Goldman Sachs Sees Final OPEC+ Output Hike in July
Goldman Sachs analysts have reportedly suggested that OPEC+ is likely to pause further oil production increases due to deteriorating global economic conditions. Goldman reportedly anticipates that OPEC+ will make a “final”…
Kazakhstan’s CPC Exports To Fall In May
Kazakhstan’s oil exports via the Caspian Pipeline Consortium (CPC) are poised for a significant decline in May, with daily shipments of CPC Blend crude from Russia’s Black Sea port of…
US throws out standards and cuts red tape on raft of regulations
The US Department of Energy (DOE) has embarked on what it claims is the largest deregulatory effort in its history, proposing the elimination or reduction of 47 regulations that it…
Shipping company agrees Egypt regasification deal
Shipping company Höegh Evi has signed a 10-year charter agreement with Egyptian National Gas Holding Company (Egas) for the deployment of the Hoegh Gandria vessel as a floating storage and…
Ghana’s President urges investors to speed up crude oil extraction
(Bloomberg) – Ghana is encouraging investors to get the country’s crude out of the ground to avoid the assets from getting stranded amid a global decarbonization push. The government…
NRG Energy to Buy $12 Billion Worth of Assets Amid Power Demand Supercycle
NRG Energy will buy a portfolio of gas-fired power generation facilities valued at $12 billion from LS Power Equity Advisors, as the Houston-based firm bets on the growing U.S. electricity…
China Bolsters Export Controls on Critical Minerals
China is bolstering export controls on the entire supply chain of critical minerals as it seeks to keep its dominant position in the sector. China’s relevant authorities will track the…
Egypt to Boost LNG Imports as Soaring Demand Outpaces Local Supply
State firm Egyptian Natural Gas Holding Company (EGAS) has signed a 10-year agreement with Hoegh Evi to have it deploy a floating LNG import unit near Alexandria on the Mediterranean,…
Morgan Stanley Predicts Slump in Big Oil Profits
Earnings at the biggest international oil companies are set to slump later this year and in 2026, threatening the pace of buybacks, as a substantial oil market surplus would weigh…
Korea pilot project will turn steel emissions into syngas
South Korean steel manufacturer Posco Holdings and chemical company LG Chem are to pilot carbon capture and utilisation technology that converts CO2 from steelmaking into synthetic gas for reuse in…
