In The News

Reuters - Oil prices accelerate rise as OPEC+ calls off output talks
Monday, 07/05/2021

July 5, 2021 – Reuters

Oil prices accelerate rise as OPEC+ calls off output talks

By: Bozorgmehr Sharafedin

Overseas demand has depleted domestic stockpiles, leading to potential cold-weather price surges for U.S. households

Thin trading on a U.S. holiday to mark Independence Day added to volatility, and prices could move sideways in the near term on "buyer fatigue" after a long bullish trend, said RBN Energy senior analyst Martin King.

Prince Abdulaziz bin Salman, energy minister of Saudi Arabia, the biggest oil...

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WSJ - Propane Prices Are Cooking, Signaling Higher Winter Heating Bills for Many
Thursday, 07/01/2021

July 1, 2021 – Wall Street Journal

Propane Prices Are Cooking, Signaling Higher Winter Heating Bills for Many

By: Ryan Dezember

Overseas demand has depleted domestic stockpiles, leading to potential cold-weather price surges for U.S. households

People all over the world stopped driving and flying during lockdowns, but they didn’t stop cooking or heating their homes, which are the primary uses of propane among consumers from Italy to India. Meanwhile, petrochemical plants in China and other Asian countries kept running because of the...

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Forbes - Oilfield Service Firms Still Waiting To See Benefits Of Higher Prices
Wednesday, 06/23/2021

June 23, 2021 – Forbes

Oilfield Service Firms Still Waiting To See Benefits Of Higher Prices

By: Dan Eberhart

This explains why producers are swimming in free cash flow: they are reaping fat revenues from strong oil prices while keeping capital spending low. Producers have to do this to get back in the good graces of investors, who grew tired of the shale sector’s previous debt-fueled business model that saw it wildly outspend its cash flow to chase growth.

But those days are over, and they aren’t coming back.

In the first quarter...

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HBJ - Houston venture firm VC Fuel raising $600M for energy transition investments
Thursday, 06/17/2021

June 17, 2021 – Houston Business Journal

Houston venture firm VC Fuel raising $600M for energy transition investments

By: Chris Mathews

The Houston-based firm aims to provide venture capital funding to early-stage companies and to finance infrastructure development.

...

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S&P Global - Shale gas stocks keep gaining as price moves up past $3/MMBtu and stays
Friday, 06/11/2021

June 11, 2021 – S&P Global

Shale gas stocks keep gaining as price moves up past $3/MMBtu and stays

By: Bill Holland

Shale gas drillers uncharacteristically kept their money in their pocket with low-cost maintenance drilling plans holding production flat at roughly 91 Bcf/d in June, analysts said. The drillers now expect to reap a windfall of free cash, a strategy investors continued to reward over the last three months, even after a year of stock outperformance in 2020. Shares in most pure-play shale gas producers showed double-digit gains...

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