More Top Stories in Markets

Nord Stream 1 Pipeline to Shut for Three Days in Latest Blow to Europe

Gazprom said the three-day shutdown of Nord Stream 1 was because the pipeline’s only remaining gas compressor requires maintenance, yet the move will bring further disruption, particularly for Germany.

August 19, 2022

US Oil Refiners Aim to Run Fullbore, Spurning Recession Fears

“Refiners will continue to run hard in Q3,” Tudor, Pickering, Holt refining analyst Matthew Blair said in a note this week, adding he would not be surprised “if Q3 runs weren't higher” than June given past conservative forecasts.

August 19, 2022

OPEC Chief Says Blame Policymakers, Lawmakers for Oil Price Rises

OPEC Secretary General Haitham Al Ghais maintained a relatively positive outlook for oil production in 2023 during a recent call.

August 19, 2022

Oil Prices Slip, Headed for Weekly Loss as Recession Concerns Bite

A strong dollar has made oil more expensive for holders of other currencies, while equities, which often move in tandem with oil prices, also dropped.

August 19, 2022

Tellurian Completes $125 Million Acquisition of Private Haynesville Producer

The cash consideration at closing for private Haynesville producer EnSight was $125.5 million, revised from the announced $125 million due to preliminary purchase price adjustments, a release from Tellurian on Aug. 18 said.

August 19, 2022

West Texas Exports ‘Record’ Gas Volumes to Mexico

Permian shale gas from West Texas continues to find increasing market share south of the border in Mexico amid robust demand and more pipelines connecting the central and southwest regions of the Latin American country.

August 19, 2022

Kazakhstan Secures Extra Gas Supply from Chevron-led Tengiz Field

Kazakh President Kassym-Jomart Tokayev met Chevron CEO Michael Wirth in Kazakhstan on Aug. 18 and also discussed with him potential investments in petrochemicals and the expansion of Karachaganak, another giant oil project.

August 18, 2022

Industrial Action at Shell's Prelude FLNG Extended to September

Comprised of workers from the Australian Worker's Union and the Maritime Union of Australia, the Offshore Alliance stated that it would "extend industrial action for as long as it took" to reach an agreement with Shell.

August 18, 2022

Analysis: Oil Prices Turn More Volatile as Investors Exit the Market

"There will be concern that prices could fall back to lower levels that wouldn't justify new capex," energy analyst Arjun Murti said, speaking of how traders and fund managers have left the crude markets recently due to market volatility.

August 17, 2022

Marathon Gets More time to Build LNG Import Project in Alaska

Marathon Petroleum’s Trans-Foreland said it has yet to make an FID to build the project because the COVID-19 pandemic and the war in Ukraine have worsened economic and logistical conditions.

August 17, 2022