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 […]
Supreme Court of the United States Rules on Atlantic Coast Pipeline Case
On June 15, 2020, the U.S. Supreme Court in a 7-2 ruling reversed and remanded the 4th Circuit Court decision in Atlantic Coast Pipeline LLC v. Cowpasture River Preservation Association holding that, “Because the Department of the Interior’s decision to assign responsibility over the Appalachian Trail to the National Park Service did not transform the […]
Can an Oil Price Boomerang Hit Waha?
Impacts of the Pandemic RBAC’s recent “Natural Gas Immunity to COVID-19?” article highlighted that the pandemic’s impact to energy consumption was more acute in the oil markets than in the natural gas markets because of the different end uses of the commodities. A large percentage of refined crude products are used as transportation fuels, which […]
Natural Gas Immunity to COVID-19? How a New Normal in the Natural Gas Markets May Appear
The ongoing pandemic has impacted society in drastic ways. Even as governments around the world experiment with easing lockdown restrictions, a sense of normalcy may not return for a while. What will that new normal look like when it does? The energy industry has experienced profound changes during the past few months, many of which […]
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 […]
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 […]
