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Markets

Explainer: Will Colonial Pipeline Shutdown Drive Up Pump Prices?

Nearly half of the fuel consumed in the eastern U.S. passes through the Colonial network.

May 10, 2021

Crude Oil

Oil Prices Rise after Cyberattack Forces Shutdown of Major US Pipeline

While some analysts have said oil demand may never reach pre-pandemic levels, Goldman Sachs said it expected this by the end of the year and predicted Brent would hit $80 and WTI $77 within six months.

May 10, 2021

Crude Oil

Saudi Arabia Cuts Oil Prices for Asia, Sources Say

Top oil exporter Saudi Arabia has cut the June official selling prices (OSPs) of all crude grades it sells to Asia, sources say.

May 6, 2021

Liquefied Natural Gas (LNG)

Total Presses Ahead with Papua LNG, Sees 2023 Investment Decision

The project had been delayed due to the pandemic.

May 5, 2021

Business

Energy Transition Could Be Delayed by High Metal Prices, Warns IEA

Production of critical minerals needed for clean energy technologies was much more concentrated than in the oil market, the IEA says.

May 5, 2021

Exploration & Production

Brazil’s Petrobras to Offer Gas Contracts Tied to US Henry Hub Benchmark

Petrobras will start offering contracts backed by the U.S. Henry Hub reference price, in addition to contracts indexed to the international Brent oil benchmark, the company said in a statement.

May 4, 2021

Crude Oil

What’s Affecting Oil Prices This Week? (May 3, 2021)

The oil price movement from the last week is somewhat reflective of the difference in the pace of economic recovery between the U.S., where the economy continues to show signs of a robust recovery, and the Eurozone, which has fallen back into recession, says Stratas Advisors in its latest forecast.

May 3, 2021

Liquefied Natural Gas (LNG)

Sources: LNG Cargoes Diverted from India Amid COVID Crisis

Weakened demand has led to six tankers being diverted to Asia, Europe and Kuwait.

May 3, 2021

Investment

Berkshire Hathaway Defends $8 Billion Proposal to Build Natural Gas Plants in Texas

Berkshire Hathaway in March proposed building 10 natural gas-powered plants that would supplement the capacity of the Electric Reliability Council of Texas (ERCOT), which provides electricity to most of the state.

May 3, 2021