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Venture Global LNG Taps Jack Thayer for CFO Role

Jack Thayer previously served as CFO at Exelon and Constellation Energy Group, both of which are Fortune 500 energy companies.

June 22, 2020

Crude Oil

Oil Price Structure Signals Global Market Recovery

The new oil price structure marks a turnaround from earlier when the coronavirus outbreak had pushed oil prices into the opposite structure, when prompt prices fell below forward prices, known as contango.

June 19, 2020

Crude Oil

US Slaps Sanctions On Mexican Firms, Individuals Linked to Venezuelan Oil Trade

US claims that the oil-for-food deal didn’t deliver food for the Venezuelan people.

June 19, 2020

Crude Oil

OPEC+ Pushes for Compliance, Remains Undecided on Extending Oil Cuts

OPEC and allies, known as OPEC+, have been cutting output since May by a record 9.7 million bbl/d—or 10% of global supply—after oil demand plunged by up to a third.

June 18, 2020

Public Capital

Chevron’s Stake in Australia’s Biggest LNG Project for Sale

Analysts said it made sense for Chevron to sell its North West Shelf LNG stake now, after it failed to seal a deal to supply gas to the plant from its undeveloped Clio and Acme fields.

June 18, 2020

Crude Oil

UBS Raises Brent Forecasts, Sees Undersupplied Oil Market

The bank raised its forecast for Brent to $40 per barrel by the end of September, from $32, and to $45 per barrel by the end of December, from $43.

June 18, 2020

Exploration & Production

US Oil Production Falls to Lowest Point Since 2018

Crude oil stockpiles in the U.S. rise to record high as imports from Saudi Arabia remain elevated.

June 17, 2020

Exploration & Production

OPEC+ Panel Makes No Recommendation on Supply Cuts

This week’s meetings are part of an OPEC+ effort to review the impact of a record supply that started May 1 cut and hear from countries yet to deliver their share in full, such as Iraq.

June 17, 2020

Liquefied Natural Gas (LNG)

BP Report: Global Energy Consumption Rises, But Growth Rate Slips

BP CEO expresses concerns about the impact of COVID-19 in a ‘pivotal moment’ for the world.

June 17, 2020

Crude Oil

IEA: Aviation Crisis Means Oil Demand to Stay Below Pre-Virus Levels Before 2022

Coronavirus fears have cut into flying, putting the industry into an ‘existential crisis.’

June 16, 2020