“Are We There Yet?” RBAC’s 20Q3 Natural Gas Market Outlook Takes a Road Trip Through Supply/Demand Balances
The Covid-19 pandemic has led to dramatic shifts in lifestyles, business operations and energy utilization. With the implementation of mandated lockdowns, unemployment increased substantially as did remote working, for those jobs and businesses that were capable of such operations. This created a shift from commercial to residential energy demand while also adversely impacting industrial and […]
Hurricane Proof part 2 – How about LNG Facilities?
Red Sky at Night, Sailor’s DelightRed Sky in Morning, Sailor’s Warning Just a few weeks ago, RBAC published “Has Shale Production made us Hurricane-proof?” which examined how hurricane damage comparable to the 2005 Katrina and Rita storms might impact the natural gas markets today. This analysis coincided with what was feared might be a 1-2 […]
Has Shale Production made us Hurricane-proof?
In 2005 two major hurricanes, Katrina and Rita, hit the Gulf with devastating consequences to residents and regional energy infrastructure. The resulting shut-ins, temporary and permanent damage to infrastructure and plants along with evacuations caused natural gas prices at Henry Hub, already much higher than today, to skyrocket to levels nearly double July 2005 prices. […]
Methane vs Hydrogen vs CH4-H2 Mixes
It’s useful to get an idea of the relative size of markets for commodities of interest and their products (and byproducts). What’s hot now and likely to remain hot for the foreseeable future is hydrogen. According to data provided by RBAC’s G2M2® Global Gas Team, the International Energy Agency (IEA) has estimated global demand for […]
A Curse or a Blessing? RBAC’s 20Q2 Natural Gas Market Outlook Speaks Volumes
May you live in interesting times. Wikipedia suggests this is “an English expression that purports to a translation of a traditional Chinese curse”; seemingly a blessing but with ironic overtones. How true this proverb is and how interesting the current times are, if interesting is even the appropriate adjective. Since our last quarter’s outlook, we […]
In Like a Lamb, Out Like a Lion: RBAC’s 20Q1 Outlook
Occasionally, what appear to be relatively insignificant events metamorphosize into shockingly strong market impacting chaos. The events over the last three months truly reflect the saying “In Like a Lamb, Out Like a Lion” and are captured in the release of RBAC’s 20Q1 GPCM® Natural Gas Market Forecasting SystemTM outlook. This update includes major revisions […]
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 […]
