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By Clyde Russell (Reuters) – Lower spot prices for liquefied natural gas (LNG) in Asia have yet to drive a significant boost in demand for the super-chilled fuel, although there is an increase in appetite from price-sensitive buyers such as India and China. Asia’s imports of LNG are estimated at 22.59 million metric tons for March …
Softer Spot LNG prices See Gemand Gain, Contrast With Contract Pain Read More »
(Reuters) – Methane emissions from the energy sector remained near a record high in 2023 despite a raft of commitments from the oil and gas industry to plug leaking infrastructure, a report by the International Energy Agency said on Wednesday. However, the agency said it was optimistic new satellites could help improve monitoring and transparency around leaks …
Methane Emissions from Energy Sector Near Record High in 2023, IEA Says Read More »
Summary API data shows drop in U.S. oil and fuel stocks, sources say Russian refineries attacked by Ukraine; Rosneft plant damaged OPEC remains upbeat on oil demand growth U.S. rate cut hopes have not been derailed by inflation data (Reuters) – Oil rose on Wednesday, supported by potential supply disruption after Ukrainian attacks on Russian …
Oil Rises on Russian Refinery Attacks, Signs of Strong Demand Read More »
(Reuters) – Oil producer group OPEC said on Wednesday it was encouraged by a commentary from the International Energy Agency (IEA) which underscores the importance of oil security, while the two remain far apart on the demand outlook. “While the world’s dependence on oil is lessening, it remains deep-rooted, so supply disruptions can still cause …
OPEC Says IEA Commentary on Oil Security Encouraging Read More »
Bloomberg News U.S. officials want to speed the adoption of zero-emission 18-wheelers and other trucks used to haul goods across the country. PHOTO BY USTIN SULLIVAN/GETTY IMAGES The Biden administration is rolling out its plan for deploying electric vehicle charging and hydrogen fuelling infrastructure on the nation’s freight corridors — part of a bid to decarbonize U.S. supply …
U.S. natural gas production will decline in 2024 while demand will rise to a record high, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Tuesday. EIA projected dry gas production will ease from a record 103.79 billion cubic feet per day (bcfd) in 2023 to 103.35 bcfd in …
US Natgas Output to Decline in 2024 While Demand Rises to Record High, EIA Says Read More »
The U.S. Energy Information Administration (EIA) on Tuesday raised its forecast for U.S. domestic oil growth in 2024 by 90,000 barrels, but lowered its forecast for global oil production growth due to production cuts from OPEC+. U.S. crude oil production will rise by 260,000 barrels per day (bpd) to 13.19 million bpd this year, the …
U.S. Raises Crude Production Growth Forecast for 2024 Read More »
Big metal tubes filled with flammable vapor aren’t an obvious element of the artificial intelligence vision. By Liam Denning Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column. The fervor for all things AI …
The AI Revolution Needs Chips, Software – and Gas Pipelines Read More »
Controversial project is due to be completed in second quarter Equitrans was spun out of EQT in 2018 after investor pressure US natural gas producer EQT Corp. agreed to buy back former unit Equitrans Midstream Corp. for about $5.5 billion in stock, the latest in a flurry of deals in the oil and gas pipeline industry. The transaction will …
EQT to Acquire Mountain Valley Pipeline Owner for $5.5 Billion Read More »
(Reuters Breakingviews) – Gas producer EQT’s old management weathered an activist investor outcry, squeaked through an expensive deal, and spun off its pipeline division – only to be ejected by the executives they bought out. Now, new management is putting the pieces back together, on Monday striking a merger with that spinoff, Equitrans Midstream. It’s a sign …
Anatomy of the Deal: A $35 Bln Gas Reunion Tracks a Topsy-Turvy Market Read More »
