Here is a preview of developments to watch for this week in the oil market. PHOTO SOURCE: OPEC
(The views and opinions expressed in this article are those of the attributed sources and do not necessarily reflect the position of Rigzone or the author.)
The OPEC+ alliance of major oil producers plans to meet this week. Who will participate in the meeting should provide a clue about the group’s intentions, says one of Rigzone’s market observers. Read on for his explanation, along with a perspective on the direction of U.S. gasoline imports, in this installment of what to watch in the oil market.
Rigzone reviews some oil and gas market hits and misses for the week ending April 23, 2021.
(The views and opinions expressed in this article are those of the attributed sources and do not necessarily reflect the position of Rigzone or the author.)
Although the oil demand outlook in the United States and elsewhere has been improving, market conditions have not gotten better for some key players in the Permian Basin. So says one of Rigzone’s regular oil and gas market-watchers. Find out which segment is still waiting for a recovery, along with other insights, in this installment of oil and gas market hits and misses.
Is the Oil Demand Outlook Too Modest? rigzone.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rigzone.com Daily Mail and Mail on Sunday newspapers.
Here is a preview of what to watch in the oil and gas markets this week.
(The views and opinions expressed in this article are those of the attributed sources and do not necessarily reflect the position of Rigzone or the author.)
Much of the discussion about the energy transition references renewables such as solar and wind, but one informed market-watcher tells Rigzone that a more conventional resource – natural gas – will increasingly become a driving force behind the shift. Keep reading for his rationale, along with other insights about other oil and gas market trends to watch.
Tom McNulty, Houston-based Principal and Energy Practice leader with Valuescope, Inc.: Natural gas will become more and more the topic of discussion alongside oil. It is the fulcrum molecule in the energy transition, and I think demand for it will double rapidly. For power generation it is critical to support larger-capacity reliance on renewables, until such time that storage can make a real differe