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U.S. Will Continue to ‘Tighten the Screws’ on Russia LNG Flows

Senior energy official says that the policy on gas is working Geoffrey Pyatt says he couldn’t speculate on future sanctions Bloomberg News The US will continue to “tighten the screws” on Russian liquefied natural gas exports to deprive Moscow of funds for its war in Ukraine, according to a senior State Department energy official. “Our …

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Cuba Power Grid: How it Collapsed and What Comes Next

(Reuters) – Cuba’s national grid collapsed on last Friday, leaving the entire population of 10 million people without electricity and underscoring the precarious state of the Communist-run country’s infrastructure and economy. Restoration of service is under way but long-term challenges will remain. WHY DID THE GRID COLLAPSE? Cuba’s electrical grid and oil-fired power plants are …

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Cheniere Energy Expects China Gas Demand to Rise More Than 50% by 2040

Oct 22 (Reuters) – Cheniere Energy  expects China gas demand to grow to more than 600 billion cubic meters (bcm) by 2040 from 400 bcm today, a company executive said at the Asia Gas Markets conference on Tuesday. “There’s no doubt that gas demand growth in China, in absolute terms, is substantially driven by energy …

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Oil Prices Steady on Mideast Ceasefire Push, China Demand Weighs

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 …

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As U.S. Permian Crude Turns Lighter, It Risks Losing Favor with Refiners

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 …

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U.S. Appeals Court Likely to Reject Challenge to Alaska LNG Exports

A U.S. appeals court on Monday appeared likely to reject a challenge by environmental groups to the Biden administration’s decision to approve exports from a planned $39 billion liquefied natural gas project in Alaska. Two members of a three-judge panel of the U.S. Court of Appeals for the District of Columbia Circuit posed skeptical questions …

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E&P Highlights: Oct. 21, 2024

Here’s a roundup of the latest E&P headlines, with a large contract announced offshore Gulf of Mexico and strategic partnerships aimed at optimizing oilfield production.