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☆ Oil and gas assets will have a multi-year boon cycle, says Rapidan's Bob McNally
▼ + stars: | 2024-10-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOil and gas assets will have a multi-year boon cycle, says Rapidan's Bob McNallyBob McNally, Rapidan Energy Group founder, joins 'Power Lunch' to discuss the tension in the Middle East impact on oil stocks.

Persons: Bob McNally Bob McNally Organizations: Email, Rapidan Energy Group

☆ Watch CNBC’s full interview with Rapidan Energy Group's Bob McNally
▼ + stars: | 2024-10-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Rapidan Energy Group's Bob McNallyBob McNally, Rapidan Energy Group founder, joins 'Power Lunch' to discuss the tensions in the Middle East impact on oil stocks, the surge in the sector and more.

Persons: Bob McNally Bob McNally Organizations: Rapidan Energy, Rapidan Energy Group

☆ Oil prices could be on a trajectory to $60 per barrel or below: Bob McNally
▼ + stars: | 2024-10-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOil prices could be on a trajectory to $60 per barrel or below: Bob McNallyBob McNally of Rapidan Energy Group says that Iraq and Kazakhstan not participating in collective supply management measures could lead to a collapse in oil prices if OPEC+ decides to "sweat" the producers.

Persons: Bob McNally Bob McNally Organizations: Bob McNally Bob McNally of Rapidan Energy Group Locations: Iraq, Kazakhstan

☆ Harris and Trump kept talking about pumping more oil. There’s a problem with that
▼ + stars: | 2024-09-11 | by ( David Goldman | Matt Egan | ) edition.cnn.com time to read: +4 min

So why were Vice President Kamala Harris and former President Donald Trump talking so much about expanding oil production during Tuesday night’s debate? Fossil fuel will be dead,” Trump said. For all the candidates’ talk of promoting fossil fuel production, it’s not clear that America needs drastically more oil. US oil production has already spiked to a record of 13.4 million barrels per day, according to weekly federal data. So it would likely take an extreme — or calamitous — event to get gas prices back below $2.

Persons: Kamala Harris, Donald Trump, Harris, fracking, Biden, Trump, they’ll, ” Trump, Andy Lipow, he’s, It’s, it’s, Lipow, ”, Bob McNally, doesn’t, McNally, George W, Bush, “, America Organizations: CNN, Senate, Lipow Oil Associates, AAA, Rapidan Energy, US Energy Information Administration, Travel Locations: America, United States, Pennsylvania, OPEC, China

☆ Sub-$3 gas is making a comeback. Dozens of states could be below $3 by Thanksgiving
▼ + stars: | 2024-09-06 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

Andy Lipow, president of consulting firm Lipow Oil Associates, expects that another nine states will join the sub-$3 list in the next two weeks. “Gas prices, after two-plus years of sizzling because of outside factors like Covid and Russia, are finally coming back into balance,” said De Haan. The accelerating drop in gas prices should help ease financial pressure on consumers and contribute to the cooling inflation rate. Some economists say gas prices will likely be a deciding factor, and lower prices will favor the current administration. ‘Panic and fear’ at OPECAnalysts told CNN that this trend of lower gas prices is likely to continue, despite the shift in strategy from OPEC+.

Persons: Andy Lipow, Patrick De Haan, ”, De Haan, Kamala Harris, “, ” Lipow, Bob McNally, McNally, George W, Bush, Trump, We’re, ” Trump, Tom Kloza, Kamala Harris ’, CNN’s Chris Isidore Organizations: New, New York CNN, AAA, Drivers, Lipow Oil Associates, CNN, “, Federal Reserve, OPEC Analysts, Rapidan Energy Group, OPEC, Trump, Oil Price Information Service Locations: New York, Texas , Kentucky, Kansas, OPIS, Russia, Arizona, Nevada, Georgia, OPEC, China, United States, Saudi Arabia, Ukraine, America

☆ Energy market expects some escalation of geopolitical conflict, says Rapidan Energy's Bob McNally
▼ + stars: | 2024-08-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEnergy market expects some escalation of geopolitical conflict, says Rapidan Energy's Bob McNallyBob McNally, founder & president at Rapidan Energy Group, joins CNBC's 'Closing Bell' to discuss energy market outlooks, what's behind the crude selloff, and more.

