The Latest

Liquefied Natural Gas (LNG)

US LNG Exports Hit Record Highs in First-half 2021

U.S. LNG exports surged as international natural gas and LNG spot prices increased in Asia and Europe due to cold weather, according to IEA.

July 27, 2021

Markets

Texas Power Grid Sees Record-breaking Demand during Heatwave

Projected peaks in power usage over the next week would be the highest so far in 2021 and, if correct, next week’s forecast would top the Texas grid’s all-time high of 74,820 MW in August 2019.

July 27, 2021

Crude Oil

What’s Affecting Oil Prices This Week? (July 26, 2021)

Back on trend? Stratas Advisors is projecting that demand will continue to outstrip supply throughout the rest of the year in its latest oil price forecast.

July 26, 2021

Business

Exxon Mobil, SABIC Announce Mechanical Completion for Gulf Coast Growth Ventures Derivatives

Three units will produce fundamental chemicals used in medical, automotive and packaging products.

July 26, 2021

Liquefied Natural Gas (LNG)

US Natgas Futures Hit Fresh 31-Month High on Hot Forecasts

U.S. natural gas futures rose to a fresh 31-month high on July 23 on forecasts for hotter weather and higher air conditioning demand over the next two weeks than previously expected.

July 26, 2021

Natural Gas

Op-ed: US Natural Gas Prices at Multiyear Highs Will Protect Stocks

In the short term, higher gas prices will encourage power generators to run gas-fired turbines for fewer hours over the next few months, running coal-fired units instead, to reduce gas combustion.

July 23, 2021

Crude Oil

US Weighs Crackdown on China’s Import of Iranian Oil

Chinese refiners are the biggest importers of Iranian oil. That U.S. officials are hinting at a possible crackdown may be a veiled threat that Washington has ways to exact a price from Tehran, says analyst.

July 23, 2021

Public Capital

NextEra Energy’s Profit Energized by Renewable Demand Surge

NextEra Energy has recently seen its investor base rise, as countries and corporations move further away from fossil fuels, and last year had briefly pipped Exxon Mobil Corp. as the largest U.S. energy firm by market value.

July 23, 2021

Field Development

Shell Pushes LNG Strategy Forward with Barracuda First Gas

Barracuda is Shell’s first greenfield project in Trinidad and Tobago and one of its largest in the country since its BG Group acquisition.

July 22, 2021

Crude Oil

US Crude Oil Stockpiles Rise for First Time Since May

The crude oil build in the U.S. was “obviously” a surprise driven by a surge in imports and a plunge in exports, says analyst John Kilduff.

July 21, 2021