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idering the market is set for an Appalachian-driven production surge in 2018 given significant progress made on takeaway capacity expansion in the Northeast. About 4 Bcf/d of takeaway capacity has been added in the region between July and mid-November and another -4 Bcf/d of new capacity is scheduled t
breakeven Brent oil price (10% discounted) of major pre-FID projects have fallen from $53/bbl to $46/bbl. For new Canadian oil sands projects, 365 (Brent) could be a threshold for additional supply kicking in. US net gas normal winter key to absorb coming production surge For most of this year, th
major prospective projects (non- OPEC. non-shale), especially deepwater, will likely keep a lid on oil prices. Between 04 16 and 03 17, breakeven Brent oil price (10% discounted) of major pre-FID projects have fallen from $53/bbl to $46/bbl. For new Canadian oil sands projects, 365 (Brent) could b
ly will have to be rationed in the power sector in sum low oil and gas prices, insufficient hedging for 2018 and delays to pipeline capacity in the Northeast mean domestic output growth will likely be lower than expected. Contrasting that, the demand growth from three major sources—industry. LNG exports
balances point to deficits of 210 kbd in 2017 and 90 kbd in 2018. We lower our WTI forecasts to average $47 this year and $50.bbl next year. We cut Brent to $50 this year and $52bbl in 2018. We now beleve oil stays in contango by yearend. but see a WTI forward anchor al $45.50 and S5 backwardation by
cording to Amtrak President and CEO Joe Boardman, criti=al to the U.S. economy. =p class="MsoNormal">"This is the Achilles heel that we have on the Northeast Corridor",</=>"It's almost 500 trains a day. It's the busiest bridge in the Western Hemisph=re for train traffic, period." "It's safe , but it&#=9;
sed." Siluanov said the ruble is oversold and its current exchange rate would correlate to=the oil price of $60 per barrel. The global price of oil, Brent, traded around =70 a barrel on Tuesday. Russia's economic stability is important for the region.=lt is a major trading partner for Western Europe, s
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