Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

In this list
Oil

Global spare capacity: Should idled US shale oil wells count?

Electric Power | Natural Gas | Natural Gas (North American) | Oil | Crude Oil | Refined Products | Metals | Steel

Market Movers Americas, Feb 22-26: Commodity markets feel the impact of winter storm

Oil

Platts Market Data – Oil

Oil | Crude Oil | Coronavirus | Energy Transition | Macroeconomics

37th Asia Pacific Petroleum (APPEC 2021)

Natural Gas | Natural Gas (North American) | NGL | Oil | Crude Oil

E&Ps Pioneer, Centennial see their winter-storm downed oil and gas output restored within a week

Oil

Insight from Moscow: Russia's strong economic position among OPEC+ members underpins its negotiating power

Listen: Global spare capacity: Should idled US shale oil wells count?

It's Brian Scheid v. Herman Wang on Platts Capitol Crude Court this week, as the co-hosts duel over the notion of idled US shale oil wells contributing to global spare capacity. Brian argues that drilled and uncompleted wells and laid-down rigs represent a de facto source of spare capacity, since shale production is nimble and wells can come back online in a hurry. But Herman says there's no way idled shale oil wells fit the technical definition of spare capacity, since they're controlled by independent companies operating in a market environment, not a government entity managing supply.

With OPEC abandoning its traditional role of balancing the market and US shale producers now acting as swing producers, how does that factor in to spare capacity and what are the implications for price forecasts going forward? Platts editor Keiron Greenhalgh wields the gavel, and after listening to their arguments, will announce his decision.

Check back every Monday for the latest analysis of US oil policy news from leading Platts editors covering the Capitol. E-mail the editors at brian.scheid@platts.com and herman.wang@platts.com.


We welcome any feedback or suggestions for topics. Contact us at webeditor@platts.com.