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Summary Slower demand, rising output beyond the group swells supply Global oil prices rangebound between $70 and $80/barrel OPEC+ to decide on planned UAE production increase from January (Reuters) – OPEC+ is likely at its meeting on Thursday to extend its latest round of oil output cuts until the end of the first quarter, four …
OPEC+ Likely to Prolong Oil Cuts for Q1, Sources Say Read More »
Dec 3 (Reuters) – Oil prices climbed nearly 1% on Tuesday, as investors hone in on the outcome of an OPEC+ meeting later this week. Brent crude futures rose 76 cents, or 1.06%, to $72.59 a barrel by 1131 GMT, while U.S. West Texas Intermediate crude climbed 75 cents, or 1.1%, to $68.85. OPEC+ is …
By Curtis Williams Most exported to Europe at higher prices Production could go even higher in December UK was major player in the market HOUSTON, Dec 2 (Reuters) – U.S. LNG exports to Europe surged in November as the world’s largest producer of the superchilled gas sent more cargoes to the continent and fewer to …
US LNG Exports to Europe Surge in November on Higher Prices Read More »
Deal enables EQT to pay down a term loan and credit facility It will give Blackstone stakes in Mid-Atlantic gas pipelines Funds managed by Blackstone Inc. agreed $3.5 billion of investment as part of a new joint venture with EQT Corp., enabling the US natural gas producer to reduce its debt. The deal will give the private equity …
Blackstone, EQT Form $3.5 Billion Gas Pipeline Venture Read More »
Summary Israel and Hezbollah close to ceasefire deal OPEC+ could leave output cuts in place from Jan. 1 Trump says he will impose 25% tariff on Canadian, Mexican goods President-elect plans to increase U.S. oil drilling (Reuters) – Oil prices rose on Tuesday after falling more than $2 a barrel in the previous session as …
Oil Rises After Selloff on Possible Middle East Ceasefire Read More »
Summary Russia will keep testing hypersonic missile in combat US imposes new sanctions on Moscow China crude oil imports set to rebound in November Nov 22 (Reuters) – Oil prices climbed about 1% on Friday, settling at a two-week high, as the intensifying war in Ukraine this week boosted the market’s geopolitical risk premium. Brent …
Oil Prices Settle up 1% (6% for the Week) at 2-Week High as Ukraine War Intensifies Read More »
(Reuters) – Oil prices held steady on Friday, on track for a weekly rise of 5%, as the Ukraine war intensified and Chinese imports were set to increase in November. Brent crude futures climbed 33 cents, or 0.44%, to $74.56 a barrel by 1008 GMT. U.S. West Texas Intermediate crude futures rose 27 cents, or …
Oil Heads for Weekly Gains as Ukraine War Intensifies Read More »
Summary US gas output to fall in 2024 for first time since 2020 US spot gas prices to rise over 40% in 2025 from 2024 levels US LNG exports to jump 14% in 2025 over levels in 2024 (Reuters) – U.S. natural gas producers will boost output in 2025 following a series of production cuts …
U.S. Natural Gas Drillers to Lift 2025 Output, Reversing Year of Cuts Read More »
(Reuters) – Oil was broadly stable on Wednesday as concerns about escalating hostilities in the Ukraine war potentially disrupting oil supply from Russia offset data showing rising U.S. crude stocks. Brent crude futures for January were up 22 cents, or 0.3%, to $73.53 a barrel at 1026 GMT. U.S. West Texas Intermediate crude futures for …
Oil Little Changed as Market Weighs Mixed Drivers Read More »
Summary Johan Sverdrup field partially resumes output Biden allows Ukraine to use U.S. weapons to strike into Russia U.S. crude slips into contango, suggesting easing supply tightness (Reuters) – Oil slipped on Tuesday pressured by the restart of production at Norway’s Johan Sverdrup oilfield, although investor caution arising from fears of an escalation in the Russia-Ukraine war …
Oil Slips on Sverdrup Field Restart, Geopolitical Fears Support Read More »
