FFEDERAL DEBT LIMIT NEGOTIATIONS CONTINUE; RENEWABLE ENERGY SEES DECLINE

Analysis by Energy Workforce President Tim Tarpley President Joe Biden and House Speaker Kevin McCarthy met to discuss the federal debt limit negotiations on Monday. Direct negotiations over the debt limit had started to crumble over the weekend, with both sides accusing each other of playing politics. Meanwhile, U.S. Treasury Secretary Janet Yellen on Wednesday …

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Energy Industry Leaders Represent United States at Global LNG Event

VANCOUVER, British Columbia, May 25, 2023 (GLOBE NEWSWIRE) — The final line-up for LNG2023, the world’s preeminent meeting of the international LNG industry, has been announced, and the United States will be well represented by energy industry leaders, including Dan Brouillette, former US Secretary of Energy. The global conference and exhibition will take place July …

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OPEC+ Credibility on Line with Talk of More ‘Ouching’: John Kemp

Saudi Arabia’s energy minister has warned speculators to “watch out” – an implied threat to cut production again to drive prices higher when ministers from the expanded OPEC+ group of exporters meet on June 4. “I keep advising them (speculators) that they will be ouching, they did ouch in April, I don’t have to show …

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US natgas up 2% on forecasts for higher demand through early June

U.S. natural gas futures gained about 2% on Wednesday on forecasts for cooler weather this week and warmer weather next week that should boost demand more than previously expected through early June. Gas prices also gained support from low amounts of wind power in recent weeks that have forced power generators to burn more gas …

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AMLO’s Seizure of a Billionaire’s Rail Line Is Making Investors Wary of Mexico

For global investors, predicting President Andres Manuel Lopez Obrador’s moves has never been easy. And now as he enters the home stretch of his presidency, it might get even harder. Last week, billionaire German Larrea woke up to find the government had seized a 120-kilometer stretch of a rail line he owns. The Navy took …

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U.S. natgas down 3% to one-week low on record output, rise in Canada exports

U.S. natural gas futures fell about 3% to a one-week low on Tuesday with U.S. output on track to hit a monthly record high and as exports from Canada increase as some producers in Alberta return to the wellpad after wildfires. That price decline came despite forecasts for a little more U.S. gas demand over …

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Eight Things You Didn’t Know About LNG – Geoffrey Cann

By Geoffrey Cann I’ve written hundreds of articles about the liquefied natural gas (LNG) industry, and I’m still learning stuff I didn’t know. At an LNG conference last week, I heard speakers share perspectives on a range of topics that warranted a reminder of the nuances of this fascinating industry. Here’s eight things about LNG that you …

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Permian Set for M&A Frenzy as Cash-Rich Producers Seek Reserve Boost

(Reuters) – Dealmaking is picking up in the Permian basin, the largest U.S. oil patch, as drillers look to quickly rebuild their depleting assets. Permian is a prime target for producers looking to increase their inventory. The shale patch, which lies between Texas and New Mexico, has the necessary infrastructure and is known for high …

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