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Enverus Government & Regulatory articles offer the most up-to-date coverage of policies that impact the energy industry, as well as the analysis of the effects of these policies on the industry and commodity markets.
Gas Draw Above Expectations, COVID-19 and OPEC+ Impacts Still Brewing
Natural gas storage inventories decreased 19 Bcf for the week ending March 27, according to the EIA’s weekly report. This was larger than the expected draw of 15 Bcf. Working gas storage inventories now sit at 1.986 Tcf, which is 863 Bcf above inventories from the same time last year and 292 Bcf above the […]
Lessons in Risk Management: What We Can Learn from One Trader’s $300 Million Loss
Forward curve management reduces risk, exposure to trade losses, and generates ROI Even multi-national conglomerates can suffer devastating trade losses. Late last year, a subsidiary to a global manufacturing firm was forced to shutter after a single oil derivatives trader racked up more than $300 million in losses when his positions settled prematurely. “Sound […]
The Street Strikes Back: Oil & Gas Operators Shown No Mercy
October 9, 2019
Crashing Oil Prices and Equity Market Volatility Grind Energy Deals to a Halt
Austin, Texas (April 2, 2020) – Enverus, the leading oil & gas SaaS and data analytics company, has released its Q1 summary of M&A activity, which revealed a substantial collapse as oil prices plunged to 18-year lows. Only $770 million in U.S. upstream deals were completed during the first quarter of 2020—less than one-tenth of […]
Coronavirus Power Demand Destruction Forecasting 101
When the coronavirus power load demand destruction began appearing in Enverus Trading & Risk’s daily ISO load forecasts, our team had to quickly tackle a new set of realities. Just like businesses all over the world, we were faced with never-before-seen scenarios as a result of the nationwide shutdowns. Our machine learning-based forecasting tools have […]
Whipsawed Into Reading Tea Leaves—Is This What It’s Come Down To?
Equity markets go down 10% in a day, then stage the biggest rally ever seen. Then they go down again. Then they rally, only to lose ground in the next trading session. And oil prices? Same story. From March 5-18, prices dropped by nearly 60%. From March 18-20, prices rose by 35%—no doubt due to […]
Prices Drop Further After A Large Crude Inventory Build
US crude oil stocks posted an increase of 13.8 MMBbl. Gasoline inventories increased by 7.5 MMBbl and distillate inventories decreased by 2.2 MMBbl. Yesterday afternoon, API reported a large crude oil build of 10.5 MMBbl alongside a gasoline build of 6.1 MMBbl and a distillate draw of 4.5 MMBbl. Analysts, were expecting a smaller crude […]
The Week Ahead For Crude Oil, Gas and NGLs Markets – March 30, 2020
CRUDE OIL May WTI settled at $21.51/bbl on Friday, down from last Wednesday’s high of $25.24/bbl. As of this morning’s trading, front-month WTI was testing support at $20/bbl and the front spread has continued deeper into contango at $3.81/bbl. The last time the front spread was this far in contango was in February 2011, when […]
EIA Reports Gas Draw Above Expectations, Full Impact of COVID-19 Yet To Be Seen
Natural gas storage inventories decreased 29 Bcf for the week ending March 20, according to the EIA’s weekly report. This was larger than the expected draw of 26 Bcf. Working gas storage inventories now sit at 2.005 Tcf, which is 888 Bcf above inventories from the same time last year and 292 Bcf above the […]
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