Persons: Rapidan, Bob McNally Bob McNally Organizations: Email Energy, Rapidan Energy Group

☆ Brent tops $80 per barrel as oil analyst flags ‘phase of deterioration’ in the Middle East
▼ + stars: | 2024-07-31 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

Brent futures topped the $80-per-barrel-threshold on Wednesday, as Iran's claim that Hamas political leader Ismail Haniyeh was assassinated reignited tensions in the Middle East. The Ice Brent contract with September expiry were trading at $80.32 per barrel at 09:45 a.m. London time, up by 2.15% from the Tuesday close price. Oil gained ground amid exacerbated hostilities in the oil-rich Middle East region, where Israel has been fighting Iran-backed Palestinian militant group Hamas since the latter's terror attack in October. The Jewish state's decision to carry out a retaliatory campaign in the Gaza Strip has since broadened the conflict, with Israel trading fire with other Iran-supported factions, such as Lebanon's Hezbollah and Yemen's Houthi. "But now we're moving into a phase of deterioration into the Middle East that we believe is going to capture oil traders' attention and get them to return some material risk premium into the price of Brent.

Persons: Brent, Ismail Haniyeh, Ice Brent, Yemen's, Israel, Ayatollah Ali Khamenei, Clay Seigle, Emily Tan Organizations: Ice, Hamas, Revolutionary Guard, Republic News Agency, CNBC, Israeli Ministry of Foreign Affairs, Minister's Office, Rapidan Energy Group Locations: London, Israel, Iran, Gaza, Tehran, Iran's, Ukraine, Brent

☆ Rapidan Energy Group discusses oil market outlook
▼ + stars: | 2024-07-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Phase of deterioration' in Middle East will capture oil traders' attention: Rapidan Energy GroupClay Seigle of Rapidan Energy Group discusses the outlook for oil markets.

Persons: Clay Organizations: Rapidan Energy, Rapidan Energy Group Locations: Middle East

☆ What’s at stake for the climate if Trump wins? ‘A catastrophic outcome’
▼ + stars: | 2024-07-03 | by ( Ella Nilsen | ) edition.cnn.com time to read: +12 min

CNN —In the first week of a new Trump administration, President Joe Biden’s climate wins would get put through the shredder. “He has said he’s going to come back with a vengeance,” former US special climate envoy John Kerry told CNN. He has railed against Biden’s climate policies at rallies and derided clean energy, vowing to push America back to fossil fuels. He has openly courted the oil industry at fundraising events, the Washington Post reported, promising regulation rollbacks in exchange for campaign cash. It could happen “very fast,” said David Bernhardt, who served as Interior Secretary in the Trump administration.

Persons: Trump, Joe Biden’s, nix, ”, John Kerry, it’s, “, Joe Biden, ” Trump, Karoline Leavitt, Leavitt, Anna Moneymaker, ” Mandy Gunasekara, David Bernhardt, Bernhardt, Biden, Trump’s, Sarah Palin, ’ pocketbooks, Diana Furchtgott, Roth, Gavin Newsom, ” Newsom, “ We’re, Newsome, David Paul Morris, John Bozzella, Bozzella, ” Bozzella, he’s, ” Bob McNally, George W, Bush, Scott Olson, –, ” Bernhardt, McNally, ” McNally, ’ Trump, Nate Hultman, Frederic J . Brown, haven’t, Kerry, ” Kerry, CNN’s Alayna Treene, Bill Weir, Julian Quinones Organizations: CNN, Trump, Washington Post, White, Environmental, Agency, EVs, Environmental Protection Agency, Republicans, Treasury Department, Former Trump Department of Transportation, Heritage Foundation, California Gov, Bloomberg, Alliance, Automotive Innovation, Biden, Fox News, Energy, Rapidan Energy Group, Bush White House, US Energy Information Administration, Trump Interior, Trump’s, Center for Global Sustainability, University of Maryland, State Department, Getty, United Nations Locations: Alaska, Paris, United States, Philadelphia, California, Washington ,, San Francisco, CNN California, Montebello , California, AFP

☆ Why oil companies are raking in record profits under Joe Biden
▼ + stars: | 2024-06-11 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

CNN —Nearly four years ago, while campaigning in the runup to the last presidential election, Donald Trump warned that President Joe Biden would “destroy” the oil industry. In the last three and a half years, US oil production — and oil and gas company profits — have broken records. That’s a 160% jump compared to the first three years of the pro-big-oil Trump administration, according to calculations by CNN. However, in March, the Biden administration approved ConocoPhillips’ massive Willow oil drilling project on Alaska’s North Slope, which holds around 600 million barrels of oil, angering climate advocates. Despite his mixed record with oil and gas companies, though, Biden has presided over a historic run for the industry, Kloza said.

