Oil and Gas Demand Curve: A Conversation w/ Sproule

Wonderful conversation with the experts at Sproule. You hear from Deb Ryan, Senior Engineering Manager, and Liam O'Brien, Strategic Advisory and Insights Lead. Topics include: Natural gas is a huge portion of the oil production with 30% of the gas coming from the Permian compounded year on year. The production will be coming down, but there is not the demand increase to support the market price increase. This will change towards the end of year . ​The bulk of the demand losses are mostly in Q2, and look to grow through next year to 2019 levels. Traffic congestion levels of automobile traffic in world wide are increasing. The data looks like we may be in demand curve trough, and that demand in road demand for fuel could be coming back quickly. In considering the natural gas; the Bakken has shut down production issues,. The Permian is going to still have flaring and product loss issues until till the price comes back. The Marcullus has been performing with cost efficiencies already in place, and will not have the impact as the other basins.

There are no comments yet.

Please log in to write the first comment.