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Summary Blinken arrives in Israel in US push for peace Worries over slowing Chinese demand growth weigh on prices Firm dollar adds to the pressure (Reuters) – Oil prices steadied near $74 a barrel on Tuesday as the top U.S. diplomat renewed efforts to push for a ceasefire in the Middle East and as slowing …
Oil Prices Steady on Mideast Ceasefire Push, China Demand Weighs Read More »
Summary Refiners may need to mix lighter WTI Midland with heavier crude Alternatively, refiners could convert units, requiring large investments Dated Brent benchmark may weaken up to 50 cents per barrel (Reuters) – Companies drilling for the crude that turned the U.S. into the world’s top oil producer face an unexpected dilemma: their West Texas …
As U.S. Permian Crude Turns Lighter, It Risks Losing Favor with Refiners Read More »
Australia’s top energy firm Woodside Energy sees an opportunity to beef up LNG sales to Japan, including supply from the United States, where the company just bought Tellurian and its LNG export project, CEO Meg O’Neill said on Monday. With this new position in the U.S., Woodside will be able to “offer our Japanese buyers …
Australia’s Woodside Says It’s Open to Supplying LNG to Japan From US Read More »
Summary Court gets an earful from firms opposing proposed bid Heated opposition to negotiating exclusivity, breakup fee offer Final recommendation on sale could be stalled until January HOUSTON, Oct 21 (Reuters) – Key terms of a proposed court agreement with a U.S. hedge fund seeking to gain control of oil refiner Citgo Petroleum from Venezuela …
Citgo Auction Creditors Assail Elliott Bid, Seek Rival Offers Read More »
Summary Qatar facing increasing competition from US, UAE Competitors offer flexible terms, cheaper prices Talks with Japan, South Korea buyers stalled Destination clause, terms of contracts among key disagreements Japan long term LNG outlook remains uncertain Oct 21 (Reuters) – Qatar is finding it hard to agree new deals to supply liquefied natural gas (LNG) …
Qatar LNG Sales to Key Asian Markets Confronted by US, UAE Rivalry Read More »
CALGARY — Nearly six months after its opening, the Trans Mountain pipeline expansion is boosting Canada’s energy sector as promised — but questions still linger about who will pay for the project’s massive cost overruns. By a variety of measures, the expensive and contentious pipeline project is bearing fruit as more Canadian oil reaches the …
(Reuters) – Oil prices rose on Monday, recouping some of last week’s more than 7% decline on worries about demand in China, the world’s top oil importer, and easing concerns about potential supply disruptions in the Middle East. Brent crude futures were up $1.16, or 1.6%, to $74.22 a barrel at 1036 GMT. U.S. West …
Oil Prices Regain Some Ground After 7% Loss Last Week Read More »
Crude prices have fallen even as US announces more sanctions Yellen says latest steps could be ‘prelude’ to more action A week ago, the US government imposed yet more sanctions on Iran’s oil trade. Crude prices have sagged more than $5 a barrel since. The decline was largely driven by indications that Israel is going to avoid …
Oil Prices Show How Numb Traders Have Become to U.S. Sanctions Read More »
U.S. energy firms this week cut the number of oil and natural gas rigs operating for the fourth time in five weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by one to 585 in the week …
U.S. Drillers Cut Oil and Gas Rigs for Fourth Time in Five Weeks – Baker Hughes Read More »
A new pipeline carrying shale natural gas from west Texas toward export hubs on the U.S. Gulf Coast has eased constraints that crashed local prices this year, and will help pave the way for higher U.S. oil production, energy executives said. Pipeline companies largely quit adding new capacity following the pandemic, when shale production dried …
Texas Natural-Gas Pipeline Eases Bottlenecks, Paves Way for Higher Shale Output Read More »
