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(Reuters) – Asian spot liquefied natural gas prices rose this week on stronger demand amid high temperatures in north and south China, pushing European buyers to bid at relatively narrow discounts to attract sellers. The average LNG price for June delivery into north-east Asia rose to $10.50 per million British thermal units (mmBtu), from $10.40/mmBtu …
Asian Spot LNG Prices Rise on signs of Stronger Demand Read More »
(Reuters) – OPEC will stop publishing a calculation of the world’s demand for its own crude in its monthly oil report, two sources close to the matter said, focusing instead on forecasts for demand for oil from the wider OPEC+ group. The change reflects what has become long-standing cooperation between the members of the Organization …
OPEC Switches to ‘Call on OPEC+’ in Global Oil Demand Outlook Read More »
LONDON, May 10 (Reuters) – Global benchmark Brent hovered above $84 a barrel on Friday after data this week signalled growing demand in the U.S. and China, the world’s two largest crude users, while festering conflict in the Middle East added support. Brent futures were up 50 cents to $84.38 a barrel at 1130 GMT. …
Oil Benchmark Brent Above $84 on Perky Demand Signals, MidEast Conflict Read More »
The Panama Canal is in talks with U.S. liquefied natural gas (LNG) producers on how to meet increased demand for crossings as water levels recover after a prolonged drought, the canal’s administrator Ricaurte Vasquez told Reuters in an interview. The canal is typically used by U.S. Gulf Coast exporters to send LNG cargoes to Asia …
Panama Canal in Talks with U.S. LNG Producers to Increase Transit Read More »
Republican presidential candidate Donald Trump vowed to reverse dozens of the Biden administration’s environmental rules and policies at a meeting with top U.S. oil executives, where he also asked them to raise $1 billion for his presidential campaign, the Washington Post reported on Thursday. The Post, citing unidentified sources familiar with the meeting last month …
Trump Vows to Target EVs, LNG Exports in Meeting With Oil CEOs Read More »
Natural gas flowing to Freeport LNG’s export plant in Texas was on track to hit a 16-week high on Thursday, LSEG data showed, in what energy traders said was a sign it could return to full power soon. The startup and shutdown of Freeport and other U.S. liquefied natural gas (LNG) export plants often has …
U.S. Natgas Flows to Freeport LNG in Texas Seen at 16-week High, LSEG Data Shows Read More »
Oil’s Fragile Outlook Spells Weaker Prices in 2025 Demand growth is set to cool and will be more than satisfied by a surge in supply. Bloomberg The emerging outlook for global oil markets next year suggests prices are set to come under pressure. In the past few weeks, forecasters such as the International Energy Agency have rolled out initial …
Oil’s Fragile Outlook Spells Weaker Prices in 2025 Read More »
(Reuters) – As Canada’s oil industry celebrates the start of the Trans Mountain pipeline expansion (TMX), some company executives and analysts are already warning that long-term production growth plans will depend on new takeaway capacity becoming available. TMX, which started commercial operations last week after years of delays, will ship an extra 590,0000 barrels per day (bpd) of …
Canada’s Pipeline Squeeze Set to Return Despite Trans Mountain Start-Pp Read More »
Summary U.S. crude stockpiles fall, products post surprise build, EIA says China April oil imports rise 5.45% from a year ago (Reuters) – Oil prices rose on Thursday as falling U.S. crude inventories amid rising refinery intake and a rise in Chinese imports last month supported higher demand expectations for the world’s two largest crude …
Oil Rises on U.S. Crude Storage Draw, China Imports Up Read More »
Australia’s resources minister said on Thursday she backs the long-term exploration of potential natural gas projects, setting up a potential clash with opposition lawmakers and some in the incumbent Labor Party that oppose its use. Australia, one of the world’s largest producers of liquefied natural gas (LNG), is committed to reducing its emissions to net …
Australia Backs Long-Term Gas Exploration Despite 2050 Climate Goals Read More »
