04.14.2020 - By Ryan Ray
This week, Ryan and Josh talk about slow upticks in oil prices, Pemex's hedges, and Oxy losing stock standings. We also bring on Anas Alahjji again to talk about OPEC+ and American shale.
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Dr. Alhajji's new piece in Forbes - https://www.forbes.com/sites/anasalhajji/2020/04/08/trumps-coming-oil-shock-shale-cant-cut-enough-to-save-itself/#49cd33926ef0
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This week's articles:
OPEC/Trump/World Oil News
https://www.mrt.com/business/energy/article/Saudi-state-TV-OPEC-deal-includes-10M-barrel-per-15192012.php
https://www.mrt.com/business/oil/article/Oil-deal-under-threat-as-Mexico-walks-out-of-15191237.php
https://www.mrt.com/business/oil/article/Trump-gets-the-oil-deal-he-wants-by-staying-on-15191165.php
https://www.mrt.com/business/oil/article/OPEC-Agrees-on-Deep-Oil-Output-Cuts-to-Fight-15190844.php
https://www.mrt.com/business/oil/article/U-S-presses-Saudis-as-negotiators-wrestle-over-15194992.php
https://www.oilandgas360.com/mexicos-secret-weapon-in-the-oil-price-war/
https://www.oilandgas360.com/silver-lining-for-asian-lng-market-after-oil-price-crash/
https://www.oilandgas360.com/offshore-drillers-will-be-living-on-the-edge-rystad-analysis-shows-a-combined-revenue-loss-of-an-estimated-3-billion/
Crude Price and Rig Count
https://www.mrt.com/business/oil/article/Crude-prices-sink-on-eve-of-production-cut-15193280.php
https://www.mrt.com/business/oil/article/Rig-counts-plunge-again-15193259.php
https://www.hartenergy.com/exclusives/whither-rig-count-186609
Companies struggling to find places to cut cost/ create capitol, seeking assistance
https://www-bizjournals-com.cdn.ampproject.org/c/s/www.bizjournals.com/houston/news/2020/04/10/houstons-oil-and-gas-companies-are-running-out-of.amp.html
https://www.mrt.com/business/oil/article/Minerals-market-emerging-as-path-through-capital-15194943.php
https://www.mrt.com/business/energy/article/Occidental-Seeking-Federal-Lifeline-For-U-S-Oil-15190297.php
https://www.hartenergy.com/exclusives/doublepoint-energy-gets-capital-boost-pursue-permian-basin-opportunities-186999
https://www.hartenergy.com/exclusives/ma-fantasies-186780
https://www.hartenergy.com/news/propetro-plans-20-cut-executive-pay-oil-slumps-186984
https://www.hartenergy.com/exclusives/marathon-oil-suspends-permian-drilling-deeper-capex-cuts-186973
Other company news
https://www.mrt.com/business/oil/article/TXOGA-s-Staples-responds-to-Pioneer-CEO-15187990.php
https://www.mrt.com/business/oil/article/Report-Drilling-downturn-will-impact-water-15194956.php
https://www.hartenergy.com/news/eagleclaw-midstream-joins-one-future-natural-gas-coalition-186993
https://m.chron.com/business/energy/article/Plains-cuts-one-third-of-budget-as-pipeline-15184298.php
https://www.houstonchronicle.com/business/energy/article/Power-failure-temporarily-knocks-out-Valero-s-15194401.php
Other Company News Global
https://www.oilandgas360.com/eriell-takes-measures-to-prevent-the-spread-of-covid-19-and-demonstrates-its-approach-to-esg/
https://www.oilandgas360.com/oil-glut-closes-middle-easts-largest-crude-terminal/
https://www.oilandgas360.com/sempra-energy-receives-all-required-governmental-authorizations-for-3-59-billion-divestiture-of-luz-del-sur-in-peru/
Natural Gas
https://www.mrt.com/business/oil/article/U-S-Natural-Gas-Output-Expected-to-Fall-by-Most-15185082.php
RRC Response to Crisis
https://www.mrt.com/business/oil/article/RRC-to-discuss-market-demand-request-15180680.php
https://www.mrt.com/business/oil/article/OPINION-There-are-3-options-to-save-the-US-15185135.php
https://www.mrt.com/business/oil/article/Christi-Craddick-requests-delay-in-production-tax-15183274.php
https://www.hartenergy.com/news/ovintiv-employees-other-oil-producers-rally-against-texas-production-cuts-186974
https://m.chron.com/business/energy/article/A-Lame-Duck-Regulator-Who-Became-the-Face-of-15182593.php
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