Petroleum industry

September 17th in the Pasadena area, 2026 Economic Alliance Houston Port Region will host their Gulf Coast Industry Forum.

On September 17th, the Women in Oil and Gas, WOGA, Colorado will has- have their, uh, Mastering Negotiation event.

Going back to Houston, September 17th, the PVF Roundtable Young Professionals will have their social event in Houston.

Also on the 17th, GPA Midstream Houston will host their Astros social outreach event.

Going to the 18th, Oilfield Helping Hands will host their 21st annual Masters Charity Golf Tournament.

Going back to Louisiana, September 18th, the Sabine Coding Society will host their golf tournament that will be taking place in Sulfur, Louisiana.

And next month, Allstream will be hosting Decanted, opening up connections in oil and gas, an evening with executives for wine tasting.

Spouses are welcome, but you have to be on our guest list to join.

So there are tradeoffs needing to happen, and I hope that one of those tradeoffs is air defense interceptors are not able to be built up at the capacity that Russia currently needs.

One of the effects of this is no doubt the Russian economy and the Russian oil industry.

There is an incredible report in Reuters and Bloomberg just overnight talking about the volume of disruption to this vital Russian industry.

Reuters reported that the International Energy Agency said on Friday that it again revised down the outlook for Russia's oil production due to ongoing Ukrainian drone strikes on energy infrastructure.

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Welcome to Oil and Gas Upstream.

I'm Elena Milclett, your host.

Some of you know me as the former director for Oil and Gas upstream research at the US Department of Energy.

I retired from the DOE, founded Energia Consulting, and joined the Oil and Gas Global Network as a podcast host.

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To your specific question about the elevated price of oil as a consequence of what happened over the weekend, you hit a lot of the high points.

Um, you had this dust-up between the Houthis, the government of Yemen, and the Saudis, and if it sounds complex to you, it's because all civil wars basically are, which is one of the reasons why we would prefer the US not get entangled in too many of other people's civil wars.

But we started to see the Houthis attack some, uh, Saudi assets, and, and the oil markets are pricing in the prospect of closing of the Red Sea and all of these other sort of tail risks that, um, have been simmering but have not yet been sort of imposed upon the market to truly deal with.

Um, something else might have happened over the weekend.

You know, we have this open source methodology of trying to fight our way through all the signal on Telegram and Twitter/X and things like that, and it, it looks like for the first time Iran has been firing some pretty sophisticated missiles at US warships, including, uh, a US aircraft carrier.

They've overbuilt everything in the energy space.

And the product is you got a bunch of factories that in isolation, the numbers look terrible, but in aggregate at the country level, China has figured out how to buffer a sudden drop of 5 to 6 million barrels a day of crude.

That's a meaningful change to the oil markets that nobody saw coming, including us.

Ghana should just treat this as a rent for and not a permanent revenue base.

And so for sustainability to occur, or for us to have, say, this projection is going to be sustainable, then it means Ghana would have to continuously have a stable production volumes and also government to make the right investment in terms of the petroleum sector.

And so in conclusion, I'm just going to say that it's very positive, something that is going to help Ghana.

However, it's not something that is going to be sustainable due to the fact that government is mainly getting these targets due to the temporary global oil shocks that we are seeing currently.

And so potentially, in the short run, most of these oil companies are going to reduce their prices, but it's not something that consumers and households should think that it is going to be sustainable in the long run.

So it's going to be something marginal due to the fact that there are other factors that affect oil pricing in Ghana and all these things are going to come into force when we are pricing oil and so households we just know that they're going to be a marginal decrease in terms of oil prices but not something that is going to impactfully drive down oil prices in the long run.

Yeah, and my final question, I mean, government is pursuing value addition, which is great, but then the question is what can the government do to derive more value from a petroleum sector rather than primarily rely on crude exports?

Well, I think this is the most important thing that governments need to look at.

So let's dive deeper into the energy sector to see where we could possibly find some ideas to set up for next week.

So we've got oil and gas drillings up twenty percent last month but a hundred percent, a hundred percent of everybody in this industry has a buy signal already.

Uh, your time to abide has already come and gone my friends.

How about Oil & Gas Exploration and um production.

So we have four different industries so what we're gonna do is we're gonna click this and it's gonna pull up our screener over here [swallows].

Now in our screener it is going to already do a little bit of the work for us uh but we still have to click the other three.

So we've got Oil & Gla-- Oil & Gas refining & marketing let's zoom in tooo Oil & Gas Integrated lets zoom intooo Oil & Gas midstream aaand then lastly Oil and Gas equipment and services .Now as we run through this we're gonna have positive only backtest thirty day average volume I want all the volume imma be looking for buy signals in the last week.So where are we actually moving to in the last week ?We're gonna go right there aand we only...we dont want any partial data stocks aaaand Lets hit apply filter and see what comes through But keep in mind everything that we talk about today hinges on Donald Trump the Commander In Chief Sitting On his toilet and whatever he tweets out with his golden thumbs on his Golden throne Can Have absolutely A huge detriment Or maybe even a Help To this entire Industry So a Huge giant Asterisk on All this ExxonMobil Kinder Morgan BP Baker Hughes And Williams Companies Are the First Four On the Board Up Here Lets Take a Look At Em Okay so Exxon Mobil This Is Umm Got A Fresh Buy Signal Its Been Getting More And More And More Greedy Peaked For A Minute And Is Now Starting To Get More greedy The Sector As You Can See Down Here Is getting More And More Greedy Aaand Uh We Are Getting More Uptrendsin This Sector As Well So Theres Alot Of Life In This Sector Infact If We Come Up Here On The eight Of Nine Xom Is A Eight Of nine The Only Thing It Doesnt Have Is Breath So Were Gonna Throw XOm Right Here At The Top X xom A Score Of Eight Out Of Nine Uh, which is going to be the best possible score that I can give you today, uh, because of breadth.

Okay, let's take a look at KMI.