Oil Executives See Market Rebalancing From Surplus in Medium-Term
(Reuters) – The global oil market will tighten in the medium to longer term, a range of oil industry executives said in London this week, maintaining optimism despite a near-term…
World Oil Market to See Huge Glut in 2026, IEA Says
Summary IEA expects global supply to rise by 3 million bpd in 2025 Trims demand growth forecast this year to 710,000 bpd Implied surplus to reach 4 million bpd in…
Airlines Face ‘Price Gouging’ by Green Jet Fuel Sellers, IATA Says
IATA Director General Willie Walsh looks on during an interview with Reuters in Dubai, United Arab Emirates, June 2, 2024 (Reuters) – Fuel suppliers are using European Union green jet…
Oil Recoups Some Losses After US-China Trade Tensions
Summary Brent and WTI rebound from 5-month lows China September crude imports rise 3.9% on year First Israeli hostages released from Gaza (Reuters) – Oil prices rose on Monday after…
Exxon Sees Tighter Oil Market in Medium-Long Term, CEO Says
He said that without investments in unconventional oil and gas fields, the annual decline rate could be as high as 15% each year. Get the Latest US Focused Energy News…
COMMENTARY: Venture Global’s $1 Billion Arbitration Loss Gives Booming US LNG Sector Black Eye
(Reuters) – Venture Global’s loss in a massive arbitration case with BP is a black eye for the wider U.S. LNG industry, whose breakneck growth looks set to contribute to…
US Drillers Cut Oil and Gas Rigs for First Time in 6 Weeks, Baker Hughes Says
(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating, the first reduction in six weeks, energy services firm Baker Hughes said in…
Record LNG Wave Will Breed Long-Term Demand, Says Adnoc Gas CEO
By A looming surge in liquefied natural gas supply through the end of the decade is poised to create demand that won’t go away, said an Adnoc Gas executive. Prices…
Companies Are Paying Record Sums to Develop Geothermal Energy
Support from the Trump administration, rising energy demand and cheaper drilling methods are boosting lease prices of US public land for geothermal development. By For the first time in years,…
Maersk Cancels $475 Million Contract For US-Bound Offshore Wind Vessel
Seatrium shares drop 6.5% after contract cancellation Maersk cites construction delays Seatrium considers legal action over contract termination Trump administration previously halted Empire Wind project work Oct 10 (Reuters) –…
