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(Reuters) – The CEOs of two Canadian oil and gas producers said on Tuesday they are seeking to avoid making rash decisions, as global oil prices hover around four-year lows and recession fears grow. Doug Bartole, CEO of Calgary-based InPlay Oil, said his company does not foresee reducing production or capital spending in the short …
Canadian Oil and Gas CEOs Avoiding ‘Rash’ Decisions During Price Rout Read More »
(Reuters) – Germany has looked to liquefied natural gas (LNG) imports to replace piped Russian gas since Moscow’s invasion of Ukraine in 2022. Its first move has been to deploy floating storage regasification units (FSRUs) to receive seaborne LNG, while longer term it plans shore-based regasification terminals and facilities to import and produce ammonia and …
(Reuters) – U.S. liquefied natural gas producer NextDecade said on Tuesday it had signed an agreement with a subsidiary of Saudi Aramco to supply the superchilled gas from its Rio Grande facility for 20 years. As part of the deal, the Aramco subsidiary will purchase 1.2 million tonnes per annum of LNG from Train 4 …
NextDecade Signs 20-Year Deal with Aramco to Supply LNG From Rio Grande Facility Read More »
Chinese buyers of LNG are re-selling U.S.-sourced cargoes as tit-for-tat tariffs drive up import costs, and the trend is set to accelerate as new multi-year supply deals kick in this month and domestic demand weakens, traders and analysts say. Beijing, which imposed 15% tariffs on U.S. LNG imports in early February, on Friday slapped reciprocal …
Chinese LNG Buyers Resell US Cargoes as Tariffs bite Read More »
Mexico has been speaking to private sector companies about increasing fracking to reduce its reliance on U.S. gas amid heightened trade tensions between the two countries, the Financial Times reported on Tuesday. Imports, which are almost entirely from the United States, meet 72% of the total demand for natural gas consumed in Mexico. Any policy …
Mexico Weighs Increasing Fracking to Reduce Reliance on US Gas, FT Reports Read More »
(Reuters) – Goldman Sachs forecast that Brent and WTI crude prices would be at $62 a barrel and $58 by December 2025 and at $55 and $51 by December 2026, respectively, under two assumptions. The bank, in a note dated April 7, said that the first assumption is the U.S. economy avoids a recession given …
Goldman Sachs Forecasts Brent, WTI Prices Under Different Scenarios Read More »
(Reuters) – U.S. President Donald Trump will sign executive orders on Tuesday aimed at boosting the nation’s coal industry, two sources familiar with the matter told Reuters. Trump, a Republican who campaigned on a promise to increase U.S. energy output and has sought to roll back energy and environmental regulations since taking office January 20, …
Trump to Sign Executive Orders to Boost Coal Industry Read More »
Summary • Benchmark Brent crude oil has neared four-year lows • Oil revenue made up 62% of state budget last year • Kingdom and sovereign fund need more debt, analysts say • Oil giant Aramco, long-time cash cow, slashing 2025 dividends DUBAI, April 8 (Reuters) – Saudi Arabia, with its wealth linked inextricably to oil …
How the Oil Price Plunge Complicates Saudi Arabia’s Economic Agenda Read More »
U.S. Energy Secretary Chris Wright on Wednesday will launch a nearly two-week tour of three Middle East countries, including Saudi Arabia, marking his first visit as a U.S. official to the de facto leader of the OPEC oil producer group, a source familiar with the matter told Reuters. The trip, which will also include visits …
US Energy Chief Chris Wright Heads to Middle East for Nearly Two weeks Read More »
By David Wethe A top executive at Diamondback Energy Inc. called on President Donald Trump’s administration to explain how the global trade war will help shale producers, a rare instance of public pushback from a US oil boss. “This administration better have a plan @SecretaryWright,” Kaes Van’t Hof, president of Diamondback, said April 6 in …
Oil Boss Says Trump Administration Better Have a Plan Amid Rout Read More »
