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Why are oil prices rising?

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December 20th, 2020. 

 

Trisha Curtis and Ethan Bellamy continue to dive into the oil market and discuss why oil prices are rising in the face of renewed COVID related shutdowns, rising Libyan output, and muted demand outlooks released by the IEA and OPEC in mid-December. WTI sits at $49 and Brent at $52. Trisha talks about the increased number of operators in the Permian Basin and many smaller operators that have returned to drilling in recent weeks. Ethan talks about take away capacity for gas in the Permian and Haynesville. And Trisha comments on Biden’s cabinet picks, the importance of methane emissions, and in the increased regulatory burdens the US oil and gas industry is about to face. This is another must listen to episode.

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