Exclusive Speaker Interview With Cheniere Energy
1
June 29 - July 1, 2015 - Houston, Texas Nelson Lee DIRECTOR OF CRUDE TRADING & ORIGINATION Trading Cheniere Energy 1. What do you think has the biggest impact on crude oil prices at this time? 2. What developments do you think will have the biggest impact on crude oil trading across North America: Pipeline infrastructure, Exports, Increased storage capacity or other? 3. What will you be discussing at the upcoming Crude Markets & Storage Summit? 4. What presentations are you most looking forward to hearing at the event? 5. Why do you think it is important to attend the Crude Markets & Storage Summit at this point? www.crude-markets-storage-summit.com [email protected] (1) 800 721 3915 Crude Oil prices are usually a function of supply and demand. While that certainly pertains to the current market, the market always thinks on a forward basis. It is about perceived supply and a demand case that is flat to growing slightly. Eagleford and Permian production have become the swing capacity. The Saudi’s, Iranian’s and Libyan’s all have extra capacity that can make it to the marketplace, which also holds down prices. The thought of unimpeded exports of all crude, not just condensates would be the biggest market effect. Lots of barrels in the US are stranded without an easy access to the export market. Certainly, new infrastructure will be built to fulfill the demand and create better access. The contango market is also a fascinating market structure. With most storage capacity already filled, new projects are on the books as well as downward pressure on the front end of the market causing contango to be a self- fulfilling prophecy. I will probably focus on the condensate export markets, where the barrels are flowing and why more bbls aren’t being exported. Tom Ramsey’s. Since Dec of last year, the market has seen a dramatic paradigm shift. Producers used to $100 oil need to revisit their capex models causing all of the other companies in the supply chain to change their focus. Storage is all but full in the US, and in this price environment, the glut of oil has to find its way to the highest priced market at the cheapest price possible. "Quantifying Netbacks From Condensate Markets To Understand The Profitability From Capitalizing On International And Domestic Markets" Tom Ramsey Head of North American Marketing & Midstream VITOL
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Transcript of Exclusive Speaker Interview With Cheniere Energy
June 29 - July 1, 2015 - Houston, Texas
Nelson Lee DIRECTOR OF CRUDE TRADING & ORIGINATIONTrading Cheniere Energy
1. What do you think has the biggest impact on crude oil prices at this time?
2. What developments do you think will have the biggest impact on crude oil trading across North America: Pipeline infrastructure, Exports, Increased storage capacity or other?
3. What will you be discussing at the upcoming Crude Markets & Storage Summit?
4. What presentations are you most looking forward to hearing at the event?
5. Why do you think it is important to attend the Crude Markets & Storage Summit at this point?
www.crude-markets-storage-summit.com [email protected] (1) 800 721 3915
Crude Oil prices are usually a function of supply and demand. While that certainly pertains to the current market, the market always thinks on a forward basis. It is about perceived supply and a demand case that is flat to growing slightly. Eagleford and Permian production have become the swing capacity. The Saudi’s, Iranian’s and Libyan’s all have extra capacity that can make it to the marketplace, which also holds down prices.
The thought of unimpeded exports of all crude, not just condensates would be the biggest market effect. Lots of barrels in the US are stranded without an easy access to the export market. Certainly, new infrastructure will be built to fulfill the demand and create better access. The contango market is also a fascinating market structure. With most storage capacity already filled, new projects are on the books as well as downward pressure on the front end of the market causing contango to be a self-fulfilling prophecy.
I will probably focus on the condensate export markets, where the barrels are flowing and why more bbls aren’t being exported.
Tom Ramsey’s. Since Dec of last year, the market has seen a dramatic paradigm shift. Producers used to $100 oil need to revisit their capex models causing all of the other companies in the supply chain to change their focus. Storage is all but full in the US, and in this price environment, the glut of oil has to find its way to the highest priced market at the cheapest price possible.
"Quantifying Netbacks From Condensate Markets To Understand The Profitability From Capitalizing On International And Domestic Markets"
Tom RamseyHead of North American Marketing & MidstreamVITOL
