With supply rising rapidly and use in power generation threatened, overseas demand for LNG is the only bright spot around. By Liam Denning Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column. It is …
COMMENTARY: War, Wind and Solar Spell Trouble for Gas Bulls Read More »
(Reuters) – The economic incentive to import oil from the U.S. Gulf Coast to Asia has closed as the cost of booking supertankers on the route has surged amid a jump in bookings for the vessels, traders said this week. With the arbitrage for U.S. shipments closed, Asian refiners may make up some of the …
Surging Freight Rates Close the door on US Crude Oil Shipments to Asia Read More »
Summary Libya’s 300,000 bpd of supply still offline U.S. crude stocks fall by 5.2 million barrels, API reports Euro zone facing possible recession, ECB VP says U.S. oil output to touch a record high in 2024 Coming up: EIA supply report, 1530 GMT (Reuters) – Oil steadied on Wednesday, giving up most of its earlier …
Oil Steadies as Middle East Tensions Offset Economy Concerns Read More »
By Julio Mejía and Elmira Aliakbari This report presents the results of the Fraser Institute’s 2023 US-Canada Energy Sector Competitiveness Survey regarding barriers to investment in oil and gas exploration and production facilities in each country. The survey responses have been tallied to rank Canadian and American jurisdictions according to the extent of such barriers. A total of …
US-Canada Energy Sector Competitiveness Survey 2023 Read More »
Fossil fuel expansion will be critical issue as election nears Panel of government officials convened over the weekend The Biden administration is reevaluating the climate criteria it uses to approve new liquefied natural gas export facilities, threatening to stall pending projects as the 2024 election nears. A panel of government officials convened by White House …
Biden Mulls Tougher Climate Test for New LNG Projects Read More »
U.S. natural gas production and demand, as well as liquefied natural gas (LNG) exports, will hit record highs again in 2024, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Tuesday. The EIA projected dry gas production will rise to 105.04 billion cubic feet per day (bcfd) in 2024 …
U.S. Natgas Output and Demand to Hit Record Highs Again in 2024 – EIA Read More »
U.S. crude production will rise to record highs in 2024 and 2025, but will grow less than it did last year, the U.S. Energy Information Administration (EIA) said on Tuesday. In its Short-Term Energy Outlook (STEO), EIA projected U.S. crude production will rise by 290,000 million barrels per day (bpd) to 13.21 million bpd this …
U.S. Crude Production to Reach Record High in 2024, EIA Says Read More »
U.S. natural gas futures climbed about 4% to a seven-week high on Tuesday on forecasts for extremely cold weather next week that will boost demand to a record high. In addition to sky-high gas demand, extreme cold could cause production to drop by freezing oil and gas wells, pipes and other energy equipment as happened …
U.S. Natgas Prices Up 4% to 7-Week High Ahead of Record Demand Next Week Read More »
A massive winter storm moving across the eastern half of the U.S. on Tuesday ahead of a forecast brutal freeze this weekend knocked out power to over 302,000 homes and businesses in nine states. The hardest hit states so far were Georgia with over 65,000 power outages, Florida with over 62,000 outages and Alabama with …
Massive Winter Storm Batters U.S., Knocks Out Power to Over 300,000 Customers Read More »
FOR IMMEDIATE RELEASE Jon Haubert | 303.396.5996 Enverus releases its 2024 Outlook Series of reports focus on the shifting dynamics of oil and gas, energy transition and geopolitics AUSTIN, Texas (Jan. 9, 2024) — Enverus, the most trusted energy-dedicated SaaS company, has released its 2024 Outlook that includes a series of reports discussing topics the organization believes …
