LNG Prices Could Jump Further as Hormuz Supply Crunch Persists
LNG prices have room to rise by about a third from the current very high levels amid low European gas inventories and fierce competition for spot supply between Europe and…
Alberta Plans New Royalty Incentives to Spur Oil Production
Canada’s oil-producing province of Alberta plans to announce in November a new preferential royalty framework to encourage companies to invest in new oil and gas production, Alberta’s Premier Danielle Smith…
Goldman Sachs Sees More Upside in Gasoline as Diesel Crunch Deepens
Diesel prices and margins will continue to grow amid tightening markets, but gasoline could offer even more upside as refiners currently prioritize diesel output, Goldman Sachs says. The investment bank…
Weltec Biopower to develop 60GWh biomethane plant near Madrid
By 5 min ago 2 min read German biogas developer Weltec Biopower has announced it will develop a 60GWh biomethane plant in Colmenar Viejo north of Madrid. The company is…
Helix starts drilling Ollie well amid regulatory pause on Montana helium production
By 37 min ago 2 min read Helium exploration company Helix Exploration has commenced drilling of the Ollie 1 well at its Rudyard facility in Montana, US, with drilling completion…
Repairing Qatar LNG ‘to cost $5.8bn and take up to a year’
By 28 min ago 3 min read Repairing Qatar’s Pearl GTL complex and Barzan gas plant will cost $5.8bn and take between ‘four and 12 months’, according to latest Wood…
India Pushes Back on U.S. Tariff Threat Over Russian Oil
India will continue prioritizing the energy security of its population despite attempts by the United States to squeeze Russian oil and gas exports, many of which go to India, the…
Soaring LNG Prices Push Asian Demand Toward Second Annual Decline
Demand for liquefied natural gas in Asia is set to decline this year by between 3% and 10% on higher prices, according to analysts cited by Reuters. This would be…
Oil Prices Slide as Saudi Arabia Reroutes Crude via Oman
Crude oil prices, which dipped yesterday, extended their losses earlier today following reports that Saudi Arabia will be exporting more oil through Oman while the East-West pipeline is repaired. At…
Winter is Coming for Diesel
A new analysis by the S&P Global Energy Fuels and Refining team, which was sent to Rigzone recently, warned that “winter is coming for diesel”. The analysis noted that “the…
