unless they totally stop manufacturing steel.
What about ...
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