Persons: Donald Trump, Joe Biden, Trump, Biden, That’s, —, Tom Kloza, ”, Hess, Chevron’s, Abdullah Hasan, Darren Woods, Mike Wirth, Woods, Obama, Bob McNally, Kloza, ” Kloza, “ It’s Organizations: CNN, Global, ExxonMobil, Chevron, ConocoPhillips, Resources, Schlumberger, Oil Price Information Service, US Energy Information Administration, Oil, Natural Resources, Exxon, White, Shareholders, Microsoft, Apple, The Washington Post, Keystone XL, Rapidan Energy Group, Republican Locations: United States, Ukraine, Boon, dealmaking, The

☆ Israel and Iran war or retaliation correction
▼ + stars: | 2024-04-19 | by ( ) www.cnbc.com time to read: 1 min

Clay Seigle, director of global oil service at Rapidan Energy Group, spoke Friday on CNBC's "Street Signs Asia." An earlier version misstated the name of the program.

Persons: Clay Seigle Organizations: Rapidan Energy

☆ 40% probability that trade through Strait of Hormuz will be disrupted
▼ + stars: | 2024-04-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'40% probability' that Israel-Iran tensions will disrupt shipping and oil trade at Strait of HormuzClay Seigle of Rapidan Energy Group says tensions between Israel and Iran have entered a "new chapter" as the "shadow war" between the two is now over.

Organizations: Rapidan Energy Locations: Israel, Iran, Strait, Hormuz Clay

☆ Israel and Iran: All-out war, or measured retaliation?
▼ + stars: | 2024-04-19 | by ( Natasha Turak | ) www.cnbc.com time to read: +5 min

Atta Kenare | AFP | Getty Imageswatch nowBut a full-blown conventional war would be devastating to both sides and highly destabilizing for the Middle East. Are these tit-for-tat blows between Israel and Iran clear evidence of all-out war, or carefully calibrated retaliation strikes? "With Israel's apparent strikes on Iran today, retaliating for Iran's attack on Israel last Sunday, we now have a direct nation-on-nation hot war," he told CNBC's "Capital Connection" Friday. 'Ball is back in Iran's court'Not everyone agrees that the line into wider war has been crossed, however. Within hours of the Israeli strikes, risk assets were already on their way back down, with international oil benchmark Brent crude turning lower for the session after a brief spike.

Persons: Atta Kenare, Benjamin Netanyahu, Joe Biden, Netanyahu, Ebrahim Raisi, Clay Seigle, CNBC's, Ehud Olmert, CNBC's Dan Murphy, Olmert, Ian Bremmer, Michael Singh, Israel, Rob Casey, Casey Organizations: AFP, Getty, Washington, Rapidan Energy Group, Israeli, Military, Israel, Eurasia Group, National Security Council, Wall Street, Signum Global Advisors, Anadolu, International Atomic Energy Agency, Brent Locations: Palestine Square, Tehran, Israel, Iran, U.S, Damascus, Gulf of Oman, Hormuz, Anadolu

☆ Oil prices could possibly be on the path to $100 per barrel, analyst says
▼ + stars: | 2024-04-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOil prices could possibly be on the path to $100 per barrel, analyst saysClayton Allen of Rapidan Energy Group discusses geopolitical risk in the Middle East and its potential impact on oil prices.

Persons: Clayton Allen Organizations: Rapidan Energy

☆ Demand and geopolitics will be crude oil's next driver, says Rapidan's Bob McNally
▼ + stars: | 2024-04-19 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDemand and geopolitics will be crude oil's next driver, says Rapidan's Bob McNallyBob McNally, Rapidan Energy Group Founder & President, joins 'Closing Bell Overtime' to talk the state of the energy markets as Middle East conflicts push oil higher.

Persons: Bob McNally Bob McNally Organizations: Rapidan Energy

☆ We're constructive on crude oil, says energy consulting firm
▼ + stars: | 2024-04-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're constructive on crude oil, says energy consulting firmClay Seigle of Rapidan Energy Group says it expects Brent crude oil prices to be in the "90s" later this year.

