GLOBAL OIL RECAP AND BALANCES | July 21, 2022

July 2022

The table below shows implied stock changes for 3Q22-4Q23 based on assumptions of: 1)     OPEC participants’ target crude output under the current agreement and keep it at the August 2022 level through the forecast period. 2)     Exempted 3 countries: maintain June 2022 Iranian and Venezuelan output for the forecast period; For Libya, assuming 0.85 mb/d in 3Q22 and 1.2 mb/d for the remainder of the forecast period. Please find below the link to this month's Global Oil Recap and Balances Report .....


SPECIAL REPORT | July 06, 2022

ESG - Is That All There Is?

Last Thursday, in a ruling that will also call into question FERC’s assertion of authority under its GHG policy, the U.S. Supreme Court limited the EPA’s ability to regulate climate change. The ruling stated that the EPA must regulate carbon emissions from power plants individually and cannot treat the electricity generating system in each state as a single entity. Hence the ruling effectively kills the possibility of a cap-and-trade program under the Clean Air Act. On the April 14, 2022 episo.....


MARKET INSIGHT | May 25, 2022

The State of the Railroads - A Coal Perspective

The testimonies included in this report were transcribed from the Department of Transportation Surface Transportation Board hearings held on urgent issues in the freight rail service on April 26 and 27, 2022. They are selected specifically due to their relevance in the US coal, power and natural gas markets. Here are some key takeaways: As of 1Q22, 75% of coal-fired power plants have less than 40-day fuel supply to run at full capacity, 20% less than 10 days of fuel in hand. 89% of a utility sur.....


GLOBAL OIL RECAP AND BALANCES | May 16, 2022

May 2022

The table below shows implied stock changes for 2Q22-4Q23 based on assumptions of: 1)     OPEC participants’ target crude output under the current agreement, increasing +0.254 mb/d every month (at 100% compliance) from August 2021 until it unwinds all supply cuts by September 2022, and keep at September 2022 level through the forecast period. 2)     Exempted 3 countries: maintain April Iranian and Venezuelan output for the forecast period. For Libya, assuming 1.02 mb/d in 2Q22 and 1.1 mb/d in 2H.....


GLOBAL OIL RECAP AND BALANCES | April 14, 2022

April 2022

The table below shows implied stock changes for 2Q22-4Q23 based on assumptions of: 1) OPEC participants’ target crude output under the current agreement, increasing +0.254 mb/d every month (at 100% compliance) from August 2021 until it unwinds all supply cuts by September 2022, and keep at September 2022 level through the forecast period. 2) Exempted 3 countries: maintain March output for the forecast period. Please find below the link to this month's Global Oil Recap and Balances Report , whic.....


MARKET INSIGHT | March 25, 2022

European Gas Coverage and US' NG Pledge to the EU

NEW PRODUCT! European Natural Gas Flows and Storage What to Expect from President Biden’s Visit to Europe - a Case for Natural Gas LCMC is launching its European natural gas coverage starting with regional flow and storage models. Today's data stats are accompanied by a two-part commentary. The first part focuses on the US-EU meetings taking place in Europe this week. The write-up speculates on a list of topics in natural gas supply security that was likely discussed among the allies and may be .....


GLOBAL OIL RECAP AND BALANCES | March 16, 2022

March 2022

The table below shows implied stock changes for 1Q22-4Q23 based on assumptions of: 1) OPEC participants’ target crude output under the current agreement, increasing +0.254 mb/d every month (at 100% compliance) from August 2021 until it unwinds all supply cuts by September 2022, and keep at September 2022 level through the forecast period. 2) Exempted 3 countries: maintain February output for the forecast period of March 2022-December 2022. Please find below the link to this month's Global Oil R.....


GLOBAL OIL RECAP AND BALANCES | February 11, 2022

February 2022

The table below shows implied stock changes for 1Q22-4Q23 based on assumptions of: 1) OPEC participants’ target crude output under the current agreement, increasing +0.254 mb/d every month (at 100% compliance) from August 2021 until it unwinds all supply cuts by September 2022, and keep at September 2022 level through the forecast period. 2) Exempted 3 countries: maintain December output for the forecast period of February 2022-December 2023. Please find below the link to this month's Global Oi.....


GLOBAL OIL RECAP AND BALANCES | January 24, 2022

January 2022

The table below shows implied stock changes for 4Q21-4Q23 based on assumptions of: 1)     OPEC participants’ target crude output under the current agreement, increasing +0.253 mb/d every month (at 100% compliance) from August 2021 until it unwinds all supply cuts by September 2022, and keep at September 2022 level through the forecast period. 2)     Exempted 3 countries: Iran and Venezuela maintain December output and Libya keeps November 2021 level through the forecast period Please find below .....


GLOBAL OIL RECAP AND BALANCES | December 14, 2021

December 2021

The table below shows implied stock changes for 4Q21-4Q22 based on assumptions of: 1)     OPEC participants’ target crude output under the current agreement, increasing +0.253 mb/d every month (at 100% compliance) from August 2021 until it unwinds all supply cuts by September 2022; 2)     Exempted 3 countries maintain October output through the forecast period Please find below the link to this month's Global Oil Recap and Balances Report , which provides summaries for the latest monthly oil re.....