FERC Says 32 Bcf/d in US LNG Capacity Approved, Not Yet Built

The FERC—which has jurisdiction over the siting, construction and operation of LNG export facilities in the U.S.—reported that 18 projects worth 32 Bcf/d of export capacity have obtained approval but are yet to be built.

What's Affecting Oil Prices This Week? (Jan. 29, 2024)

For the upcoming week, Stratas Advisors forecast that increase in oil prices will be moderated likely due to the U.S. being cautious in response to the recent attack on U.S. troops. 

Baker Hughes Detects LNG Slowdown Solutions, Global Opportunities

Baker Hughes’ fourth quarter earnings call confronts Biden’s halt on LNG permitting with “solve itself” attitude.

Rystad Sees Little Support for Henry Hub in Coming Weeks

Rystad Energy sees little support for Henry Hub prices in the U.S. as dry gas production rises after the Jan. 17 Arctic freeze that impacted all of the Lower 48 states.

US Companies Ponder Future in Venezuela as Washington Pressures Maduro on Elections

The pressure is on again for Venezuela’s President Nicolás Maduro to announce a clear election timeline amid tensions following recent arrest orders and detentions of his opposition supporters.

Oil Prices Edge Up on Big US Crude Withdrawal, China Stimulus

U.S. crude storage withdrawal, Chinese economic stimulus and geopolitical tensions countered concerns over tepid demand.

South Africa’s Economic Transformation is of US Strategic Importance

South Africa’s Cape Town is at the forefront of other major cities in Africa’s southernmost country in its approach to deal with rolling blackouts and boost its own energy security while reducing its coal usage in favor of renewables.

What's Affecting Oil Prices This Week? (Jan. 22, 2024)

Geopolitical risks continue to increase, but Stratas Advisors' John Paisie expects the oil market will stay steady unless conflicts create a material impact on oil flows. 

Guyana’s Economy to Grow 34.3% in 2024, Finance Minister Says

Guyana’s economy is expected to grow 34.3% in 2024, exceeding growth of 33% in 2023, as an Exxon Mobil Corp.-led consortium ramps up offshore oil production, according to Guyana’s finance minister Ashni K. Singh.

Mexico’s New Dos Bocas Refinery to Start Operations in February

Mexico’s President Andrés Manuel López Obrador said the country’s new Dos Bocas refinery, known as Olmeca, will commence operations in February 2024.