New research shows a sharp increase in expected low-carbon investment this year by oil and gas companies, despite volatile market conditions.
U.S. oil production from seven major shale formations is expected to rise about 22,000 barrels per day next month, which would be the smallest monthly increase since shale output declined in February 2019.
The terms of the trade deal imply an absolutely massive increase in Chinese imports of U.S. energy, and if this actually comes to pass, it will have serious disruptive effects across global markets.
Stratas Advisors predicts an 87 Bcf withdrawal for the week ending Jan. 10.
Israel will initially export 200 million cubic feet of gas per day to Egypt, two Egyptian industry sources said.
U.S. natural gas producer EQT Corp. said Jan. 13 it would take a non-cash impairment charge of up to $1.8 billion in the fourth quarter driven by record low gas prices.
Drillers in pursuit of more-valued oil and NGL have created a glut of gas, despite higher exports of LNG.