What’s Affecting Oil Prices This Week? (Jan. 18, 2022)
Triple-digit oil prices? Here are the factors that Stratas Advisors say will keep oil prices from moving into the triple-digits.
Natural Gas Prices Take Another Ride
By the end of the year, natural gas spot and futures prices had fallen significantly despite entering the winter heating season enjoying the highest U.S. natural gas prices in almost eight years. What happened?
What’s Affecting Oil Prices This Week? (Jan. 10, 2022)
Here are the range of factors affecting oil prices this week including a slew of geopolitical issues involving Russia as the country is in the midst of a standoff with the West over a Russian troop buildup near neighboring Ukraine.
Analysts: High Appalachian Gas Production Will Stay That Way
Rystad charts a rise in demand for LNG and cites capital efficiencies by Appalachian producers that are resulting in record output.
More Top Stories in Markets
Natural Gas
Energy Transfer to Supply Gas to Texas Power Plants in Feb Freeze Dispute
Energy Transfer has agreed to sell Vistra gas through March 31 under the same terms and conditions in place since Dec. 1.
Public Capital
Lawsuit Alleges Charif Souki Defrauded Tellurian Investor in Short-seller Battle
Tellurian shareholder Chris Parker filed a breach of contract lawsuit with the U.S. District Court in Denver seeking unspecified damages from Chairf Souki, founder of the U.S. LNG company.
Natural Gas
Texas Cold Snap Arrives as RRC Says Natgas Industry is Ready
The Texas Railroad Commission, which oversees the state’s gas industry, said in a release on Jan. 19 that about 98% of the facilities its inspectors visited since the end of last summer were already winterized.
Petrochemicals
US Crude Oil Stockpiles Rise for First Time Since November
Crude inventories in the U.S. rose by 515,000 barrels in the week to Jan. 14 to 413.8 million barrels, compared with analysts’ expectations in a Reuters poll for a 938,000-barrel drop.
Liquefied Natural Gas (LNG)
Delfin Nearing FID on US Gulf of Mexico LNG Project, CEO Says
Delfin is one of a dozen or so North American LNG export projects that delayed decisions to start construction in 2020 and 2021 in part because coronavirus demand destruction.
Crude Oil
OPEC's Share of Indian Oil Imports Falls to 15-year Low
OPEC's share shrunk as refiners increased imports from Canada and the United States, data shows.
Liquefied Natural Gas (LNG)
Woodside, Commonwealth LNG Ink Agreement to Negotiate Louisiana Plant Supply Deal
In the agreement, Woodside contemplates the purchase of 2 million tonnes per annum of LNG over a period of 20 years.
Crude Oil
Oil Highest Since 2014 as Turkey Outage Adds to Tight Supply Outlook
U.S. West Texas Intermediate crude futures climbed 66 cents, or 0.8%, to $86.09 a barrel. WTI earlier jumped to $87.08, its highest since Oct. 9, 2014.
Crude Oil
IEA: Oil Market Headed for Surplus as Omicron Impact Muted
While U.S., Canada and Brazil are set to pump at all-time highs for the year, Saudi Arabia and Russia could also break their output records.
Crude Oil
US Awards Fifth Exchange of Crude Oil from Strategic Reserves
Combined, the U.S. Energy Department has so far released more than 8 million barrels of the 32 million in exchanges of Strategic Petroleum Reserve oil outlined in November.