Bloomberg News After spiraling downward for months, futures have steadied on weaker production prospects. After spiraling downward for months, the US natural gas market has finally found a floor. Prices for the fuel had their biggest single-day gain in more than 18 months Wednesday after one of the largest domestic producers, Chesapeake Energy Corp., said it was slashing its …
Natural Gas Prices Finally Find a Floor in the U.S. Read More »
Bloomberg News Canada’s oil producers are poised to pour about half a million barrels of new daily output — more than the total production of some Organization of Petroleum Exporting Countries (OPEC) members — into world markets over the next year or sp. And while the deluge of new crude will be a boon to …
Canada’s Oil Boom Threatens to Bring Back Pipeline Shortages Read More »
Bloomberg News Canada’s oil producers are poised to pour about half a million barrels of new daily output — more than the total production of some Organization of Petroleum Exporting Countries (OPEC) members — into world markets over the next year or sp. And while the deluge of new crude will be a boon to …
Canada’s Oil Boom Threatens to Bring Back Pipeline Shortages Read More »
(Reuters) – Oil prices were down on Friday and on track to end a two-week winning streak after the U.S. central bank indicated interest rate cuts could be delayed by at least two more months. Brent crude futures were down 94 cents, or 1.1%, at $83.73 a barrel at 1015 GMT on Friday, while U.S. …
Oil Set to End Two Week Winning Streak After Fed Says in No Rush to Cut U.S. Rates Read More »
Summary Shell’s LNG trading accounted for third of Shell’s Q4 profit Trading was boosted by East-West arbitrage, CEO said (Reuters) – Nearly a third of Shell’s profit in the fourth quarter of 2023 came from the $2.4 billion it made in trading liquefied natural gas (LNG) as it captured strong demand ahead of winter, three sources …
Shell’s LNG Trading Makes $2.4 billion in Final 2023 Quarter, Sources Say Read More »
Canada’s economy has stagnated, with a “mild to moderate” recession expected this year. Alberta can help Canada through this economic growth crisis by reaping the benefits of a strong commodity market. But for this to happen, the federal and provincial governments must eliminate damaging policies that make Alberta a less attractive place to invest. Every year, …
Led by growing demand in China and the need for energy security, LNG is playing an increasingly important role in global gas supply By Deborah Jaremko A worker at Shell’s Hazira LNG import terminal, about 250 kilometers from Mumbai, India. Photo courtesy Shell Global energy giant Shell has released its latest outlook for world liquefied natural …
Nine Major Insights From Shell’s Latest Global LNG Outlook Read More »
Government should remove all preferences for EVs and allow them to compete and grow on a free market. By Alex Epstein Government should remove all preferences for electric vehicles and allow them to compete and grow on a free market. This will enable EVs to reach their full potential to provide affordable, no-tailpipe-emissions transport without …
COMMENTARY: The Case for EV Freedom – Alex Epstein Read More »
Oilfield service companies and drillers have put the brakes on hiring and further job cuts could loom as natural gas producers respond to sliding prices by slashing spending on new wells to reduce excess production. Already some 4,680 oilfield jobs have been lost since December, according to data from trade group Energy Workforce & Technology …
U.S. Oilfield Job Losses Could Swell as Natural Gas Prices Plunge Read More »
U.S. crude oil stockpiles rose while gasoline and distillate inventories fell last week, the Energy Information Administration said on Thursday. Crude inventories rose by 3.5 million barrels to 442.9 million barrels in the week ending Feb. 16, the EIA said, compared with analysts’ expectations in a Reuters poll for a 3.9 million-barrel rise. Crude stocks …
U.S. Crude Stockpiles Rise, Gasoline and Distillate Draw Down – EIA Read More »
