Chief Executive Officer at Industrad Limited
Contributor's Links: The Reference Files

Consulting services include:

Oil & Gas Services:
Strategic oil and gas investment advisory, reservoir/petrophysical analyses, petroleum product trade and marketing

Applied Geophysics in Geotechnical Engineering:
Integrated geophysics in pipeline ... more


EC Crude Oil Prices And Current Market Dynamics
Crude oil prices have risen by more than 150% since Nov. 2016, reaching near four-year highs over the past few days. Even Saudi Arabia and Russia have been talking up a rollover of the production cuts.
Why The Uncertainty Over Crude Oil Prices Will Endure?
24 oil-producing countries, members as well as non-members of the OPEC, met Thursday, 25 May, and voted to extend their production reduction accord by 9 months. The extension aims to rebalance the global oil market and stabilize oil prices.
Rebalancing The Oil Market: Issues To Watch
The ruinous tussle for market share between tight oil producers in North America and OPEC, saw crude oil prices slump by more than 70% from the second quarter of 2014 to twelve-year lows in the first quarter of 2016. Prices have rebounded somewhat.
The Internecine Duel For Oil Market Share
In 2014 OPEC adopted a laissez faire output policy which essentially removed caps on members’ supply quotas. It was a thinly-veiled attempt to drive the higher-cost (North American tight oil) producers offline and take share of the global market.
Global Crude Oil Rebalancing And The Producers’ Accord
Crude oil prices plummeted from more than US$110 per barrel in the second quarter of 2014 to just above US$26 per barrel in the first quarter of 2016.
Crude Oil Prices And An Uncertain Rebalancing
The rise in crude oil prices from twelve-year lows seen in the first quarter of the year led many analysts to project a complete oil market rebalancing between 4Q 2016 and 3Q 2017.


Latest Comments
Congress To Lift Four Decade Oil Export Ban: Will It Impact Crude Prices?
3 years ago

Energy issues in the United States legislature are very emotive and almost always divisive. This deal however will most likely be of little effect in the near term. First because in addition to arbitrage issues, U.S. crude grades will be competing with well-established ones of similar grade (e.g. Bonny Light, Qua Iboe Light which sell at premiums to international benchmark Brent). Secondly, in a low oil price regime, the U.S. producers may be unable to offer refiners the necessary price discounts to enable them come on board quickly.

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APC Anadarko Petroleum Corporation
BP BP p.l.c.
COP ConocoPhillips
EOG EOG Resources Inc.
HES Hess Corporation
MRO Marathon Oil Corporation
OIL iPath B S&P GSCI Crude Oil TR ETN
TNX 10 Year Treasury Note
UCO ProShares Ultra Bloomberg Crude Oil
UGA United States Gasoline Fund LP
UGAZ Credit Suisse VelocityShares 3X Long Natural Gas Exchange Traded Notes 2012- Linked to S&P GSCI Natu
UNG United States Natural Gas Fund LP
USO United States Oil Fund, LP
UUP PowerShares DB US Dollar Index Bullish Fund
UWTI VelocityShares 3x Long Crude Oil ETN
WLL Whiting Petroleum Corporation
WTI W&T Offshore Inc.
XOM Exxon Mobil Corporation
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Work Experience


University of Windsor, Windsor, Ontario, Canada
1981 / 1982
Geology (Geophysics)


Paleomagnetism of The Gunflint Iron Formation of Northwest Ontario
Dennis U. Atuanya, D.T.A. Symons, M. Stupavsky
Institutes on Lake Superior Geology

Stratigraphy; geophysics; paleomagnetism; paleomagnetic poles; metamorphism; Gunflint Formation; Animikie Group; Southern Province; Penokean Orogeny; Hudsonian Orogeny; Precambrian.

The Reference Files
Dennis U. Atuanya
Dennis U. Atuanya

The blog of energy analyst Dennis Ude Atuanya covering the energy sector (from operations to geopolitical and policy issues).