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The small Gulf nation plans to snag an even bigger share of the global natural gas trade, adding more than $30 billion to its annual revenue in the process. With a two-phase mega-expansion already underway and an enormous new buildout now on the horizon, the small Gulf nation of Qatar is setting itself up to control about …
Qatar’s Gas Boost Will Bring Energy Dominance – and Lots of Cash Read More »
Summary OPEC+ producers to continue cuts of 2.2 million bpd Russia to deepen oil output cuts, ease export limits Oil seen opening stronger when trading resumes – PVM DUBAI, March 3 (Reuters) – OPEC+ members led by Saudi Arabia and Russia agreed on Sunday to extend voluntary oil output cuts of 2.2 million barrels per …
OPEC+ Members Extend Oil Output Cuts to Second Quarter Read More »
(Reuters) – Energy companies are ramping up exploration activities in Southeast Asia to boost natural gas output and meet long-term demand growth, drawn by recent discoveries and improved investment policies, company executives and analysts said. Malaysia and Indonesia have recently seen successful upstream discoveries, including a major discovery by Mubadala Energy in the South Andaman Block, following years …
Energy Firms Boost Gas Exploration in Southeast Asia to Meet Growing Demand Read More »
OPEC oil output rises by 90,000 bpd in February, survey finds (Reuters) – The following table shows crude output by the Organization of the Petroleum Exporting Countries (OPEC) in millions of barrels per day (bpd) in February and January, according to a Reuters survey published on Thursday. OPEC and allies, together known as OPEC+, announced …
OPEC Oil Output Rises by 90,000 Bpd in February, Survey Finds Read More »
(Reuters) – A record year for building new wind farms and a rebound in investments in the sector have raised hopes that the EU may achieve its clean energy targets, industry group WindEurope said on Wednesday. In an annual report, WindEurope described 2023 as a year of “significant improvements” in key areas of Europe’s wind …
Record Year for Wind Farms Raises Hope for EU Green Energy Goals Read More »
(Reuters) – India’s coal sector is united about one thing. It doesn’t matter if you are a miner, trader, utility or steelmaker, you are bullish, extremely bullish. The overarching theme at this week annual Coaltrans India conference in the western state of Goa is that coal production, imports and demand are all going to rise …
India’s Coal Sector Sees Huge Leaps in Output and Demand Read More »
Global liquefied natural gas (LNG) demand will grow in 2024 with top buyer China back in the market and consumption in Europe rising, a TotalEnergies executive said on Wednesday. “LNG has continued to grow, with China being back in the market but not yet at the level of 2021,” Senior Vice President Asia Pacific Exploration & …
Global LNG Demand Seen Rising in 2024 From China, Europe – TotalEnergies Exec Says Read More »
Summary Russia to ban gasoline exports from March 1 PM Mishustin has approved the ban Gasoline prices are sensitive ahead of election MOSCOW, Feb 27 (Reuters) – Russia on Tuesday ordered a six-month ban on gasoline exports from March 1 to keep prices stable amid rising demand from consumers and farmers and to allow for …
Russia Bans Gasoline Exports for 6 Months From March 1 Read More »
Decision follows similar move in Sweden earlier this month Authorities had concluded ‘deliberate sabotage’ took place Denmark gave up on an investigation into the explosions that in 2022 ruptured the Nord Stream natural gas pipelines just outside its territorial waters, following a similar decision in neighboring Sweden earlier this month. Danish authorities concluded there was …
Denmark Drops Nord Stream Blast Probe Without Criminal Case Read More »
Goldman Sachs raised its summer 2024 Brent peak forecast by $2 a barrel to $87 as disruptions in the Red Sea contribute to modestly larger-than-expected draws in OECD commercial stocks, the bank said in a note dated Sunday. “OECD commercial stocks on land have drawn somewhat faster than expected as the redirection of flows away …
Goldman Sachs Lifts its Brent Summer Peak Forecast to $87 a Barrel Read More »
