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Bloomberg Qatar’s energy minister yesterday shared a stage with the bosses of Exxon Mobil Corp. and TotalEnergies SE — the second time in three weeks he’d joined Big Oil to discuss the green transition. But the main takeaway from the forum in Doha? Gas is here to stay. The outlook of the two supermajors and …
Big Bets on Gas Demand Show Fuel Is Far From Fading Read More »
U.S. natural gas futures eased about 1% on Tuesday from a 15-week high in the prior session on forecasts for lower demand over the next two weeks than previously expected and worries about a big oversupply of gas in storage. Analysts forecast the amount of gas in storage was around 31% above normal levels for …
U.S. Natgas Prices Ease on Lower Demand Forecast, Storage Oversupply Read More »
The April meeting with the JPMorgan CEO took place in New York Banks are being examined for their stance on oil and gas JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon met with Texas Attorney General Ken Paxton as the Republican official threatens to bar more banks from helping the state and its local governments sell bonds to raise …
JPMorgan Chase & Co. CEO Met With Texas AG as State Bans Banks Over ESG Policies Read More »
U.S. natural gas futures were little changed on Monday as forecasts for more demand next week than previously expected offset a rise in output over the weekend. Other factors also kept prices in check, including a bullish increase in the amount of gas flowing to liquefied natural gas (LNG) export plants with the return to …
US Natgas Prices Little Changed as Rising Demand Offsets Higher Output Read More »
Equinor now plays an outsized role in the ups and downs of the continent’s gas prices When the world’s top gas traders met in late April at a canal-side hotel on the outskirts of Amsterdam, the atmosphere was business-as-usual: coffee, croissants and wrangling over deals for the upcoming winter. Then came news of a leak …
Europe’s Gas Supply Once Again Hinges on One Company Read More »
Natural gas flowing to Freeport LNG’s export plant in Texas was on track to hit a 16-week high on Thursday, LSEG data showed, in what energy traders said was a sign it could return to full power soon. The startup and shutdown of Freeport and other U.S. liquefied natural gas (LNG) export plants often has …
U.S. Natgas Flows to Freeport LNG in Texas Seen at 16-week High, LSEG Data Shows Read More »
Australia’s resources minister said on Thursday she backs the long-term exploration of potential natural gas projects, setting up a potential clash with opposition lawmakers and some in the incumbent Labor Party that oppose its use. Australia, one of the world’s largest producers of liquefied natural gas (LNG), is committed to reducing its emissions to net …
Australia Backs Long-Term Gas Exploration Despite 2050 Climate Goals Read More »
U.S. gas inventories are near record highs for this time of year after exceptionally mild temperatures linked to the El Nino weather phenomenon slashed gas and electricity consumption for heating during the winter of 2023/24. But ultra-low prices are maximising gas combustion by power generators and forcing producers to cut back drilling, which should ensure …
U.S. Gas Surplus will be Eliminated Before End of Winter 2024/25: John Kemp Read More »
Germany prepares for gas grids and boilers to become redundant Other European countries are still investing in gas networks For the past four years, the Bavarian city of Augsburg has been warning homeowners that gas supplies could be switched off by 2030 as fossil fuels are phased out. It’s a blunt message on the potentially …
Europe Braces for Billions in Writedowns at Stranded Gas Assets Read More »
Canada’s Woodland Cree First Nation has rejected oil and gas producer Obsidian Energy’s proposal to expand drilling operations on its traditional territory, the Indigenous community said in a statement on Monday. WHY IT’S IMPORTANT The formal notice that Woodland Cree’s chief and council have rejected Obsidian’s drilling plans mark a further breakdown in relations, after …
Canadian First Nation Rejects Obsidian Energy Drilling Expansion Plans Read More »
