Colt Ables

MBA in Energy, Economics, M.S Finance, Adv Intl Affairs. Interests: Politics - Energy - International Relations and Geopolitics

[Dan Tsubouchi @Energy_Tidbits]

Shell CEO Sawan reminds the #1 rule of oil production - it declines so need to add new production every year just to keep production flat.

"the world needs more oil. We're growing at 1 million b/d demand at the moment, consistently. And natural declines on existing fields are around 5 million b/d. So we're having to replenish around 6% of global production every single year."
#oott @BenMBoulos @SquawkBoxEurope

[OilPrice.com @OilandEnergy]

A Reuters poll sees WTI averaging just $59/bbl in 2026, with Brent at $62.23, as rising OPEC+ and non-OPEC+ supply keeps markets oversupplied. ConocoPhillips warns U.S. shale plateaus at $60–$65. Goldman forecasts WTI at $53 next year. #OOTT #Oil #WTI

[Anas Alhajji @anasalhajji]

Whatever you read about the closure of Hormuz Strait is written years ago! There is nothing new. The Iranian regime threatened to close it about 15 times since 1980!

[Herman Wang @HermsTheWord]

Is the oil market tight? Dated Brent is in backwardation, summer driving season in Northern Hemisphere is approaching, and global oil inventories are low compared to 5-yr avg (see IEA chart below). This is the environment in which OPEC+ is accelerating production rises. But... 1/

[Bloomberg @business]

Saudi Arabia’s Defense Minister Khalid Bin Salman met Iran’s Supreme Leader Ayatollah Ali Khamenei on Thursday, a sign that Riyadh is taking an active role in efforts to avoid a major security crisis between the US and Tehran https://t.co/sY9TScqzfy

[Eric Nuttall @ericnuttall]

So, the US is going to tariff its cheapest source of oil (Canada) while simultaneously refilling the SPR just as US shale is growing at its slowest pace since inception? Makes sense???

[Colt Ables @ColtAbles]

#NewProfilePic

[Bob McNally @Bob_McNally]

US energy policy headed back to all of the above—bueno.

However, the only ways to halve oil prices quickly are to induce a recession (lower pump prices, yes, but folks would still frown) or convince OPEC+ to open the taps.

Each option sharply reduces oil prices but also hammers US shale oil production. We are the biggest but also the highest-cost and most price-sensitive major producer. No bueno.

$35 crude, or a healthy shale oil sector, but not both.

[ian bremmer @ianbremmer]

looks like next to no casualties from iranian strikes on israel—telegraphed significantly in advance to the americans.

iran hoping to reestablish some minimal level of deterrence while avoiding escalation.

[Mark Nelson @energybants]

NEW DEPT. OF ENERGY NUCLEAR REPORT RELEASED

Just out a few minutes ago.

Some of the absolute sharpest minds in nuclear put in months of work on this report and it shows.

Key highlights for me, below...

[Tracy Shuchart (𝒞𝒽𝒾 ) @chigrl]

We have a big problem with US food supply if this East Coast and Gulf port strike comes to fruition...and it looks as though it is almost a certainty

East Coast and Gulf ports handle 56% of all containerized imports in the US

53% of US waterborne agricultural imports by volume are vulnerable to this strike, leading to a potential economic impact of over $1.1 billion per week according to the US Farm Bureau

US food import by volume (source: USDA)

[Dallas Fed @DallasFed]

Dallas Fed Energy Survey: Many oilfield service firms were impacted by low Waha Hub natural gas prices in the Permian in Q3. 47% said low prices had a slightly negative impact on their firm and 17% reported a significant negative impact. https://t.co/4ZDVnT96VP

[OilPrice.com @OilandEnergy]

Bearish sentiment isn't going anywhere...
https://t.co/SBEtAi15mo

[Anas Alhajji @anasalhajji]

If OPEC+ has NOT cut production at all, prices would have declined to the low $30s in 2023 and would be in the high $50s today.
Non-OPEC production would have been about 2.4 mb/d lower. US oil production would have been about 1 mb/d lower.

US SPR would have been about 430 mb by now while chinese inventories would be around 1.2 billion barrels.

Norway would not have been able to subsidize electric vehicles the way it did!

The wave of M&A would not have happened. Every single oil fund would have gone bust.

So be thankful that oil is a natural resource and its owners would like to preserve the value of their assets. #Oil #OPEC

[JH @CRUDEOIL231]

BofA cut its 2025 Brent oil forecast to $75/bbl.

#oott #com

[Colt Ables @ColtAbles]

She’s not wrong. Multi-family conversion of older properties would be a nightmare in many scenarios.

[Danielle DiMartino Booth @DiMartinoBooth]

The vast majority of Office cannot be economically converted to Multifamily. The sector doesn’t need legislation, it needs to trade for the value of the dirt underneath it.

I’m bullish on demolition services firms.

[Colt Ables @ColtAbles]

So money buys loyalty — got it.

[Eric Trump @EricTrump]

It's disappointing that after decades of unwavering love, support, golf memberships, family vacations and millions of dollars in support for his wonderful son, Fred Trump has decided to 'cash in' less than a 100 days before an election. I have signed the checks and witnessed first-hand as my father, and our family, has provided endless financial support so that Fred’s son could receive the best possible medical care. To read this garbage and see that he has now followed his troubled sister simply earn a quick buck is disgusting, disheartening and a prime example of 'no good deed goes unpunished'.

[Amena Bakr @Amena__Bakr]

Opening session at @wef, Davos this time is in Riyadh. Speaking on the subject of green molecules, Saudi’s energy minister Prince Abdulaziz said that the world needs to be color agnostic, all molecules are needed to meet energy demand. #OOTT

[Colt Ables @ColtAbles]

@ericareport Surely she sees what she did here…

[Colt Ables @ColtAbles]

In honor of the great #stephensondheim-- one of his greats https://t.co/1mghXYkLsb