Top 4 encountered a decline of 40% Will recent stabilization of prices increase the rig demand?   The global oil and gas prices witnessed a significant downward pressure in the past couple of years with both the commodities weighing down by a persistent increase in supply. A higher than normal growth in output coupled with stable to low growth demand pushed the...

Why there was a 62% decline in Canada’s oil and gas sector spending? Did domestic players help the sector? How crucial are the exports to the US?   Canada is one of the fastest growing oil producers in the world, in the past decade, the country saw a rise in the production at a CAGR ~4%. Canada managed to enhance its oil production from approx. 2.74 MBPD...

  WTI Crude records huge fluctuations in prices in past few months Financial performance of companies deteriorates in Q1 20, further drop seen in coming quarters Increasing number of companies file for Chapter 11 bankruptcy protection   Crude oil prices have been on a tear over the past few months, recording highly mercurial movements wherein the major US...

The cruise line industry grew globally at a CAGR of 8% during 2009-15 and raked over USD 39.0 bn of revenue in 2015 (Source: Statistica). The industry derives over 75% of the revenue from the sale of tickets to passengers, while other sources of revenue include onboard services like a casino, equipment rental, and retail concessions. Onboarding expenses (food, concessions, etc.) are a...

The oil market witnessed a significant demand-supply imbalance during the past 2 years and this led to a sharp decline in the global prices. The prices for the major international benchmark, ICE Brent declined from its peak of ~$100 per barrel (in the mid-2014) to the intermittent lows of around ~$35 per barrel (in the first half of 2016). The surplus situation was mainly due to a persistent...

Rubber is one of the most widely consumed commodities in the economy. This is used in the tyre industry, the manufacturing sector (belting, etc.) and is also widely needed in the healthcare sector. Additionally, among all the segments, tyre accounts for 3/4 th of the total rubber consumption globally. The rubber industry as a whole is sub-divided into two divisions, natural rubber (made from...

Crude oil is one of the largest traded and consumed commodities across the world and has significantly fallen during the past couple of years. In Televisory’s earlier blog on the crude oil, we discussed the demand-supply structure of the commodity pertaining to the US economy. In this blog, we focused on the changes in the global demand-supply dynamics amidst falling prices and its...

Over the last decade, the US has witnessed a significant increase in its oil and natural gas production, which is backed by the development in fracking technology. Televisory’s previous blog ( Movement in crude oil prices and its impact on the US oil-gas players ) on crude oil discussed the demand-supply dynamics of the black liquid in the country. In this blog, Televisory focused on the...

The companies operating in the oil and gas industry have witnessed a roller-coaster ride during the past few years amidst the steep decline in international crude oil and natural gas prices. The two major global benchmarks for the oil prices, the US-based WTI and the UK-based Brent have witnessed a price decline of more than 60%. This was from the peak of nearly $100 per barrel in the mid-2014...

  WTI crude oil (immediate delivery futures) traded into negative territory Reasons driving the price drop What is expected in the near-term?   Since the coronavirus pandemic breakout early this year, financial markets all around the world have seen many rough and unprecedented swings. But what happened on Monday 20 th April 2020 was the wildest move when the...

Venezuela continues to face an economic, political and human rights cris is Venezuela’s Crude oil production and exports pick up several months post the US sanction   Venezuela’s economic and political crisis seems far from settled since we last published our blog on, “Venezuela facing a deep economic crisis” . As we had pointed out in the previously published...

What makes Saudi Aramco’s IPO biggest in the world? How is Aramco’s IPO viewed by global investors?   The world is about to witness the biggest IPO in the history of capital markets when Saudi’s oil giant – Saudi Aramco goes public in early December this year. Saudi Arabia’s Crown Prince Mohammed bin Salman (MbS) valued Saudi Aramco at $2 trillion in 2016, when...

Reliance Industries announces 20% stake sale in its OTC business Deal will help to pare RIL’s debt burden A win-win deal for perfect synergy   Reliance Industries (RIL) has announced India’s largest foreign direct investment and a game changer deal with Saudi Aramco at its AGM in August 2019. The world’s largest oil producer, Aramco, will acquire a 20% stake...

Natural gas production continues to rise backed by the shale revolution Government’s policy relaxation on exports support the industry LNG exports are expected to more than double in the next two years   The US natural gas industry continues to create fresh records in production backed by persistent technological advancements, which is led by the shale...

Crude, natural gas price and production trend in the US Movement in oil and gas rig counts in the last few years Changes in the drilling sector and the impact on production   Crude oil and natural gas prices across the major commodity markets and especially in the US were highly mercurial in the last few quarters. While crude prices took a major hit in the second...

Oil prices rise amid planned cuts as per OPEC’s Algeria Accord Supply gap risk in the middle of Venezuela and Iran geopolitical crisis add premium to crude oil ...

Will the recent price stabilization continue? OPEC November meeting to decide short-term course for the market    The crude oil prices which were on a roller coaster ride during the past few years, appear to have stabilized in the last few quarters. ICE Brent, the major international benchmark for crude prices declined from its intermittent peak of ~$100 per...