U.S. natural gas consumption reaches new highs driven by the electric power...
U.S. natural gas consumption grew by 1% to reach a new annual high of 89.4 billion cubic feet per day (Bcf/d) in 2023, according to our Natural Gas Annual, and continued growing in the first nine...
View ArticleAs oil prices continue bumpy ride, UBS turns more constructive amid demand hopes
Crude oil prices had a rocky ride this year as concerns about oversupply and timid demand remained front and center, with boosts from geopolitical tensions proving fleeting, but UBS believes next year...
View ArticleEuropean competitiveness key as LNG demand set to rise in next 5-10 years: SEFE
Europe’s ability to compete for global LNG supplies will be key in navigating the ongoing energy crisis, as global demand is expected to maintain growth over the next 5-10 years, according to the head...
View ArticleOil drops from highest in weeks, focus on Fed rate cuts
Oil futures eased from their highest levels in weeks as traders took profit while waiting for a Federal Reserve meeting later this week for clues on further rate cuts. Falls were limited, however, by...
View ArticleStrong Credit Metrics Support Oil and Gas Despite Emerging Risks
Fitch Ratings’ neutral sector outlook for global oil and gas is based on a balanced market with Brent crude oil prices forecast at USD70 per barrel, reflecting OPEC+’s large spare capacity and...
View Articlebp and XRG close deal to launch new natural gas platform – Arcius Energy
bp and XRG yesterday announced they have reached financial close and completed formation of their new joint venture and international natural gas platform – Arcius Energy. Announced in February 2024,...
View ArticleMiddle East Crude-Dubai and Murban dip as oil prices ease
Middle East crude benchmark spot premiums for Dubai and Murban dipped on Monday, as oil prices eased from their highest levels in weeks on profit-taking. The Abu Dhabi National Oil Co (ADNOC) plans to...
View ArticleIranian oil prices to China hit new multi-year highs as sanctions hit...
The price of Iranian crude oil sold to China has risen to the highest in years as fresh U.S. sanctions have tightened shipping capacity and driven up logistics costs, trade sources and analysts said....
View ArticleShell invests in Bonga North deep-water project, Nigeria
Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, has announced a final investment decision (FID) on Bonga North, a deep-water project off the coast of...
View ArticleOil will aid rather than hinder Trump-MbS bromance
Donald Trump and Mohammed bin Salman each have contradictory objectives in 2025. The U.S. president-elect wants to apply “maximum pressure” on Iran, but won’t want the spike in oil prices that may...
View ArticleNorway oil and gas industry forecasts record investment in 2025
Oil and gas companies operating in Norway expect to invest a record 275 billion Norwegian crowns ($24.68 billion) in 2025, up from 263.7 billion this year and more than previously expected, the...
View ArticleOil prices fall on soft Chinese spending, ahead of U.S. Fed rate move
Oil futures eased from the highest levels in several weeks on Monday on weakness in consumer spending in China, which is the world’s largest oil importer, and as investors paused buying ahead of the...
View ArticleOverview of synergies between the oil and gas and geothermal industries
Overlapping competencies in the oil and gas and geothermal industries A number of skills, data, technology and supply chain elements are transferrable between the oil and gas and geothermal sectors for...
View ArticleChina Nov refinery throughput rises for first time in eight months
China’s refinery throughput in November recorded its first rise in eight months, official data showed on Monday, as Beijing’s economic stimulus measures began to underpin manufacturing activity and oil...
View ArticleMiddle East oil refineries brace for more supplies as new capacities come online
Middle East oil refineries, flush with new production capacity and some of the most efficient plants in the world, are bracing for increased competition in 2025, with Bahrain’s Bapco expansion set to...
View ArticleOil dips on demand concerns, focus on Fed meeting
Oil prices were down on Tuesday as China’s economic data renewed demand concerns, while investors remained cautious ahead of the U.S. Federal Reserve’s interest rate decision. Brent crude futures LCOc1...
View ArticleUS crude, distillate inventories likely fell last week, gasoline seen up
U.S. crude oil and distillate stockpiles were expected to have fallen last week while gasoline inventories likely rose, a preliminary Reuters poll showed on Monday. Four analysts polled by Reuters...
View ArticleBarclays lowers its 2025 Brent price outlook to $83 per barrel
Barclays has lowered its fair value estimate for Brent oil to $83 per barrel for 2025, it said in a research note on Monday. The investment bank noted that oil inventories are low, and current prices...
View ArticleKosmos Energy walks away from Tullow Oil acquisition
U.S. oil and gas firm Kosmos Energy (KOS.N), opens new tab walked away from its pursuit of West Africa-focused Tullow Oil (TLW.L), opens new tab on Tuesday, without specifying any reason for the...
View ArticleKazakhstan further downgrades oil output forecast for 2024
Kazakhstan’s oil and gas condensate output is now seen at 87.8 million metric tons in 2024, down from the previously expected figure of more than 88 million tons (1.76 million barrels per day), Energy...
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