Persons: Clay Seigle Organizations: Rapidan Energy Group, Brent

☆ The oil markets are 'waking up' to the prospect of supply disruptions
▼ + stars: | 2024-04-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe oil markets are 'waking up' to the prospect of supply disruptions: AnalystClay Seigle of Rapidan Energy Group says he is "surprised that it has taken this long" for the oil markets to begin pricing in more of a geopolitical risk premium as the threat of Iranian direct involvement in the Middle East conflict rises and Ukraine demonstrating increased ability to target Russian refineries.

Persons: Clay Organizations: Rapidan Energy Group Locations: Ukraine

☆ IEA's forecast for oil demand to peak this decade is wrong: Analyst
▼ + stars: | 2024-02-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIEA's forecast for oil demand to peak this decade is wrong: AnalystBob McNally of Rapidan Energy Group explains why he doesn't expect global oil demand to peak in the next decade.

Persons: Bob McNally Organizations: Bob McNally of Rapidan Energy Group

☆ Oil prices could spike 20%, possibly double if Middle East conflict disrupts Strait of Hormuz
▼ + stars: | 2024-01-06 | by ( Spencer Kimball | ) www.cnbc.com time to read: +6 min

Shipping can be rerouted away from the Red Sea, but crude would be essentially trapped if the strait is shut down, Struyven said. A prolonged disruption in the strait could eventually double oil prices, he said. McNally thinks the market should be factoring in a $12 geopolitical risk premium in oil prices right now. Wirth told CNBC's Sullivan that Chevron is currently working with the U.S. Navy to protect its vessels transiting the Red Sea. "Hopefully, if it doesn't escalate further, we'll be OK — even if there has to be a wholesale diversion of shipments around the Red Sea," Granholm said.

Persons: you've, Daan Struyven, Goldman Sachs, CNBC's Brian Sullivan, Struyven, Bob McNally, McNally, Bush, Antony Blinken, Daniel Yergin, Yergin, Michael Wirth, Tehran's, Wirth, CNBC's Sullivan, Joe Biden's, Jennifer Granholm, Granholm, Israel, Benny Gantz, Gantz, Biden's, Bob Yawger, Yawger, Brent Organizations: Shipping, Rapidan Energy Group, National Security Council, P Global, Brent, Chevron, U.S . Navy, NBC News . Energy, Mizuho, Energy Information Agency, Gulf Locations: Red, Iran, Hormuz, Persian, Israel, Strait, Yemen, Danish, U.S, Lebanon, Beirut, Lebanese, Islamic Republic, The U.S, Europe, South Africa, United States, East

☆ US appeals court scraps Sempra's Port Arthur LNG emissions permit
▼ + stars: | 2023-11-15 | by ( Curtis Williams | ) www.reuters.com time to read: +3 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsHOUSTON, Nov 15 (Reuters) - A U.S. court has removed an emissions permit for Sempra's (SRE.N) Port Arthur LNG export terminal in Texas, but the company said construction of the facility will continue for now. The approximately 13.5 million-metric-tons-per-annum (mtpa) Port Arthur plant has approval to export LNG to both Free Trade Agreement (FTA) and non-FTA countries, including Europe, and is part of the U.S. LNG expansion to meet growing global demand for the superchilled gas. The decision sends the Port Arthur LNG permit application back to the TCEQ for new evaluation. Investment firm KKR (KKR.N) owns a 20% stake in Sempra Infrastructure while Sempra Energy owns 70% and Abu Dhabi Investment Authority owns 10%. John Beard, executive director of the Port Arthur Community Action Network, which brought the lawsuit challenging TCEQ, said of the ruling: “We’ve won by standing up for Port Arthur communities of color to breathe free from toxic pollution.

