Industry leaders worry that the DOE’s suspension of approvals for LNG projects will persuade global customers to seek other suppliers, wreaking havoc on energy security.
Stratas Advisors says the U.S.’ response (so far) to the recent attack on U.S. troops has been measured without direct confrontation of Iran, which reduces the possibility of oil flows being disrupted.
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.
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.
Vitol executive Ben Marshall told oil and gas producers at IPAA’s Private Capital Conference that Saudi Arabia is losing patience. Also, the energy transition will take longer than expected.
Escalating tensions in the Red Sea heighten the potential for shipment disruptions and major impact on energy markets.
The upcoming presidential election sees energy concerns on the “second page” of the ballot, making choosing a side a necessity.
U.S. midstream and energy infrastructure has a mixed outlook for 2024, with a possible loss in demand and stronger focus on renewables offset by solid oil prices and a healthy midstream industry with pockets of growth.
Germany cuts its gas imports by 32.6% in 2023 after recovering from Russia's export cut off.
To convince the market of OPEC+’s ability to sway oil prices, the international organization will have to take back control and maintain production cuts at least until the second quarter of 2024.