Saudi Arabia’s energy minister has warned speculators to “watch out” – an implied threat to cut production again to drive prices higher when ministers from the expanded OPEC+ group of exporters meet on June 4. “I keep advising them (speculators) that they will be ouching, they did ouch in April, I don’t have to show …
OPEC+ Credibility on Line with Talk of More ‘Ouching’: John Kemp Read More »
U.S. natural gas futures gained about 2% on Wednesday on forecasts for cooler weather this week and warmer weather next week that should boost demand more than previously expected through early June. Gas prices also gained support from low amounts of wind power in recent weeks that have forced power generators to burn more gas …
US natgas up 2% on forecasts for higher demand through early June Read More »
For global investors, predicting President Andres Manuel Lopez Obrador’s moves has never been easy. And now as he enters the home stretch of his presidency, it might get even harder. Last week, billionaire German Larrea woke up to find the government had seized a 120-kilometer stretch of a rail line he owns. The Navy took …
AMLO’s Seizure of a Billionaire’s Rail Line Is Making Investors Wary of Mexico Read More »
U.S. natural gas futures fell about 3% to a one-week low on Tuesday with U.S. output on track to hit a monthly record high and as exports from Canada increase as some producers in Alberta return to the wellpad after wildfires. That price decline came despite forecasts for a little more U.S. gas demand over …
U.S. natgas down 3% to one-week low on record output, rise in Canada exports Read More »
By Geoffrey Cann I’ve written hundreds of articles about the liquefied natural gas (LNG) industry, and I’m still learning stuff I didn’t know. At an LNG conference last week, I heard speakers share perspectives on a range of topics that warranted a reminder of the nuances of this fascinating industry. Here’s eight things about LNG that you …
Eight Things You Didn’t Know About LNG – Geoffrey Cann Read More »
By Gavin Maguire LITTLETON, Colorado, May 22 (Reuters) – China is by far the number one global solar power producer in terms of installed capacity, but is 150th on the list of nations ranked by the World Bank in terms of photovoltaic (PV) power potential. The practical PV potential metric is a measurement of the …
Column: The Top Global Solar Power Potential Hotspots Read More »
(Reuters) – Dealmaking is picking up in the Permian basin, the largest U.S. oil patch, as drillers look to quickly rebuild their depleting assets. Permian is a prime target for producers looking to increase their inventory. The shale patch, which lies between Texas and New Mexico, has the necessary infrastructure and is known for high …
Permian Set for M&A Frenzy as Cash-Rich Producers Seek Reserve Boost Read More »
DUBAI, May 22 (Reuters) – OPEC Secretary General Haitham Al Ghais said on Monday that underinvesting in the oil and gas sector could cause market volatility in the long term and imperil growth. He also said the world needs to focus on reducing green house gas emissions rather than replacing one form of energy with …
OPEC sec general says underinvestment could trigger oil market volatility Read More »
A recent story by BNN Bloomberg—headlined “Drop the ‘Natural’ in Natural Gas, Climate Activists Urge US Officials”—notes that an environmental advocacy group called “Gas Leaks” wants the United States Federal Trade Commission (FTC) to rename the substance we all currently know as, well, natural gas. Apparently, climate activists believe the term “natural gas” carries overly positive connotations …
Commentary: Climate Activists Continue Their Confusing Crusade Read More »
Every morning, more than 600 workers clock in at the Louisiana shipyard where the Eco Edison, the first US-built vessel to service offshore wind farms, is under construction. At quitting time, a parade of pickups and dusty sedans forms a traffic jam on the road back into town, past buildings that serve the long-dominant oil and gas …
An American Oil Hub Is Pivoting to Offshore Wind Read More »
