RBN’s Daily Energy Blog and Insights sharpen your energy IQ through fundamentals-based analysis that makes sense of North America’s energy market dynamics.
Until the fall in crude oil prices over the past few days, U.S. oil and gas producers had been basking in the glow of the highest oil prices in years. Not surprisingly, in the first quarter of 2018 the 44 major U.S.
With oil prices higher than they’ve been in some time, it’s no surprise that the 44 major U.S. exploration and production companies we track reported — as a group — the highest quarterly profit and cash flow since 2014.
It’s no surprise that the plunge in crude oil prices between mid-2014 and early 2016 was a five-alarm wake-up call for the 44 exploration and production companies we follow.
The plunge in crude oil prices that started in mid-2014 had a major and lasting impact on the 44 exploration and production companies (E&Ps) we’ve been tracking, triggering a $188 billion swing in net results — from $57 billion in pre-tax operating profits in 2014 to $131 billion in losses in
Four years ago this month, crude oil was selling for north of $100/bbl and natural gas prices were more than 50% higher than they are now. But while hydrocarbon prices sagged later in 2014 — and through 2015 and early 2016 — the declines didn’t deal a crippling blow to U.S.
Defying predictions of widespread bankruptcies and credit defaults, the U.S.
Despite widespread predictions that the oil and gas exploration and production sector would drown in an ocean of red ink after the crude oil price crash that started a little over three years ago, E&P companies finally returned to profitability in 2017.
How a company or industry handles adversity is a valuable test of its mettle. But assessing long-term sustainability requires a second test: handling prosperity. Recently released 2017 results of U.S.
The Crude Voyager is a weekly analysis of U.S. Gulf Coast loading activity that explains the ebbs and flows of crude loadings, destinations, and geopolitical issues impacting U.S. exports. It outlines the major paths for laden tankers hauling U.S. crude all over the world and reflects the change in tanker departures to the main regions that consume U.S. crude.
While the recently enacted federal tax cuts have been widely viewed as a boon to corporate America, including businesses in the energy sector, a new report by our friends at East Daley Capital finds a major drawback in the law for midstream companies.
The recent rise in crude oil prices to levels not seen since late 2014 certainly has captured everyone’s attention, and generally boosted the financial prospects for U.S. producers and midstreamers alike.
