The Week Ahead For Crude Oil, Gas and NGLs Markets – March 2, 2020
[contextly_auto_sidebar] CRUDE OIL Crude oil futures ended last week at a 14-month low, with April WTI settling at $44.76/bbl on Friday. The rapid spread of COVID-19 outside of China and the rising likelihood of a global economic slowdown sent financial markets around the world into a selloff, and oil futures trading has not been immune […]
The Week Ahead For Crude Oil, Gas and NGLs Markets – February 24, 2020
[contextly_auto_sidebar] CRUDE OIL Crude oil futures trended higher over much of last week but lost ground on Friday amid renewed concerns over the spread of the COVID-19 virus. April WTI settled Friday at $53.38/bbl, a $0.50 drop from the day before, and is down more than 4% this morning. Outbreaks in South Korea, Italy and […]
Data Management is Everything for Energy Traders & Risk Professionals
Our customers have an enormous amount of data to manage, digest, and analyze in a quick, timely manner. How can customers have a single source of the truth to gather that data and mitigate risk? We asked Wendi Orlando, VP of Enverus Trading & Risk Product Management, and Ben Golden, Director of North American Professional […]
As the World Watches the Permian, Enverus Brings the Rockies & Bakken In Focus
Austin, TX (February 19, 2020) – Enverus, the leading oil & gas SaaS and data analytics company, has released its latest FundamentalEdge report focused on oil, gas and natural gas liquids production, pipelines, and prices in the Rockies and the Bakken. This report, Rockies & Bakken in Focus, reviews upstream and midstream activity in these […]
The Week Ahead For Crude Oil, Gas and NGLs Markets – Feb 18, 2020
[contextly_auto_sidebar] CRUDE OIL Front-month WTI futures settled at $52.05/bbl on Friday, breaking a five-week streak of down prices. An easing of concerns over the spread of COVID-19 has been widely cited by the trade press for the perceived increase in market optimism, but some amount of short covering likely played a role in sending futures […]
How Utilities Can Mitigate Price Risk With Enverus Forecasts
Third-party power forecasts are key when ISOs provide inaccurate load projections. Power market participants in the PJM, a regional transmission organization covering a large swath of the northeastern U.S., may remember Oct. 1, 2019 for the rest of their careers. PJM power traders that relied on their local ISO for load forecasting began the […]
The Week Ahead For Crude Oil, Gas and NGLs Markets – February 10, 2020
[contextly_auto_sidebar] CRUDE OIL Prompt WTI futures struggled to tread water just above $50/bbl last Friday after Russia said it would need more time to formulate its position vis-à-vis the proposed 600,000 bbl/d of additional OPEC+ production cuts. The coronavirus outbreak in China has led to a major reassessment of global supply/demand fundamentals, with all eyes […]
The Week Ahead For Crude Oil, Gas and NGLs Markets – February 3, 2020
[contextly_auto_sidebar] CRUDE OIL Crude oil futures continued their downward slide last week, with March WTI opening last Monday at $53.70/bbl and settling Friday at $52.92/bbl. Front month WTI opened lower this morning at $51.01/bbl. Coronavirus concerns continue to dominate the headlines and market participants are bracing for a sharp slowdown in refined product demand as […]
Texas Fractionation Shortage to Feel Some Relief During Q1
NGL pipeline construction to the Texas Gulf Coast has moved faster than fractionation projects, causing frac capacity to run short for much of 2018 and 2019, according to Enverus’ FundamentalEdge report for January. However, though more pipelines are coming this quarter, the extended capacity crunch will begin to lift. Oneok and Energy Transfer will put […]
The Week Ahead For Crude Oil, Gas and NGLs Markets – January 27, 2020
[contextly_auto_sidebar] CRUDE OIL US crude oil inventories decreased by a modest 0.4 MMbbl the week that ended Jan. 17, according to last week’s report from the US Energy Information Administration. Gasoline inventories increased by 1.7 MMbbl and distillate inventories decreased by 1.2 MMbbl. Total petroleum inventories posted an increase of 1.9 MMbbl. US crude oil […]