Peter Stewart

Chief energy analyst

Prior to joining Interfax, Peter worked for five years as Principal Consultant at KBC Energy Economics, where he was chief economist and led the group's market analysis team. He is currently involved in econometric research at Surrey University on the subject of oil and gas pricing benchmarks, building on his 20 years of experience with the Price Reporting Agency (PRA) Platts. He worked at Platts for 15 years in a number of different roles, including Director of Markets and Pricing, in which role he was responsible for Platts global assessment processes for all commodities.

Email: peter.stewart@interfax.co.ukPhone: +44 (0)20 3004 6211
US oil production is rising and a backlog of uncompleted wells raises the risk of further price weakness later in the year. (Stockvault)

OPEC cuts fuel US production growth

US oil production is rising and a backlog of uncompleted wells raises the risk of further price weakness later in the year.

22 March 2017
The IEA report says that, by 2050, seven out of 10 new cars will need to be electric. (Tesla)

IEA at odds with industry consensus on EV growth

Divergent forecasts of fossil fuel demand over the next 20-30 years reflect sharply different perceptions of how many electric cars will be on the roads.

22 March 2017
Drilling for oil in the Permian Basin. (Devon Energy)

Permian drives US oil and gas production growth

The Permian Basin is at the epicentre of oil and gas production growth in the US, accounting for nearly half the wells drilled in the country this year.

15 March 2017
A young girl cooking a meal in Lahore, 1979.  (UN)

Gender may drive future gas demand growth

Women will account for a rising share of world primary energy use by 2050, and will be key to gas and power demand growth in Africa and other emerging markets.

8 March 2017
Cameron LNG plant. The US will become a leading exporter of both gas and liquids. (Sempra LNG)

US ratcheting up exports of crude oil and NGLs

US NGL and crude oil exports may have an even bigger impact on global markets than US LNG, Interfax Chief Energy Analyst Peter Stewart told an LPG conference in London this week.

2 March 2017
The potential for technological change has created uncertainty over how large the gas market can become, and in what time frame. (Statoil)

Gas investment may be shifting down a gear

The potential for technological change has created uncertainty over how large the gas market can become, and in what time frame. This is changing the pattern of investment in gas infrastructure.

24 February 2017
A Tesla utility-scale battery block. The efficiency of energy storage has improved exponentially in recent years.  (Tesla)

Gas and renewables: Back to the future?

Interfax Global Gas Analytics Chief Energy Analyst Peter Stewart spoke at an investment conference in London this week on the interface between gas and renewables, and what it means for energy demand.

22 February 2017
President Trump (left) and former national security adviser Michael Flynn (middle). (PA)

US energy strategy may affect oil and gas trade flows

Three strands of US president Donald Trump’s evolving energy strategy have potential implications for the oil and gas market.

15 February 2017
The Brigg gas-fired power station. Gas took the biggest share in the UK's recent capacity auction. (Centrica)

Gas and coal are winners in UK capacity auction

Fossil fuels could provide as much as two-thirds of the UK’s power next winter during periods when renewables fall short, if the provisional results of a UK capacity auction concluded earlier this month are confirmed.

8 February 2017
A gas trading floor in Houston, Texas. Evidence suggests traders are expecting prices to recover this year. (BP plc)

Futures traders appear to bet on higher oil, gas prices

Although the evidence is still tentative, weekly data from the CFTC suggests oil and gas traders are betting on a price rebound in 2017.

1 February 2017
The new US president has threatened to boost coal, cut emissions regulations and introduce tariffs on Chinese goods. His counterpart in Beijing, meanwhile, has stressed the need to do exactly the opposite. (PA)

Trump and China: on a collision course?

The new US president has threatened to boost coal, cut emissions regulations and introduce tariffs on Chinese goods. His counterpart in Beijing, meanwhile, has stressed the need to do exactly the opposite.

24 January 2017
GGA's poll of price forecasts reveals a clear trend. (Microsoft)

Forecasts poll suggests gas will lag gains in oil price

The latest GGA poll of analyst forecasts suggests oil prices will stage a strong recovery, but the rebound in gas prices will be modest. If this happens, hub-linked gas pricing will be substantially more attractive than oil indexation.

18 January 2017
A sustained recovery in oil prices will be hampered by the strength of the United States dollar. (SXC)

Oil price recovery: slow train coming

Oil and gas prices have risen since OPEC’s decision to cut production, but recent strength in the US dollar means a recovery will take time.

11 January 2017
Retail energy prices have not fallen in line with wholesale market prices, particularly in the residential sector, an EU report says. (BP plc)

Retail still out of line with wholesale prices – EU

Retail energy prices have not fallen in line with wholesale market prices, particularly in the residential sector, an EU report says.

19 December 2016
The US has more than 5,000 wells drilled but not completed, meaning production could be in for a boost if the oil market rebalances in 2017. (PA)

Next year’s well completions may boost US oil and gas

The US has more than 5,000 wells drilled but not completed, meaning production could be in for a boost if the oil market rebalances in 2017.

19 December 2016
Russian Energy Minister Alexander Novak (left) and his Saudi counterpart, Khalid Al-Falih, after the meeting on 10 December. (PA)

Gas markets may diverge from crude in 2017

A recovery in oil prices will help underpin gas prices in 2017, but the price of the fuels is likely to diverge.

14 December 2016
An Anadarko drilling rig in the Eagle Ford shale play. (Anadarko)

OPEC decision will boost US production

OPEC’s decision to cut production in the first half of 2017 marks an end to Saudi Arabia’s two-year experiment with unrestrained output. Ironically, shale production in the US looks set to benefit.

7 December 2016
Sinopec's LNG terminal in Beihai, Guangxi. China could become the world’s largest importer of the fuel by 2025. (Sinopec)

China on way to being second-largest LNG importer

Interfax’s Chief Energy Analyst Peter Stewart spoke at the International LNG Congress in Hamburg this week on the outlook for Chinese gas demand and LNG import growth.

30 November 2016
Supporters of US President-elect Donald Trump applauding his pro-fossil-fuel stance at a campaign rally earlier this year. (PA)

OPEC to debate cuts but market share still an issue

Next week, OPEC will hold its first ministerial meeting since Donald Trump was elected as the next president of the United States.

23 November 2016
U.N. climate chief Patricia Espinosa, 2nd left, and Morocco's Foreign Minister Salaheddine Mezouar, centre, celebrate after the proclamation of Marrakech, at the COP22 climate change conference, in Marrakech, Morocco, 17 November 2016.

Trump looks set to pull out of Paris climate deal

The US president-elect thinks climate change is a hoax and looks likely to withdraw his country from the COP21 agreement and scrap emissions reduction plans.

18 November 2016

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