More Top Stories in Markets

Pipeline Operator Magellan Says Permian Crude Flows to Houston Will Rise

A surge in U.S. oil exports has pushed more and more barrels of crude from the Permian basin of West Texas and New Mexico to the port of Corpus Christi, the top U.S. oil export hub.

February 2, 2023

Chesapeake CEO, Commonwealth LNG Chair Say Europe Must Prepare for Next Winter

In 2022, Europe raced to fill gas storage with LNG imports; now its focus must turn to next year’s winter, top executives at Commonwealth LNG and Chesapeake Energy said Feb. 1 during a panel discussion at the NAPE summit in Houston.

February 2, 2023

EU Must Extend Gas Demand Curbs to Prepare for Next Winter

Policymakers should underpin future demand reduction targets by encouraging a structural shift away from gas, says Bruegel. 

February 2, 2023

TotalEnergies, Iraq See Further Delays to $27 Billion Energy Deal

Amid differences with Baghdad, TotalEnergies has asked its foreign employees in Iraq to leave the country and local staff to work from home.

February 2, 2023

European Gas Prices Mixed on Cold Weather Forecast, Strong LNG Flows

British and Dutch wholesale gas prices were mixed on Feb. 2 on cold weather forecasts, reduction in gas storage and Norway outage, although strong flows of LNG were lending some support.

February 2, 2023

Shell 2022 Profit More Than Doubles To Record $40 Billion

The British company's record earnings, which more than doubled from a year earlier, mirror those reported by U.S. rivals earlier this week and are certain to intensify pressure on governments to further raise taxes on the sector.

February 2, 2023

Indian State Oil Companies to Spend $13 Billion in Fiscal 2024

Nearly half of overall expenditure would be for refineries expansion and upgrades.

February 1, 2023

Alliance Resources’ Permian Royalty Acquisitions Set to Total More Than $150 Million

Alliance Resources said Jan. 30 it will purchase Permian oil and gas interests for $72.3 million on the heels of closing a separate $81 million deal.

February 1, 2023

US Crude Exports to China Hit 5-Month High

Cargoes of U.S. light sweet crude bound for China rose last month to about 187,000 bbl/d, the highest since August, said Matt Smith, lead oil analyst for the Americas at data and analytics firm Kpler.

February 1, 2023

BP: Ukraine War Likely to Speed Decline in Fossil Fuel Use

The fallout from Russia’s invasion of Ukraine includes a global movement away from imported fossil fuels toward domestically produced renewables, BP said in its annual Energy Outlook.

February 1, 2023