By Deep Kaushik Vakil LONDON, Feb 26 – The United States has taken the top spot as Europe’s supplier of crude oil, diesel, and liquefied natural gas (LNG) in recent months, capitalising on reduced imports from east of Suez caused by shipping disruptions in the Red Sea. “The U.S. is in top position on basically …
U.S. Takes Lead as Top Supplier to Europe for Crude, Diesel and LNG Read More »
U.S. natural gas futures gained more than 6% on Monday, ahead of the expiration of the March contract, in a technical rebound following a sharp retreat in the last two sessions. Front-month gas futures were down 7.5% or 12.9 cents to settle at $1.603 per million British thermal units. The March contract is set to …
U.S. Natgas Futures Rebound Ahead of March Contract Expiry Read More »
Commentary By John Kemp LONDON, Feb 26 (Reuters) – Portfolio investors have become extremely bearish about the outlook for U.S. gas prices, even though prices have already fallen to their lowest level in real terms since futures began trading in 1990. Hedge funds and other money managers sold the equivalent of 399 billion cubic feet …
(Reuters) – Commodities pricing agency Platts said on Monday its addition of U.S. WTI Midland crude into the global Brent oil benchmark has gone well, and it won’t be necessary to add any further crudes for the time being. Platts, part of S&P Global Commodity Insights, added Midland to its dated Brent price assessment in …
Platts Says Adding Midland to Brent Has Gone Well, No Need for More Read More »
Decision follows similar move in Sweden earlier this month Authorities had concluded ‘deliberate sabotage’ took place Denmark gave up on an investigation into the explosions that in 2022 ruptured the Nord Stream natural gas pipelines just outside its territorial waters, following a similar decision in neighboring Sweden earlier this month. Danish authorities concluded there was …
Denmark Drops Nord Stream Blast Probe Without Criminal Case Read More »
Producer is planning major capacity expansion by end of decade Nation is looking to secure more deals in Asia and Europe LNG exports are Qatar’s biggest revenue earner. Qatar is seeking more gas deals in Europe and Asia in a bet demand will continue to grow as it embarks on a new multibillion-dollar project to …
Qatar Has Eyes on More Long-Term Deals as It Bets Big on LNG Read More »
Goldman Sachs raised its summer 2024 Brent peak forecast by $2 a barrel to $87 as disruptions in the Red Sea contribute to modestly larger-than-expected draws in OECD commercial stocks, the bank said in a note dated Sunday. “OECD commercial stocks on land have drawn somewhat faster than expected as the redirection of flows away …
Goldman Sachs Lifts its Brent Summer Peak Forecast to $87 a Barrel Read More »
After several years of recovery, a recent forecast from Baker Hughes predicted a single digit slow down for 2024 in Oil Field Services spending in North America. OFS companies will likely face increasing price pressures which will place even more focus on operational efficiency to drive return on assets. Equipment maintenance is a critical component …
How Digital Post Job Inspections Can Reduce Repair Costs Read More »
As the world’s top global energy trading houses prepare for their biggest annual industry get-together this week in London they face a growing problem, what to do with their cash. Most trading houses, which are privately owned and controlled by their employees, disclose little about their cash position, equity or dividends. But according to more …
Producer will develop new 16 mtpa expansion before end-decade Country expects demand for gas to keep increasing: minister Qatar plans to expand exports of liquefied natural gas amid rising demand and a pause on growth projects in the US, a key rival supplier. The nation, which vies with the US and Australia as the biggest …
Qatar to Build New LNG Project as U.S. Stalls on Export Push Read More »
