Riyadh-based think tank KAPSARC expects oil demand in the third quarter to rise across all countries except India despite global headwinds and early signs of a looming recession. Demand in the U.S. is said to lead the way.
Will the U.S. have enough natural gas come winter? Executive Editor-at-large Nissa Darbonne explores in her monthly column featured in Oil and Gas Investor.
While crude exports to “America”—which accounts mainly for the U.S.—were up, Mexico’s state-owned Pemex reported a significant cut in shipments to Europe and Asia.
While Stratas Advisors said in its latest oil price forecast that they are less concerned about the talk of price caps at the G7 meeting, the firm is increasingly concerned about the risk of further escalation of the Russia-Ukraine conflict because of several developments.
Riyadh-based think tank KAPSARC expects oil demand in the third quarter to rise across all countries except India despite global headwinds and early signs of a looming recession. Demand in the U.S. is said to lead the way.
Kremlin spokesman Dmitry Peskov Medvedev also said Japan “would have neither oil nor gas from Russia, as well as no participation in the Sakhalin-2 LNG project” as a result.
Trade was volatile, with both crude benchmarks up over $2/bbl early on supply concerns and down over $4/bbl at session lows. Oil prices have been extremely volatile for months.
The data, which shows that Russia took back the top ranking of suppliers to the world’s biggest crude oil importer—China—after a gap of five months, indicates that Moscow is able to find buyers for its oil despite western sanctions.
The new rules will add gas and nuclear power plants to the EU "taxonomy" rulebook from 2023, enabling investors to label and market investments in them as green.
NextDecade’s supply deal with China Gas, the financial terms of which have not been disclosed yet, is for 20 years and LNG will be delivered from the second train at Rio Grande LNG.
In an exclusive video interview with Hart Energy, Baker Botts’ Clint Rancher discusses steps that the Biden administration and oil and gas industry can collectively take to lower soaring gasoline prices.
QatarEnergy’s agreement with Shell this month is the last related to the $28.8 billion North Field East expansion project, the world’s single largest LNG project.
Ecuador’s Petroecuador has recuperated around 91% of its oil production lost in June due to protests over rising food and fuel prices, the state-owned company said on July 4.
“We could, however, unlock resources and strengthen capacity if the oil produced by the Islamic Republic of Iran and Venezuela were allowed to return to the market,” OPEC Secretary-general Mohammad Barkindo told an energy conference.