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(Reuters) – Commodities pricing agency Platts said on Monday its addition of U.S. WTI Midland crude into the global Brent oil benchmark has gone well, and it won’t be necessary to add any further crudes for the time being. Platts, part of S&P Global Commodity Insights, added Midland to its dated Brent price assessment in …
Platts Says Adding Midland to Brent Has Gone Well, No Need for More Read More »
Producer is planning major capacity expansion by end of decade Nation is looking to secure more deals in Asia and Europe LNG exports are Qatar’s biggest revenue earner. Qatar is seeking more gas deals in Europe and Asia in a bet demand will continue to grow as it embarks on a new multibillion-dollar project to …
Qatar Has Eyes on More Long-Term Deals as It Bets Big on LNG 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 »
As the world’s top global energy trading houses prepare for their biggest annual industry get-together this week in London they face a growing problem, what to do with their cash. Most trading houses, which are privately owned and controlled by their employees, disclose little about their cash position, equity or dividends. But according to more …
Producer will develop new 16 mtpa expansion before end-decade Country expects demand for gas to keep increasing: minister Qatar plans to expand exports of liquefied natural gas amid rising demand and a pause on growth projects in the US, a key rival supplier. The nation, which vies with the US and Australia as the biggest …
Qatar to Build New LNG Project as U.S. Stalls on Export Push Read More »
U.S. energy giant ExxonMobil Corp is weighing offers for its oil and gas assets in Argentina’s Vaca Muerta shale region, a source familiar with the plan said on Friday, adding there was no time frame for a decision and the sale may not move forward. The comments come after Bloomberg earlier reported that ExxonMobil was …
ExxonMobil Weighs Offers for Argentina Shale Assets – Source Read More »
Courtesy of Interesting Engineering Not since Michael Scott said Webster’s defined a wedding as “the fusing of two hot metals with a hot torch” has welding been so exciting. What happened: The world of nuclear power is abuzz with excitement as UK-based Sheffield Forgemasters achieves a remarkable milestone: the welding of a full-size nuclear reactor vessel in just under 24 …
Construction Shifts into High Gear on SMRs – ENERGYminute Read More »
Bloomberg News After spiraling downward for months, futures have steadied on weaker production prospects. After spiraling downward for months, the US natural gas market has finally found a floor. Prices for the fuel had their biggest single-day gain in more than 18 months Wednesday after one of the largest domestic producers, Chesapeake Energy Corp., said it was slashing its …
Natural Gas Prices Finally Find a Floor in the U.S. Read More »
Bloomberg News Canada’s oil producers are poised to pour about half a million barrels of new daily output — more than the total production of some Organization of Petroleum Exporting Countries (OPEC) members — into world markets over the next year or sp. And while the deluge of new crude will be a boon to …
Canada’s Oil Boom Threatens to Bring Back Pipeline Shortages Read More »
Bloomberg News Canada’s oil producers are poised to pour about half a million barrels of new daily output — more than the total production of some Organization of Petroleum Exporting Countries (OPEC) members — into world markets over the next year or sp. And while the deluge of new crude will be a boon to …
Canada’s Oil Boom Threatens to Bring Back Pipeline Shortages Read More »
