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Citigroup cuts price target on U.S.-based oil and gas companies as challenges for the energy sector carry over into 2025 Brokerage sees no scope for OPEC+ to reverse production cuts in 2025, leaving an est. 8 mln barrels per day (mbpd) of global oil market capacity on the sidelines Says “while we expect OPEC+ to …
Citigroup Sees Energy Challenges Persisting in 2025, Cuts PT on US Oil Firms Read More »
The global supply of new liquefied natural gas could take longer to come on stream than expected by the International Energy Agency, with predictions differing by a year or more, Norway’s Equinor said on Tuesday. The IEA expects a wave of LNG to come to market in late 2025 or into 2026 as projects are …
New LNG Supply to be Limited in the Next Two Years, Equinor Says Read More »
Goldman Sachs expects no near-term impact on global gas supplies due to the potential approval for proposed U.S. liquefaction projects, as they would need government clearance as well as long-term contracts to go ahead, it said in a note on Monday. President-elect Donald Trump’s team plans to roll out an energy package within days of …
Trump Nod for LNG Projects Could Boost Supply Only from 2027, Goldman Says Read More »
Summary Adani Green at centre of U.S. indictment of billionaire founder Adani aims to develop world’s biggest renewables park Partner TotalEnergies not to invest more in Adani for now Adani Green targets 50GW production by 2030 NEW DELHI, Nov 26 (Reuters) – Betting big on the clean energy goals of Indian Prime Minister Narendra Modi, …
Adani’s ‘Renewable Energy Marvel’ trapped in US Bribery Indictment Read More »
(Reuters) – The supply of oil and gas will be plentiful, with oil markets being “comfortable” this year and next unless major geopolitical escalation happens, the head of the International Energy Agency (IEA) Fatih Birol told a conference in Norway on Tuesday. Global oil supply will exceed demand in 2025 even if OPEC+ cuts remain …
IEA chief Birol Sees ‘Comfortable’ Oil Markets, Unless Geopolitical Shock 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 »
U.S. oil and gas producers are unlikely to radically increase production under president-elect Donald Trump as companies remain focused on capital discipline, a senior executive at Exxon Mobil said on Tuesday. “We’re not going to see anybody in ‘drill, baby, drill’ mode,” Liam Mallon, head of Exxon’s upstream division, told the Energy Intelligence Forum conference in …
(Reuters) – All three liquefaction trains at Freeport LNG’s export plant in Texas were expected to be back in service on Monday, according to preliminary data from financial firm LSEG. Freeport told environmental regulators that liquefaction Train 2 tripped while operating around midday on Nov. 22 due to an issue with a compressor system, resulting …
All 3 Trains at Freeport LNG Plant in Texas Seen Back on Monday, LSEG Data Shows Read More »
(Reuters) – Oil prices fell more than 2% on Monday after multiple reports that Israel and Lebanon had agreed to the terms of a deal to end the Israel-Hezbollah conflict, citing unnamed senior U.S. officials. Brent crude futures were down 2.45%, or $1.84, at $73.34 a barrel by 11:17 a.m. CST (1717 GMT), while U.S. …
Oil Falls More Than 2% on Possible Middle East Peace Deal Read More »
Texas Pacific Land Corp.’s value has soared as Big Tech plows cash into sprawling US data centers A Texas land company founded during the Wild West era more than a century ago is becoming an unlikely beneficiary of market euphoria over artificial intelligence. Dallas-based Texas Pacific Land Corp., which employs 100 people, has seen its …
AI Boom Propels a Wild-West-Era Texas Landowner to 230% Stock Rally Read More »