Persons: Dado Ruvic, Port Arthur, Sempra, John Beard, “ We’ve, –, Biden, Alex Munton, Munton, Curtis Williams, Deepa Babington, Stephen Coates Organizations: REUTERS, Rights, Port Arthur, Free, U.S, U.S ., Appeals, Fifth Circuit, Texas Commission, Environmental, Rio, Rio Grande LNG, Port, Sempra Infrastructure, ConocoPhillips, Investment, KKR, Sempra Energy, Abu Dhabi Investment Authority, Port Arthur Community Action Network, Global Gas & LNG Research, Rapidan Energy, Thomson Locations: Port, Texas, Europe, Rio Grande, Port Arthur, Abu Dhabi, Houston

☆ Oil prices slip even as Middle East tensions spike, as investors eye Fed meeting
▼ + stars: | 2023-10-30 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

In an aerial view, the Valero Houston refinery seen on August 28, 2023 in Houston, Texas. Oil prices dipped even after Israel sent ground forces into the Gaza Strip, raising tensions in the Middle East, as investors closely monitor the U.S. Federal Reserve's monetary policy meeting later this week. He said the ground operations were "limited so far" and noted other macroeconomic concerns. Oil prices surged late Friday, with Brent jumping above $90 per barrel as Israel said its troops were ‘increasing the ground operation’ in Gaza as it seeks to eradicate the militant group Hamas. "While a major oil supply disruption is not our base case, the oil market last week became a little too complacent about the likelihood of a major Israeli ground incursion in Gaza, and the risk of a wider regional war," McNally continued.

Persons: Israel, Brent, Bob McNally, Benjamin Netanyahu, McNally Organizations: . Federal, U.S . West Texas, Rapidan Energy Group, CNBC, Hamas Locations: Valero Houston, Houston , Texas, Gaza, ., U.S, Israel

☆ An 'extended war'? Markets may be underestimating the Israel-Hamas conflict
▼ + stars: | 2023-10-11 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +6 min

Oil prices jumped 4% on Monday before shrugging off those gains in subsequent sessions, and gold prices have inched higher by a little over 1% since the attack. "Global markets have yet to fully price the inflation risks from developments — from higher oil prices and more defense spending," Savage cautioned. That would cause the premium [of oil prices] to go higher," said Rapidan Energy Group's President Bob McNally. This could spike oil prices well north of $150 per barrel," Alpine Macro said in a note following the incursion. One analyst is of the view that even if the conflict prolongs, its implications on global markets is still largely contained.

Persons: Sameh, BNY Mellon, shrugging, BNY, Bob Savage, Savage, Amir Cohen, Bob McNally, McNally, Antony Blinken, Marko Papic, Mahmud Hams Organizations: Nurphoto, Hamas, U.S ., Swiss, BNY, Stockholm International Peace Research Institute, Reuters, Energy, United Nations, U.S, ., NBC News, Palestinian Health Ministry, Clocktower Group, CNBC, Brigades, Afp, Getty Locations: Gaza City, Israel, Palestinian, Gaza, Ukraine, Stockholm, U.S, Ashkelon, Iran, United States, Persian, Mahmud

☆ Watch CNBC's full interview with RBC's Helima Croft and Rapidan Energy's Bob McNally
▼ + stars: | 2023-10-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with RBC's Helima Croft and Rapidan Energy's Bob McNallyHelima Croft, RBC Capital Markets global head of commodity strategy, and Bob McNally, Rapidan Energy Group founder and president, join 'The Exchange' to discuss the impact warfare in Gaza has on energy markets, normalization talks with Saudi Arabia strained over the Israel-Hamas conflict, and the potential for Biden to tighten Iranian oil supplies entering the United States.

Persons: RBC's Helima Croft, Rapidan, Bob McNally Helima Croft, Bob McNally, Biden Organizations: RBC Capital Markets, Rapidan Energy Group Locations: Gaza, Saudi Arabia, Israel, United States

☆ Israel-Hamas conflict's impact on oil: Watch Iran, says energy consultancy
▼ + stars: | 2023-10-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIsrael-Hamas conflict's impact on oil: Watch Iran, says energy consultancyBob McNally, founder and president of Rapidan Energy Group, says the impact of the Israel-Hamas conflict on the oil market will be "fairly minor" if it doesn't expand to Iran.

Persons: Bob McNally Organizations: Israel, Rapidan Energy Group Locations: Iran, Israel

☆ The market's been 'a little too complacent' about Saudi oil cuts, says energy consulting firm
▼ + stars: | 2023-09-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe market's been 'a little too complacent' about Saudi oil cuts, says energy consulting firmBob McNally, founder and president of Rapidan Energy Group, says "the market is probably a little too complacent about the likelihood that these cuts — all of them — stay in place through the end of the year — especially that 1 million barrel per day [cut]."

Persons: Bob McNally Organizations: Rapidan Energy Group

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