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(Reuters) – India wants oil producers group OPEC and its allies to raise oil output as there are countries such as India where fuel demand is rising, the nation’s oil secretary Pankaj Jain said on Thursday. The Organization of the Petroleum Exporting Countries (OPEC) and allies, together called OPEC+, last week agreed to delay a planned oil …
India Wants OPEC+ to Raise Oil Output, Oil Secretary Says Read More »
Summary Hurricane Francine makes landfall in Louisiana Nearly 39% of Gulf of Mexico oil production offline IEA’s 2024 oil demand growth forecast cut by 7.2% EIA data shows U.S. oil stockpiles rose last week Sept 12 (Reuters) – Oil prices rose almost 2% on Thursday, extending a rebound spurred by concern over Hurricane Francine’s impact …
Oil Prices Jump Nearly 2% on Fears Over Hurricane Impact on U.S. Output Read More »
About 39% of crude production and 49% of natural gas output in the U.S. Gulf of Mexico were shut on Wednesday as hurricane Francine barreled towards the Louisiana coast, the U.S. Bureau of Safety and Environmental Enforcement said. Francine was moving northeast on Wednesday with maximum sustained winds of 90 miles per hour (150 kph), …
Nearly Half of Gas Output at U.S. Gulf of Mexico Shut Due to Francine Read More »
U.S. natural gas futures climbed about 2% to an eight-week high on Wednesday as oil and gas producers continued to cut output before Hurricane Francine slams into the Louisiana coast later Wednesday. Front-month gas futures for October delivery on the New York Mercantile Exchange rose 4.9 cents, or 2.2%, to $2.281 per million British thermal …
U.S. oil stockpiles rose across the board last week as crude imports grew and exports dipped and as gasoline and distillate demand weakened, the Energy Information Administration (EIA) said on Wednesday. Crude inventories rose by 833,000 barrels to 419.1 million barrels in the week ending Sept. 6, the EIA said, compared with analysts’ expectations in …
U.S. Oil Stocks Build as Crude Imports Rise, Fuel Demand Weakens – EIA Read More »
Crown LNG also pursuing import projects in Scotland, India To-be-disclosed location in US would directly supply importers An upstart liquefied natural gas developer that first considered constructing import terminals in Scotland and India is now turning its sights to building out export capacity from the US Gulf Coast, joining a slew of projects vying to supply the world. Norwegian …
Norwegian Developer Eyes New LNG Export Project in US Gulf Read More »
(Reuters) – Trillions of dollars of bank finance to fossil fuel companies is being routed via opaque financial centres in several countries, including the Netherlands, research published on Wednesday showed. The study by Tax Justice Network, which campaigns against tax havens, highlights a lack of transparency in funding for energy companies. The study examined 60 …
Trillions of Dollars of Fossil Fuel Finance Routed via Tax Havens, Study Says Read More »
Sept 11 (Reuters) – Energy facilities along the U.S. Gulf Coast have scaled back operations and evacuated some production sites as Hurricane Francine passed through the region. Fancine strengthened into a hurricane on Tuesday night and is moving toward the Louisiana coast, the U.S. National Hurricane Center said. About 24% of crude production and 26% …
U.S. Gulf Coast Energy Facilities Hit by Hurricane Francine Read More »
(Reuters) – Global oil demand is set to grow to a bigger record this year while output growth will be smaller than prior forecasts, the U.S. Energy Information Administration (EIA) said on Tuesday. The widening supply deficit will increase withdrawals of oil from global stockpiles, pushing Brent crude prices back above $80 a barrel in …
US EIA Lifts Oil Demand Forecast, Says Prices Will Recover to Above $80/bbl Read More »
Global consumption will grow by 1 million barrels a day EIA expects market in deficit due to OPEC+ output cuts US oil demand growth is forecast to plateau this year, in the latest bearish indicator for the market, according to the Energy Information Administration. The agency sees US consumption holding steady at 20.3 million barrels a …
U.S. Oil Demand to Plateau in 2024, EIA Forecasts Read More »
