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Today's complex oil economics & the factors influencing production growth
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With North American crude prices in contango, a supply that just keeps coming, and Cushing-connected incoming pipeline capacity exceeding outgoing capacity, storage economics are being turned upside down, and Cushing, Oklahoma is once again becoming the critical hub for WTI plays. How long will the economic incentive to store crude continue? When will Cushing fill up and what will happen when it does?
Genscape has teamed up with Rusty Braziel from RBN Energy and Dominick Chirichella from Energy Management Institute (EMI) to answer these questions, explore the factors influencing production growth, and discuss the past, present, and future of Cushing storage and its impacts on North American oil markets.
Topics covered in this on-demand webinar include:
- A review of break-even points for U.S. oil producers and how they impact the production forecast
- A historical view of Cushing storage and capacity and the corresponding price structures
- The current state of Cushing storage economics
- The impact of Cushing on other storage plays and the refinery supply
- When will Cushing be full and what will happen when it is?
- Key impacts of the global oversupply of oil and the international factors contributing to contango
During the webinar, participants asked some of the most interesting, pressing questions facing the oil industry today. You can find the answers to these questions in great detail in this complimentary report. Please click here to download it now.
Genscape's Cushing Crude Oil Storage Report is the industry standard for the most important crude oil trading hub in the world. Bi-weekly storage estimates are based on actual tank volumes and include granularity down to the individual tank level, collected using Genscape's proprietary technologies. Subscribers gain exceptional transparency with highly accurate, advanced notice of actual storage levels at Cushing, OK and other oil storage facilities around the world. Click here to learn more or request a free trial.
Dominick Chirichella is a featured contributor of CME Group, founding partner of Energy Management Institute, and an expert in all facets of energy and commodity trading, risk management, education, consulting and financial services.
Rusty Braziel is President and Principal Energy Markets Consultant for RBN Energy. He is one of the most respected authorities in the field of energy information and markets, with an extensive background in energy marketing, trading, and data services.
Brian has over 25 years' experience in the oil industry. At Genscape, Brian is responsible for identifying physical fundamental data needed to help provide transparency and efficiency to the Crude Oil and Refined Products Markets.
David Francoeur - Moderator
David is Chief Marketing Officer at Genscape. Prior to this role, he spent 10 years as Director of Marketing at FLIR Systems and held marketing and business development leadership positions at ZEFER and Context Integration.