COVID-19 Impact on Natural Gas in Europe
In the 2009 global recession, European natural gas demand fell about 2% with the Covid-19 global pandemic, 2020 looks to have an even greater impact on the natural gas market than in 2009. The decision to implement Social distancing or “Shelter in Place” policies to combat Covid-19 seems to be one of the main reasons […]
Crude Oil Craziness: Will Natural Gas Prices Follow Suit?
“Forty years of darkness! Earthquakes, volcanoes….”, “Human sacrifice, dogs and cats living together…. mass hysteria!” Oh, and crude oil goes negative…no this isn’t Ghostbusters, but the times are unprecedented. The scramble to find storage, any storage, or demand from under any rock is upon us. Such environments lead to a wide array of prognostications, many […]
COVID-19: The Crash and Recovery in Asia
Due to the COVID-19 pandemic, the City of Wuhan has been under strict quarantine since January 23. With current signs of improvement of the situation in China, Wuhan plans to lift the quarantine on April 8. The outbreak took a heavy toll on many of China’s industries over the past few months. However, starting in […]
Where Are We and What is a Handbasket
Co-written by: Scott McKenna, Director, Global Energy Analysis, RBAC, Inc When electronic trading opened on Sunday night, March 8th, all hell broke loose for WTI crude oil, as the market gapped lower by nearly $10/Barrel (Bbl). The price decimation was driven by Saudi Arabia cutting their crude oil Official Selling Price (OSP) and reversing production […]
China Sneezes, Henry Hub Catches a Cold
Proximity is the key ingredient in many facets of life — whom you marry, friends you make and keep, your first job — are just a few examples. But as the world becomes more interconnected through technology and advanced transportation networks, proximity’s reach has become nearly limitless. Comparably, the shale revolution and removal of the […]
Impacts on LNG Imports and Natural Gas Consumption Due to the Coronavirus in China
Dr. Ning Lin, Jiaxin Yang and Birdy Chen, RBAC, Inc. In January 2020 the Coronavirus, also known as COVID-19, created a significant amount of uncertainty in the Chinese natural gas market. As China is also considered a major demand center for LNG, that uncertainty has also spread throughout the global gas and LNG market. The […]
It Takes Two to Tango – Supply Growth is Slowing but Demand is Needed to Revive Prices
In RBAC’s 2019 Quarter 4 gas market outlook (19Q4base), using the GPCM® Natural Gas Market Forecasting System™, a key focus in the near-term forecast is the impact of lower natural gas prices on supply and demand balances and related implications for LNG exports. Undoubtedly, low natural gas prices have led to a rough winter for […]
The Future of Natural Gas in China, Gulf and India: Opportunities and Challenges
According to the Oxford Institute for Energy Studies, the demand of natural gas in the Gulf countries will have a growth in 75% from now to 2030 which attributes to its development of urbanization and increasing of labor force. Also, the urgent requirements in its industrial and electric sectors should be considered. However, China aims […]
China’s Strategic Need to Open Doors for Foreign Investment in Upstream EP
Per Xinhua news agency, on Jan. 9, 2020, China’s Ministry of Mineral Resources announced today the opening of exploration and production to private investment. Domestic and foreign companies with local net assets of at least 300 million yuan ($43 million) can apply for licenses. The reform will take effect on May 1, 2020. This announcement […]
A Reality Check in the Wave of LNG Projects
As LNG trade becomes the fastest-growing segment of global gas and fuels much enthusiasm in investing in LNG facilities, it also presents a new concern to many participants in the market: with many competing LNG projects, do we have an oversupplied LNG market at hand? Two recent news in the past week was particularly interesting […]
