(Reuters) – The European Commission will announce a more detailed strategy to phase out Russian oil and gas imports next month, it said on Monday, after twice delaying the plan. The EU has pledged to quit Russian fossil fuels by 2027 in response to Moscow’s 2022 invasion of Ukraine, but the Commission has delayed publishing …
EU Plan to End Russian Oil and Gas Imports Due Out in May Read More »
By Liz Hampton (Reuters) – Hello Power Up readers! Oil futures are back up to start the week on some U.S. tariff exclusions, and after Chinese data showed a sharp rebound in crude imports during March. U.S. President Donald Trump on Friday granted exclusion from levies on smartphones, computers and some other electronics from China. …
(Reuters) – Energy Transfer, the pipeline company developing a liquefied natural gas (LNG) export facility in Louisiana, is asking federal regulators to extend the deadline by three years for construction of its plant. Energy Transfer’s Lake Charles project is expected to benefit from President Donald Trump’s attempt to unleash American energy by supporting oil, gas …
Energy Transfer Requests More Time to Build Lake Charles LNG Plant Read More »
Stratas Advisors expect that oil prices will trend upward, in part, because the Trump Administration recently announced exemptions to tariffs for some electronic goods from China.
South Bow plans to restart the Keystone pipeline by Tuesday, April 15, the company said on Saturday, after it shut the key conduit for the flow of Canadian oil to the U.S. due to an oil spill in North Dakota. South Bow still needs written approval from the U.S. Pipeline and Hazardous Materials Safety Administration …
South Bow Plans to Restart Keystone at Reduced Rates by Tuesday Read More »
U.S. liquefied natural gas (LNG) producer NextDecade said on Monday it has signed a 20-year deal to supply France’s TotalEnergies with 1.5 million tonnes per annum (MTPA) from its Rio Grande facility’s planned fourth liquefaction facility, or train. NextDecade has so far contracted a total of 4.6 MTPA of LNG from Train 4 on a …
NextDecade Strikes LNG Supply Deal with TotalEnergies for 1.5 Million Tonnes Annually Read More »
TC Energy said late last week it had completed repairs to a section of the ANR Pipeline system shut down near Fennville, Michigan, because of a leak, causing a natural gas outage in the region. “Natural gas service has now been restored to Michigan Gas Utilities, the local distribution company,” the company said in a statement …
TC Energy Completes Pipeline Repairs in Michigan Following Gas Leak Read More »
Sufficient commercial agreements in place to support a positive Final Investment Decision on Train 4 HOUSTON–(BUSINESS WIRE)–NextDecade Corporation (NextDecade or the Company) (NASDAQ: NEXT) announced today that TotalEnergies (Total) (NYSE: TTE) has exercised its LNG purchase option with respect to Train 4 at the Rio Grande LNG Facility, and subsidiaries of both companies have executed a long-term …
Goldman Sachs expects oil prices to decline through the end of this year and next year because of the rising risk of a recession and higher supply from the OPEC+ group. The bank expects Brent and WTI oil prices to edge down, averaging $63 and $59 a barrel, respectively, for the remainder of 2025, and …
Goldman Sachs Expects Oil Prices to Decline Through 2026 Read More »
Summary • Cuts 2025, 2026 demand growth forecasts by 150,000 bpd each • First cut in 2025 forecast since December, OPEC data shows Kazakhstan further boosts production in March (Reuters) – OPEC cut its 2025 global oil demand growth forecast on Monday for the first time since December, citing the impact of data received for …
OPEC Cuts Global Oil Demand Growth Forecasts, Citing US Tariffs Read More »
