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Oil - Perspectives

WTI: feeling heavy?

Perspectives is our flagship weekly publication on oil, providing unparalleled information, analysis and views. This edition was published 2 Mar 2015

WTI has hogged the limelight lately, with concerns of Cushing reaching tank tops by end-April rife. The concerns are valid, even though the US as a whole still has ample storage space left. The builds at Cushing are a function of shippers using a re-entry clause included in the Flanagan South/Seaway Twin tariff rules, enabling them to store barrels at Cushing for up to six months. Indeed, this is the first time since Cushing stopped being landlocked that WTI has become negatively correlated wit... Read more

The free fall in LNG prices did not slow down over February, with Northeast Asian delivered prices tumbling by 65% y/y and by 29% m/m to 6.9 $/mmbtu. Last month we pointed out how all of this price action happened, and that we had only seen the tip of the liquefaction capacity iceberg. While it is clear demand is disappointing, prices having fallen further in February and the main question is where this trend stops. The drop in prices is trying to do one of two things—either create new dema...
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2015 has seen mixed weather so far, and with it, US natural gas prices over the last month have seen something like stability. With cold periods providing support and mild periods curtailing any upward trends, prices have sta...
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This is the February 2015 edition of our North America Quarterly, covering all important aspects of the region, with a particular focus on the growth of tight oil and its impact on regional and global balances for both crude ...
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Just when the market became locked in a downwards spiral of bearish news and fundamentals, the weather changed. And while European gas prices have only seen a modest recovery from their mid-January lows, they have generally s...
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With mid-winter LNG prices down by almost 50% y/y at 10 $/mmbtu, it seems like we have fast-forwarded a whole year and are seeing the impacts of Gorgon, Gladstone and AP LNG all putting additional volumes into the market. But...
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