The Latest

Unconventional

OPEC Sees US Shale Output Recovering Further on Oil Rally

The outlook for U.S. shale oil is slightly more “optimistic” due to rising prices and output will recover further in the second half of 2021, OPEC said on Jan.14, in a sign its policy of cutting output is helping rivals pump more.

January 15, 2021

Liquefied Natural Gas (LNG)

Tellurian Aims for Louisiana LNG Construction Start This Summer

Driftwood will help meet soaring demand for LNG, says co-founder Souki.

January 15, 2021

Liquefied Natural Gas (LNG)

Panama Canal LNG Vessel Bottleneck Could Last until March

Congestion delaying LNG shipments via the Panama Canal is expected to last through the peak demand winter months, traders close to the situation said on Jan. 14, although the canal’s regulator said it had made changes to speed up transit.

January 15, 2021

Business

US Shale Producers Lock in Future Sales as Oil Prices Hit One-year High

U.S. shale producers that are hedging are likely locking in about 15% to 20% of production at a time, said Tom Petrie, chairman at energy investment bank Petrie Partners.

January 15, 2021

Crude Oil

IEA: Oil Market Outlook Clouded by Vaccine Roll-Out Variables

Pace and response to vaccines add uncertainty to planning, says agency analyst.

January 13, 2021

Crude Oil

Oil Prices Rally Further after US Inventory Drop

Both crude oil benchmarks are trading at the highest since February 2020, before the coronavirus outbreak in China began spreading across the world and billions of people went into lockdown.

January 13, 2021

Exploration & Production

EIA: US Natural Gas Output, Demand to Fall for Second Year in 2021

If the EIA outlook is correct, 2021 would be the first time U.S. natural gas output falls for two years in a row since 2005, and 2022 would be the first time consumption falls for three consecutive years since 1983.

January 13, 2021

Investment

Wind Power Overtakes Coal in Texas Electricity Generation

Renewables capacity is surging in Texas, which is largely considered the heartland of fossil fuels in the U.S.

January 12, 2021

Liquefied Natural Gas (LNG)

LNG Cargoes Diverted to Heat Up Freezing Spain

Gas prices have more than doubled since the start of the year.

January 12, 2021

Crude Oil

What’s Affecting Oil Prices This Week? (Jan. 11, 2021)

The U.S. political arena and the management of the oil markets are poised for interaction, and the resulting dynamics could trigger market volatility that will surpass even that seen last year, Stratas Advisors says in its latest oil price forecast.

January 11, 2021