Episodes

  • Keep Pushin’ – Venezuela’s Crude Oil Terminals Need Minor Fixes, Major Overhauls to Boost Exports

    Keep Pushin’ – Venezuela’s Crude Oil Terminals Need Minor Fixes, Major Overhauls to Boost Exports
    May 14 2026
    A lot of work must be done to revive Venezuela’s crude oil industry, which has suffered from years of poor management and underinvestment. Exports have rebounded sharply in early 2026, but much more could be done. Today, we outline the additional steps that could boost export volumes.
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    14 mins
  • Strange Days Indeed – In a Year of Change, Market Fundamentals Are Key to Understanding What Comes Next

    Strange Days Indeed – In a Year of Change, Market Fundamentals Are Key to Understanding What Comes Next
    May 13 2026
    It’s been quite a year already, with energy markets roiled by the Iran war. To survive such swings, you need a deep understanding of market fundamentals so that you can anticipate their effects. That’s today’s subject and the focus of our upcoming School of Energy: Foundations.
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    12 mins
  • Wake Me Up – Changing Dynamics Have the Northeast Gas Market Poised for a Reawakening

    Wake Me Up – Changing Dynamics Have the Northeast Gas Market Poised for a Reawakening
    May 12 2026
    After being in virtual limbo the past couple of years, the U.S. Northeast gas market is reawakening. New pipeline development is, well, no longer a pipe dream. Today, we begin a series evaluating the impacts of these changing fundamentals on the Northeast gas market outlook.
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    12 mins
  • How High? – Surge in U.S. Crude Exports Ups Estimates of What Gulf Coast Terminals Can Handle

    How High? – Surge in U.S. Crude Exports Ups Estimates of What Gulf Coast Terminals Can Handle
    May 11 2026
    The monthslong closure of the Strait of Hormuz and the related surge in crude oil exports from the U.S. Gulf Coast has prompted two big questions: (1) how much oil can the region’s marine terminals reliably send out on a sustained basis and (2) does the USGC need more export capacity.
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    13 mins
  • Double-Edged Sword – Refinery ‘Capacity Creep,’ Falling Inventories May Limit U.S. Crude Export Surge

    Double-Edged Sword – Refinery ‘Capacity Creep,’ Falling Inventories May Limit U.S. Crude Export Surge
    May 8 2026
    U.S. crude oil production averaged a record 13.6 MMb/d in 2025, up nearly 1.6 MMb/d from 2023, but crude export volumes remained remarkably stable — at or very near 4.1 MMb/d — until a recent Iran-related surge. A key reason: “capacity creep” expansion projects at several Gulf Coast refineries.
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    13 mins
  • Take the Money and Run? – E&Ps Face a New Capital Allocation Cycle … Will Debt Reduction Stay Front and Center?

    Take the Money and Run? – E&Ps Face a New Capital Allocation Cycle … Will Debt Reduction Stay Front and Center?
    May 7 2026
    Oil markets have been pushed higher by supply disruptions and geopolitical tensions, while natural gas prices have strengthened on weather-driven demand, reinforcing a powerful near-term earnings tailwind. The question is a familiar one: What will producers do with these additional cash flows?
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    15 mins
  • Don’t You (Forget About Me) – Crude Oil Hogs the Spotlight, But Venezuela Has Major Gas Reserves Too

    Don’t You (Forget About Me) – Crude Oil Hogs the Spotlight, But Venezuela Has Major Gas Reserves Too
    May 6 2026
    Nearly all the recent analysis of Venezuela has centered on crude oil and refined products, but its gas reserves shouldn’t be overlooked. Today, we look at those reserves, compare domestic production and consumption, and explain how Trinidad & Tobago could play a role in boosting Venezuelan output.
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    13 mins
  • How’s It Going to Be – How a Prolonged Conflict with Iran Could Disrupt U.S. Gasoline, Jet and Diesel Markets

    How’s It Going to Be – How a Prolonged Conflict with Iran Could Disrupt U.S. Gasoline, Jet and Diesel Markets
    May 5 2026
    The U.S. is seeing softer domestic demand for traditional fuels, but pockets of the country remain highly dependent on imported gasoline, jet fuel and diesel. Today, we’ll zero in on which PADDs are at the highest risk for shortages and price spikes if the Iran war drags on for an extended period.
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    13 mins