Stratas Advisors forecast that global crude production will be essentially unchanged from 2023, which means that demand growth in 2024 will outpace supply growth.
EIA reported crude oil stocks increased by 12.8 MMbbl as February began, far outstripping expectations.
With the increase last week, the price of Brent crude has reached its 200-day moving average.
Saudi Aramco’s move from a targeted 13 MMbbl/d capacity by 2027 is not expected to tighten the supply and demand balance this decade, Wood Mackenzie analysts said.
The Biden administration’s decision to pause permitting of LNG projects has damaged the U.S.’ reputation in ways impossible to calculate.
Investment firm Kimmeridge is looking for more natural gas production for its own E&P to participate in the Gulf Coast LNG market. SilverBow Resources has gas.
New Fortress’ facility consists of an offshore terminal and an FSRU that will supply LNG to several customers.
TG Natural Resources rides the LNG wave with Rockcliff deal amid shale consolidation boom.
TG Natural Resources rides the LNG wave with its Rockcliff deal amid a shale consolidation boom.
The U.S. Environmental Protection Agency will exclude existing natural gas power plants from its proposed carbon regulations that it plans to finalize in April.
Oil prices have found support this year from rising geopolitical tensions including attacks by the Iran-aligned Houthi group on Red Sea shipping.
Madrid-based Repsol SA will invest €$2.2 billion (US$2.38 billion) between 2024-2027 on its unconventional assets in the Marcellus and Eagle Ford as it focuses on increasing its core U.S. upstream business platform.
Shares for Oklahoma City-based Gulfport Energy massively outperformed market peers over the past year—and analysts think the natural gas-weighted name has even more upside.
John Harpole, the founder and president of Mercator Energy, says he is concerned about meeting peak electric demand and if investors will hesitate on making LNG export facilities investment decisions after the Biden administration's recent LNG pause, in this Hart Energy LIVE Exclusive interview.