Providing numerical insights and commentary on the oil & gas sector and the wider energy industry.
Posted by Geoscience Adm… on Wed, 03/27/2019 - 11:14

Article by Adam Becis, Principal Reservoir Engineer

The energy sector is a constantly evolving industry, and the prices of our commodities are ever-changing. To keep you in the picture, we regularly review oil and gas prices and watch the global macro indicators that influence these trends. We frequently update our in-house oil price decks and review oil price assumptions presented by other petroleum consultants and analysts. These are reported in our quarterly Energy Price Review which is available for download from our website:

https://www.erce.energy/analytics

The Energy Price Review covers current oil and gas prices and looks at some of the global macro indicators influencing these trends. In addition, we provide our current oil price decks and review oil price assumptions presented by other petroleum consultants and analysts. We also touch on renewable energy trends. Key items included in each quarterly Review are:

  • Crude Oil & Natural Gas Trading Prices
    • Spot price and futures
    • Commitment of traders
  • Brent Future Oil Price Decks
    • ERCE and other key petroleum consultants
    • Oil analysts and lenders
  • Oil Market Activity & Fundamentals
    • Upstream activity and costs
    • Rig activity
    • Supply and demand
    • US tight oil and shale gas
  • Renewables and Other Sources of Energy
    • General Considerations
    • Analyst forecasts of the energy mix
    • The challenge of replacing coal
    • Solar power

Our Clients have access to our research on current oil and gas prices and analytics. Examples of charts and data available in our Energy Price Review are shown below. In addition, we are always aware that each client needs bespoke services when it comes to your commercial activities and decisions, and tailor our research accordingly.

Crude Oil & Natural Gas Trading Prices

ERCE energy review crude oil and natural gas trading prices

Source: Intercontinental Exchange, ERCE Estimates.

Brent Future Oil Price Decks

ERCE energy review brent crude forecast

Source: Sproule, GLJ, McDaniel, Deloitte, Intercontinental Exchange, Reuters, EIA, Macquarie, ERCE Estimates. Note: *publication date. Note: *Estimates for 2018 Brent futures is the arithmetic average of the futures contracts for the remaining year's balance. ERCE’s low and high case is calculated based on a standard deviation of the forecasts and Coefficient of Variation – Range increases for the first five years.

Oil Market Activity & Fundamentals

ERCE energy review oil market activity

Source: U.S. Energy Information Administration, ERCE Estimates. Note: Oil production represents both crude and condensate production from all formations (not limited to tight formations).

Renewables and Other Sources of Energy

ERCE energy review renewables

Source: IEA, McKinsey, Toyota