289 episodes

In-depth weekly analysis of US oil policy news from S&P Global Platts' senior editors covering the capitol. Hosted by senior oil news editors Brian Scheid and Meghan Gordon.

Capitol Crude: The US Oil Policy Podcast S&P Global Platts

    • Business News

In-depth weekly analysis of US oil policy news from S&P Global Platts' senior editors covering the capitol. Hosted by senior oil news editors Brian Scheid and Meghan Gordon.

    With oil demand in free fall, Trump administration has few answers for US shale

    With oil demand in free fall, Trump administration has few answers for US shale

    The consequences of this will likely last years. In the midst of a price war, global oil demand is in a free fall. The spread of the coronavirus has left 3 billion people worldwide unable to get on a plane, drive to work or go anywhere, really, at all.

    In response, global oil demand is plummeting. The International Energy Agency says as much as 20 million b/d of oil demand may be lost this year.

    On today’s Capitol Crude podcast, Sarah Ladislaw, senior vice president and director and senior fellow of the Center for Strategic & International Studies’ energy security and climate change program, answers a few questions about where the US oil sector is headed.

    What is the Trump administration doing to bail out the struggling shale industry? They say they’re pressing the Saudis to work to stabilize the market, but how serious is that effort? And with Texas regulators contemplating oil alliances with Saudi Arabia, has the US oil industry entered a new, unpredictable chapter?

    • 16 min
    A price collapse breaks a fragile US shale sector -- can it be fixed?

    A price collapse breaks a fragile US shale sector -- can it be fixed?

    As oil prices dipped to levels not seen in nearly two decades, US shale operators slashed budgets and rig counts and braced for a hellish few months, if not years. Is even a modest price rebound possible in the near term? Will Saudi Arabia and Russia return to talks over a new supply cut? Has the price collapse forever altered US oil sanctions policy?

    On today's Capitol Crude Helima Croft, managing director and global head of commodity strategy at RBC Capital Markets, talks about the path forward for US shale, the potential for a US import embargo and why resurrection of a global supply cut may be possible.
    "The question is: Did the Russians know that they were signing up for the current price environment?" Croft asks.

    • 9 min
    Will Trump's plan to fill the SPR be enough of a lifeline for US producers?

    Will Trump's plan to fill the SPR be enough of a lifeline for US producers?

    US Energy Secretary Dan Brouillette joined Capitol Crude hours after his department announced it was seeking an initial 30 million barrels of US crude oil to store in the country's emergency stockpile.
    This is part of President Donald Trump's pledge to fill the Strategic Petroleum Reserve "right up to the top."
    We spoke with Brouillette about how this attempt to help US oil producers will work. We asked him about the fate of US production and exports and where he ultimately sees global oil demand bottoming out.

    • 11 min
    US crude exports in the crosshairs of plunging oil demand, global supply glut

    US crude exports in the crosshairs of plunging oil demand, global supply glut

    The fallout from the coronavirus and the collapse of the OPEC+ supply cut agreement have dealt US shale producers a massive blow. How the sector ultimately fares might depend on where US oil exports are headed.
    US crude exports climbed above 4 million b/d in the last week of February, but will that represent a peak for this year and beyond?
    Port of Corpus Christi CEO Sean Strawbridge joined Platts senior editor Jordan Blum in Houston to talk about how US exporters are weathering this storm.

    • 25 min
    If the US no longer needs Saudi oil, does it need Saudi Arabia?

    If the US no longer needs Saudi oil, does it need Saudi Arabia?

    The relationship between the US and Saudi Arabia is ... complicated. For decades, the US has depended on the Saudis for crude oil exports and the Saudis have depended on the US for military protection. But US shale oil growth has changed all that.
    On this week’s Capitol Crude, Ellen Wald talks about the state of US-Saudi relations, how that relationship may change further if there is a Democrat in the White House, and what low oil prices are doing to Saudi Aramco shares and the kingdom’s 2030 vision.
    Wald is president of Transversal Consulting, a senior fellow with the Atlantic Council Global Energy Center and author of the book "Saudi, Inc."

    • 25 min
    Oil supply disruptions are many, but demand rules prices

    Oil supply disruptions are many, but demand rules prices

    Seemingly long-term US sanctions on oil flows out of Iran and Venezuela, a blockade in Libya with no end in sight, and even more production cuts from the OPEC+ coalition expected this week are adding up to a loss of roughly 6% of global supply -- but prices are cratering.
    Demand, specifically weakening demand caused by the effects of the coronavirus, is far outweighing even unprecedented declines in supply.
    On this week’s podcast, Fernando Ferreira, Rapidan Energy Group’s director of geopolitical risk service, talks OPEC+, Iran, Venezuela, Iraq and Libya, and where world oil supplies are headed.
    Can a supply shock even rattle the oil market anymore?

    • 20 min

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