The LNG market is evolving rapidly, but it still has some way to go in the commoditization process.
For the week ahead, Stratas Advisors expect Brent to average $58/bbl as enthusiasm about a trade deal wanes.
Russia produced more oil in September than envisaged by a global deal due to an increase in gas condensate output as the country prepared for winter, local news agencies reported on Oct. 20.
U.S. natural gas futures for the winter of 2020-2021 gained the most of any contracts after Kinder Morgan delayed the projected in-service date for its $2 billion Permian Highway gas pipeline.
Oil markets have lost 2 million barrels per day (MMbbl/d) of crude supply this year due to security and political issues but are more concerned about slowing demand, a senior executive at French oil and energy group Total said on Oct. 18.
A gap is emerging in the U.S. LNG industry as big players such as Exxon Mobil and Cheniere Energy race ahead to build export terminals without new long-term contracts.
The system consists of new crude oil and condensate pipelines located in the Marten Hills region of north-central Alberta.
China's natural gas demand is expected to reach 307 billion cubic meters (Bcm) this year, an increase of just 10% from 2018, an official of state-run Sinopec Gas Co. said on Oct. 15, as a slowing economy hits consumption.