Market dynamics vary at key natural gas pricing hubs
Pricing hubs provide transactional flexibility to buyers and sellers in the natural gas industry. The integrated North American market has close to 200 pricing hubs, which vary by size, location, type,...
View ArticleOil prices rise 1% as Mideast attacks heighten supply concerns
Oil prices rose more than 1% on Thursday, reversing some of the previous session’s losses, as the Middle East conflict and reports of North Korean troops ready to help Russia in Ukraine kept traders on...
View ArticleOil prices fall on uncertainty around Middle East and US election
Oil prices fell by about 1% in volatile trade on Thursday on worries that slow economic growth in Europe could reduce energy demand, as uncertainty around conflict in the Middle East kept traders on...
View ArticleNorway’s BW Energy nearing 40,000 b/d target from Gabon oil assets
Oslo-listed BW Energy and its partners will hit 40,000 b/d of oil output at their Dussafu license off Gabon by the end of this year in a boost to the oil dependent country, after completing the last of...
View ArticleEquinor third quarter 2024 results
Equinor delivered adjusted operating income* of USD 6.89 billion and USD 2.04 billion after tax in the third quarter of 2024. Equinor reported net operating income of USD 6.91 billion and net income at...
View ArticleMiddle East Crude-Dubai, Oman stablise, Murban close to 2-month low
Middle East crude benchmark premiums for Dubai and Oman stablised on Thursday, while the premium for Murban fell for a second session to a near two-month low. Taiwanese refiner CPC bought 6 million...
View ArticleU.S. shale natural gas production has declined so far in 2024
U.S. natural gas production from shale and tight formations, which accounts for 79% of dry natural gas production, decreased slightly in the first nine months of 2024 compared with the same period in...
View ArticleCrude prices stalled by two-sided market risks
Crude oil futures have settled into a nervous wait-and-see mode, with major two-sided risks keeping prices rangebound and stuck for now. Having witnessed a slump below USD 70 last month, followed by an...
View ArticleOutlook for oil, gas demand increasing to 2040: Baker Hughes CEO
While the renewable energy market continues to grow amid what is thought to ultimately be a transition away from oil and natural gas, demand for energy continues to mount and should increase by...
View ArticleOil heads for weekly gain as Middle East tensions keep market on edge
Oil prices nudged higher on Friday and are on track for a weekly gain of more than 1%, as tensions in the world’s top oil-producing region, the Middle East, and a restart in Gaza ceasefire talks in the...
View ArticleMiddle East Crude-Dubai falls, Murban at 2.5-month low
Middle East crude benchmark premium for Dubai fell to a close to two month low on Friday, while that for Murban plunged to the lowest since early August. Oman’s energy ministry issued a tender earlier...
View ArticleHow the US election could impact the energy transition
Be prepared for policy disruption The US has long been subject to material policy inconsistency through presidential election cycles. Most recently, the Biden administration reversed a series of...
View ArticleOil set for 3% weekly gain, investors weigh Middle East risk
Oil prices were on track to gain around 3% on the week as Friday’s prices ticked up, with investors taking stock of a planned resumption in Gaza ceasefire talks in the coming days amid ongoing conflict...
View ArticleThe CCS imperative: Enhancing capacity to mitigate upstream emissions in...
The deployment of carbon capture and storage is crucial to achieve substantial reductions in upstream emissions. CCS has the potential to reduce lifecycle emissions of upstream oil and gas assets by up...
View ArticleMEXICO DATA: Pemex crude production hits new low in September
Crude production by Mexico’s state oil company Pemex fell to a new multidecade low in September, the last month under the administration of former President Andres Manuel López Obrador, who invested...
View ArticleIndia’s oil demand may rise nearly 4% in December quarter: S&P Global
India’s oil demand is expected to rise by nearly 4% on-year in the December quarter due to festivals and the rabi season, ratings agency S&P Global said. “We forecast an annual demand increase of...
View ArticleUS Cash Crude-Grades mixed on last day of roll trade
U.S. crude grades were mixed on Friday, dealers said, on the last day of the volatile roll trading period. Prices to roll U.S. crude oil positions from November to December traded at 30 cents a barrel,...
View ArticleUS oil and gas rig count steady this week, down two in October – Baker Hughes
U.S. energy firms kept the number of oil and natural gas rigs unchanged this week, with the count falling by two in October, energy services firm Baker Hughes said in its closely followed report. The...
View ArticleOil prices likely to fall after Israel shows restraint in strikes on Iran
Oil prices are expected to fall when trading resumes on Monday as Israel’s retaliatory strike on Iran over the weekend bypassed Tehran’s oil and nuclear infrastructure and did not disrupt energy...
View ArticleEuropean gas market shows subdued interest in preliminary storage auctions
European natural gas storage auction prices for 2025 capacity point to potential supply risks over coming months that continue to provide support to season-ahead contract prices, tightening the next...
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