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Shell to Add up to 12 Million Tons of additional LNG Capacity by 2030

(Reuters) – Shell, the world’s largest trader of liquefied natural gas, will add up to 12 million metric tons of additional capacity between now and the end of the decade from projects under construction, a top executive said on Wednesday. “(There is) up to 12 million tons of additional (LNG) capacity that we’re adding between …

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Oil Rises to 7-Week High as Investors Await Trade Truce Details and US-Iran Talks

Summary Markets cautious on US-China trade talks outcome Rising supplies remain a key focus Weekly EIA crude and fuel inventory report due at 1430 GMT (Reuters) – Oil prices rose to a seven-week high on Wednesday as markets assessed the outcome of U.S.-China trade negotiations, while pessimism over U.S.-Iran nuclear talks also provided support. Brent …

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Oil Demand Growth to Continue, No Peak in sight, OPEC Secretary-General Says

Oil demand growth will remain robust over the next two and a half decades as the world population grows, OPEC Secretary General Haitham Al Ghais said on Tuesday. The organization expects a 24% increase in the world’s energy needs between now and 2050, with oil demand surpassing 120 million barrels per day over that time …

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OPEC Secretary-General Takes Aim at Net-Zero Targets ‘Detached From Reality’

There’s no peak in global oil demand on the horizon and it will take trillions in investment in the coming decades to meet that need, the secretary-general of the Organization of Petroleum Exporting Countries said Tuesday. Primary energy demand is forecast to rise by 24 per cent between now and 2050, surpassing 120 million barrels …

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