Summary Brent, WTI down 2% on the week Market braces for another OPEC+ output hike in July Iranian nuclear deal talks in focus, fifth round on Friday (Reuters) – Oil prices dropped for a fourth consecutive session on Friday and were set for their first weekly decline in three weeks, weighed down by rising expectations …
Oil Heads for First Weekly Loss Since April on OPEC+ Supply Hike Expectations Read More »
Summary Venture Global could top Cheniere to become largest US LNG company Producing at higher rates than initially expected Plans to sell additional volumes on long-term contracts (Reuters) – Venture Global is poised to become the largest U.S. liquefied natural gas company by next year if it proceeds with its CP2 project in Louisiana and …
Venture Global on Track to Become Top US LNG Company if CP2 Project Approved Read More »
U.S. crude oil storage demand has surged in recent weeks to levels similar to the COVID-19 pandemic, according to data from storage broker The Tank Tiger, as traders brace for a flood of increased supply in coming months from the Organization of the Petroleum Exporting Countries and its allies. This month, OPEC+ agreed to accelerate …
US Crude Oil Storage Demand Surges as Traders Brace for OPEC+ Price War Read More »
A report by TD Cowen analysts shows that between fourth-quarter 2024 and first-quarter 2025, gas fired capacity generation awards reached their highest point since March 2001.
Turkish Petroleum Corp. has discovered 75 Bcm of natural gas reserves in the Black Sea.
The plant, near Sevilla, Spain, consists of five solar projects with a total installed capacity of 263 megawatts.
Oklahoma’s finest Woodford Shale developers are applying their learnings to the Permian Basin, where exploration of the deep bench is in its earliest innings.
(Reuters) – A European official said the United States was “not convinced” about lowering the Group of Seven nations (G7) price cap on Russian crude oil. The EU proposed revising the cap down to an indicative level of $50 a barrel from the current $60 a barrel. During the G7 finance ministers meeting, the official …
US ‘Not Convinced’ About Lowering G7 Oil Price Cap, European Official Says Read More »
(Reuters) – Italy fully supports European Union efforts to stop Russian gas imports into the bloc by 2027, the country’s energy minister told reporters on Thursday, adding any decisions by Rome to boost LNG imports from the U.S. were up to private buyers. Italy last year imported a small quantity of Russian gas which was …
Italy Fully Supports EU Efforts to Stop Russian Gas Imports by 2027 Read More »
(Reuters) – Bond vigilantes continued to stalk global debt markets on Thursday, also keeping the dollar and stocks subdued, as the U.S. House of Representatives passed President Donald Trump’s “big beautiful” tax bill by a single vote. Wall Street looked set to open fractionally higher having tumbled on Wednesday after the previous day’s limp U.S. …
Bond Selloff Rolls on as US House Passes Trump’s ‘Big Beautiful’ Tax Bill Read More »
