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The disruption in the Red Sea has pushed the amount of crude in transit to a six-month high. Oil analysts and executives from across the industry are starting to sound more upbeat than they have for a while at International Energy Week in London. Speakers at events taking place around the main conference painted a picture of …
Oil Producers May Not Share Analysts’ Views of a Tighter Market Read More »
PCE price index expected to be released at 1330 GMT U.S. crude stockpiles build for fifth straight week Market eyes potential extension to OPEC+ supply cuts LONDON, Feb 29 (Reuters) – Oil prices were little changed Thursday as investors kept their powder dry ahead of U.S. data expected to offer further clues on the outlook …
Oil Prices Steady as Market Awaits Interest Rate Cues Read More »
Summary OPEC+ expected to make a decision in March on output cuts Spare capacity at multi-year highs- analyst For table of crude price forecasts, click Feb 29 (Reuters) – Analysts were less bullish on oil in February for a fourth straight month, with ample supplies seen holding prices near $80 a barrel this year as …
Oil Prices Expected to Remain Tethered Near $80 a Barrel Read More »
U.S. natural gas futures gained more than 2% on Wednesday, rebounding from a four-year low hit in the previous session, helped by forecasts for slightly cooler weather leading to increased demand for gas for heating. Front-month gas futures for April delivery traded 3.4% higher to $1.87 per million British thermal units. Prices dropped to as …
U.S. Natgas Rises Over 2%, Helped by Cooler Weather Forecasts Read More »
Summary Federal Reserve appears in no rush to cut interest rates U.S. crude inventories rise OPEC+ to consider extending supply curbs (Reuters) – Oil prices pulled back on Wednesday as the prospect of delays to U.S. interest rate cuts and a jump in U.S. crude stocks that trounced expectations offset a boost from a potential …
Oil Falls on Fed Rate Cut Caution and Stocks Build 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 »
Are we heading toward an all-renewable energy future, spearheaded by wind and solar? Or are those energy sources wholly inadequate for the task? Mark Mills, Senior Fellow at the Manhattan Institute and author of The Cloud Revolution, compares the energy dream to the energy reality.
An ongoing consolidation in the U.S. shale industry has driven up global M&A deal value in the oil and gas exploration sector to its highest first-quarter level in seven years, industry experts said. Deals worth more than $55 billion have been announced in the first two months of 2024, according to analytics firm Enverus, as …
Oil and Gas Upstream M&A Deal Value Hits Highest Q1 Levels Since 2017 Read More »
An ongoing consolidation in the U.S. shale industry has driven up global M&A deal value in the oil and gas exploration sector to its highest first-quarter level in seven years, industry experts said. Deals worth more than $55 billion have been announced in the first two months of 2024, according to analytics firm Enverus, as …
Oil and Gas Upstream M&A Deal Value Hits Highest Q1 Levels Since 2017 Read More »
