North America Value-Chain Results

  • For some, perhaps it is last-minute costume designing/planning for Halloween. For most, there is a much more important date circled in the calendar a few days beyond that is being nervously awaited. As the countdown is now just a week, this has become the focus of the majority of our conversations. However, this week we touch on some additional areas that we think the market should be paying attention to that will impact energy near term regardless of the US election outcome.
    Mon, Oct 26, 2020
  • We heard at our Energy Intelligence Forum last week that there were many questions around the path forward for shale given its extreme struggles this year, and we also got to hear from some of the key players in the patch themselves (some who are front and center in M&A newsflow). An election is front and center in determining the path forward, and this week we touch on some of our latest thinking, including a more moderate view of the impact under a potential President Joe Biden.
    Mon, Oct 19, 2020
  • The first Energy Intelligence Forum (and first virtual one of course) was a strong success with over 2,000 participants tuned in to hear how the industry is feeling about many things—how the challenges of the current environment are affecting business decisions and reshaping strategies, how the uncertainties of the transition ahead over the next decade and beyond are being dealt with, and how it is dealing with changes in policies, investor appetites and perceptions around good vs bad (oil?) energies.
    Thu, Oct 15, 2020
  • We all know what the first October surprise was last Friday, but surely this is going to be a roller-coaster ride all month. This week, we touch on some of the key areas that we are focused on—some political of course (let’s face it, there are few other things the world will care more about this month), but other market-related matters as well as our flagship annual conference—the Energy Intelligence Forum—coming up next week.
    Tue, Oct 6, 2020
  • Today kicks off the presidential debates, and with it the final stretch ahead of the US elections in early November. While clarity on what actually happens may take until well after Nov. 3, there are many facets of how the path forward is set to impact the domestic energy landscape. “Aboveground” risks have already started to brew in the US for some time, but several risk factors could be kicked into gear from 2021 onward.
    Mon, Sep 28, 2020
  • We alluded to this last week, but the softness in the oil market backdrop (drifting away toward the $50 per barrel threshold and closer to the $40/bbl level for Brent, and lower for WTI) is adding additional stress as 2021 budgeting season begins. This is sure to impact the shale patch, where despite shut-in production being brought back, an oil price still in the $30s and a sharp reversal in natural gas prices has led to downward revisions to our supply outlook.
    Mon, Sep 21, 2020
  • A sharp shift in the oil market backdrop away from drifting toward the $50 per barrel threshold to instead falling to the $40/bbl level (and below) comes at a tough time for the industry as it begins to budget and plan for 2021. Underwriting a $40-$45/bbl price means a potential further drop in spending next year compared to this year, which industry heavyweights Saudi Aramco and Exxon Mobil have already alluded to. We touch on this and its implications this week.
    Mon, Sep 14, 2020
  • Labor day has come and gone, and back to school season has been unpleasant so far. Just a few weeks removed from oil prices looking like they were headed toward the $50 per barrel threshold (buoyed by rising risk and market appetite), but the reversal since has been quite stark. In this week's NAVigator, we quickly touch on what’s ahead and how some of the impacts on the supply side (especially in the US) could have quite a few longer-lasting effects.
    Tue, Sep 8, 2020
  • Hard to believe that September is already here, and with it a time for the industry to eye the march toward the end of the year. One particular market that seems to have taken some premature strides toward a more typical seasonal spike is US natural gas. In this week's NAVigator, we provide some updated thoughts on how we see this market evolving. Of course, LNG exports is now a swing segment for this product so we also touch on how we see the recovery for US liquefiers over the coming year.
    Mon, Aug 31, 2020
  • The final few weeks of August may be slow, but they’re also a time to refocus on the political messages from both sides of the aisle as their respective conventions are held. The final stretch leading up to the November US Presidential election is upon us, and this week we touch on some of the topical areas that we have been recently paying attention to. These are sure to be conversation topics heading into 2021 and beyond.
    Mon, Aug 24, 2020