Goldman Sachs Sees China’s Natgas Destocking Boosting LNG Imports Ahead of Winter
(Reuters) – China’s gas destocking signals stronger LNG imports ahead of winter, reinforcing upside risks to European gas prices, particularly if disruptions to Hormuz energy flows persist, Goldman Sachs said…
China Oil Import Cut, Higher US Exports Wrongfoot Market Bulls
(Reuters) – As prices for physical crude oil hit all-time highs of over $160 per barrel last month, analysts and traders alike rushed to predict a market Armageddon if the…
India’s Power Demand Hits Record High as Heat Drives Coal Use
India’s power generation rose to a new all-time high amid hot weather that drove air-conditioning demand up, with thermal generation, most of its coming from coal power plants, covering 62%…
India Explores Alternative Energy Sources Amid Oil Supply Shock
India’s Prime Minister Narendra Modi has urged the government to urgently explore an increase in the use of alternative energy sources, including biogas as a substitute for liquefied petroleum gas…
Japan to Welcome First Crude Cargo via Hormuz Since War Began
A supertanker carrying 2 million barrels of Saudi crude is set to arrive in Japan early next week after clearing the Strait of Hormuz in late April, in the first…
China’s Fuel Exports to Remain Low as Curbs Persist
China’s fuel exports will rise only slightly in June from May as government restrictions on shipments largely remain in place to preserve supply for the domestic market amid the biggest…
TotalEnergies Eyes $100M+ Stake Sales in European Solar and Wind Portfolio
TotalEnergies is considering selling 50% of some of its solar and wind assets in Europe as part of its strategy to partner with other companies in operating and monetizing its…
Exxon May Acquire Rights to Produce Oil in Venezuela, NYT Reports
May 21 (Reuters) – U.S. oil major Exxon Mobil (XOM.N) is in talks to acquire rights to produce oil in Venezuela nearly two decades after it was effectively expelled from…
Oil Prices Rise as Investors Doubt Breakthrough in US-Iran Peace Talks
Summary Iran, U.S. maintain opposing stances on Tehran’s uranium stockpile, Strait of Hormuz OPEC+ leaders expected to up July oil output target, sources say WTI, Brent headed for weekly losses…
EU Regulators to Decide on Baker Hughes’ $13.6 billion Chart Deal by June 26
(Reuters) – EU antitrust regulators will decide by June 26 whether to clear oilfield services firm Baker Hughes’ $13.6 billion acquisition of Chart Industries, according to a European Commission filing. Baker…
