Plus 16 Bcf/d: Power Hungry AI Chips to Amp US NatGas Draw
Top U.S. natural gas producers, including Chesapeake Energy and EQT Corp., anticipate up to 16 Bcf/d more U.S. demand for powering AI-chipped data centers in the coming half-dozen years.
Morgan Stanley Lifts Q3 Brent Crude Oil Forecast on Geopolitical Risk
Morgan Stanley has raised its Brent crude oil price forecast for the third quarter of this year by $4 per barrel to $94, citing geopolitical risks. “That the degree of geopolitical risk in key oil producing regions has increased recently seems clear and uncontroversial,” the bank said in a note dated Monday. Brent futures rose …
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U.S. Natgas Flows to Texas Freeport LNG Export Plant Seen up on Tuesday
The amount of natural gas flowing to Freeport LNG’s liquefied natural gas (LNG) export plant in Texas was on track to rise for a second day in a row on Tuesday, according to data from financial firm LSEG. Energy traders said gas futures were trading about 2% higher so far on Tuesday on the possibility …
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Kathairos Launches Energy Influencer Spotlight: PennEnergy Resources Champions Innovative Methane Emissions Reduction Across Appalachia
PITTSBURGH, PA [April 9, 2024] PennEnergy Resources, LLC, a leading player in the Appalachian Basin’s natural gas industry, is proud to announce its progressive achievements in emissions reductions of methane and other pollutants, as part of Kathairos Solutions’ Energy Influencers campaign. This initiative celebrates the industry’s frontrunners in environmental stewardship, showcasing PennEnergy’s commitment to responsible …
Betting on the Future: Chevron Technology Ventures’ Investment Strategy
After a quarter century, Chevron Technology Ventures seeks both incremental and breakthrough technologies with its early-stage investment program.
Deepwater Roundup 2024: Offshore Australasia, Surrounding Areas
Projects in Australia and Asia are progressing in part two of Hart Energy’s 2024 Deepwater Roundup. Deepwater projects in Vietnam and Australia look to yield high reserves, while a project offshore Malaysia looks to will be developed by an solar panel powered FPSO.
Power Bills Will Keep Rising Even After the Fed Tames Inflation
As utilities shell out to fortify, decarbonize and expand their grids, US ratepayers are footing the bill. Bloomberg Alfredo De Avila grows increasingly frustrated when his electricity bill arrives each month. Price gains for groceries and other household essentials have eased in the past year, but the rising cost of power is still eating into …
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Energy Transfer Files for Regulator Review in Pipeline Spat
Firm wants FERC to verify developer Williams is in compliance Pipeline giant is in legal battle with several developers Bloomberg Energy Transfer LP is asking the Federal Energy Regulatory Commission to take a closer look at a Williams Cos Inc. pipeline project as a legal battle rages between the two companies. Energy Transfer said in a FERC filing …
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Oil Market to Get ‘Extremely Tight’ in Second Half, Citadel Says
Prices could rise to a level that will constrain demand OPEC regained control of the market, says Sebastian Barrack Bloomberg Global oil markets are on track to be “extremely tight” in the second half, with prices rising to a level that will eventually constrain demand if OPEC doesn’t bring back more supply, said the head …
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Odds of $100 Oil Rise as Supply Shocks Convulse the Market
Intensifies fears of commodity-driven inflation resurgence Bloomberg News When oil prices jumped above US$90 a barrel just days ago, military tensions between Israel and Iran were the immediate trigger. But the rally’s foundations went deeper — to global supply shocks that are intensifying fears of a commodity-driven inflation resurgence. A recent move by Mexico to slash its …
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