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Home > Energy Week > Episode 11 - Prospects for profit for shale oil companies | Russia-Saudi oil cooperation
Podcast: Energy Week
Episode:

Episode 11 - Prospects for profit for shale oil companies | Russia-Saudi oil cooperation
Category: Government & Organizations
Duration: 00:49:48
Publish Date: 2018-01-23 12:28:12
Description: OPEC & Shale -Khalid al Falih commented at recent OPEC meeting that global demand will outpace shale production so there’s plenty of room in the market for shale oil -Combination of falling production from some formerly big players like Venezuela and growing demand in India and China and lack of investment in new large scale projects -Will higher oil prices keep the money flowing to shale oil companies? Prospects for profit for shale oil companies -Will companies look to diversify into downstream? Yes, but government regulation is a factor in refining -Could US energy companies look to establish downstream operations in Mexico as they liberalize their energy industry? -Definite opportunity though NAFTA is an issue -To what extent will service costs positively or negatively impact shale oil companies’ bottom lines? Service costs are up but companies are being pickier in how many people they hire -Can they scale back up without as much as waste? -Impact of hedging on shale oil companies. Could some miss the boat on the highest prices? -Oversupply of light oil could push prices down for shale companies in particular Russia-Saudi oil cooperation -OPEC—non-OPEC production cut progress good though Iraq and Kazakhstan called out for overproduction -Will the production cuts continue through 2018? Al Falih indicates they will but expectation is that exit will be discussed in June -Al-Falih and Novak’s relationship as a sign of how well the production deal is working. -Russian economy – how dependent is it on European natural gas market and/or Chinese market? Could European diversification to American or other sources of natural gas spell trouble for the Russian economy? Article: Are Cryptocurrencies More Currency Or Commodity? https://www.forbes.com/sites/ellenrwald/2018/01/18/after-the-bitcoin-crash-are-cryptocurrencies-more-currency-or-commodity/#7d43e6884e9c
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