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Summary US says talks in Qatar could reach Gaza ceasefire agreement Russia attacks Ukrainian energy infrastructure overnight Speculators raise U.S. crude oil net longs-CFTC US oil rig counts falls by one to 509 this week, Baker Hughes says (Reuters) – Oil prices slipped on Friday and were flat on the week as the possibility of …
Oil Prices Down on Gaza Ceasefire Talks, Flat on the Week Read More »
By Irina Slav More From Irina Slav “Any source of energy is intermittent, but renewables are perhaps the least intermittent, since they use the sun and wind. The crucial missing piece of renewables is the lack of infrastructure.” This profound revelation comes from the head of the International Renewable Energy Agency, Francesco La Camera, and should be …
COMMENTARY: Obscene Misinformation Continues to Come From the IEA – Irina Slav on Energy Read More »
Energy executives say they are looking past current ultra-cheap gas prices and betting on a coming wave of new liquefied natural gas (LNG) plants to lift demand – and prices – for the fuel. Natural gas prices have fallen by one-third this year, undercut by a warmer winter, outages at LNG facilities and higher-than-expected output. …
U.S. Gas Producers Shrug Off Low Prices, Bet on LNG Boom Read More »
U.S. energy firms this week cut the number of natural gas rigs operating to the lowest level since January 2022, energy services firm Baker Hughes said in its closely followed report on Friday. The combined oil and gas rig count, an early indicator of future output, fell by five to 624 in the week to …
U.S. Gas Rig Count Falls to Lowest Since January 2022 – Baker Hughes Read More »
Exxon Mobil is ahead of schedule with its plan to double the size of its liquefied natural gas (LNG) portfolio to 40 million tons per annum (mtpa) by 2030 and will focus on selling its own gas rather than trading that of third parties, the company’s LNG chief said on Thursday. Exxon is revamping its …
Exxon Ahead of Schedule on Doubling LNG Portfolio, Exec Says Read More »
U.S. natural gas futures eased about 1% to a three-week low on Thursday on forecasts for milder weather over the next two weeks than previously expected, ample gas in storage and expectations gas flows to liquefied natural gas (LNG) export plants would remain low through May due to outages at Freeport LNG’s plant in Texas. …
U.S. Natgas Prices Ease 1% to Three-Week Low on Mild Forecasts Read More »
(Reuters) – Pipeline operator Summit Midstream Partners said on Friday it would sell its Utica assets to a unit of midstream energy company MPLX LP for about $625 million in cash. The Marcellus and Utica shale, spread across Pennsylvania, West Virginia and Ohio, are among the regions where U.S. drillers have been cutting the number of gas …
Summit Midstream Partners to Sell Utica Assets to MPLX for $625 Mln Read More »
(Reuters) – A Ukrainian deputy prime minister said on Friday Russian oil refineries were legitimate targets for its forces, after a media report said the United States, a close ally, had asked Kyiv to stop conducting drone strikes on refineries. Ukraine dramatically stepped up its attacks on Russian energy facilities this month, launching numerous long-range drones to …
Ukraine Says Russian Oil Refineries Are Legitimate Targets Read More »
Global oil consumption is outpacing expectations this year Oil executives gathered in Houston confident on demand outlook The world is using more oil than ever and demand is outpacing expectations again this year, raising questions about how soon global consumption will peak. The unabated thirst for crude contributed to an increasingly confident tone from executives …
CERAWeek: Oil Demand Outpaces Expectations, Testing Calculus on Peak Crude Read More »
White House pause on new permits threw sector into disarray Ban will ‘annihilate critical jobs’: Texas attorney general Texas, Louisiana and more than a dozen other US states challenged the Biden administration’s suspension of new licenses to export natural gas via ocean-going tankers. A lawsuit filed against President Joe Biden and the US Department of Energy in Louisiana federal court on …
No Go Joe: Biden’s LNG-Permit Halt Challenged by 16 States in Lawsuit Read More »
