Oil Prices Little Changed as Russia, Mideast Concerns Offset by Oversupply Worry
Summary Estonia accuses Russia of violating its air space Four Western nations recognise Palestinian state Iraq increases oil exports after OPEC+ relaxes quota (Reuters) – Oil prices were little changed…
COMMENTARY: The US LNG Industry Risks Becoming Victim of its Own Success
Summary Global LNG capacity to grow by 60% by 2030, US to make up half of additions LNG market expected to enter period of heavy oversupply At the same time,…
LNG Bunkering and Maritime Fuel Strategy: Rotterdam JV Signals Shift
By Andrew Darnton A recent joint-venture announcement between TotalEnergies and CMA CGM signals that LNG bunkering — supplying LNG as a marine fuel — is becoming more concretely integrated into…
US Files Court Statement to Support Enbridge in Michigan Pipeline Case
The Calgary-based company is proposing to build a roughly 4-mile (6-km) tunnel for the pipeline, which crosses through the Straits of Mackinac in the Great Lakes. The project faces opposition…
US Lawmakers Want Sanctions to Sink Russia’s ‘Shadow Fleet’
(Reuters) – A group of Republican and Democratic U.S. senators introduced legislation on Friday that would expand sanctions against Russian energy, specifically by targeting a collection of older oil tankers the lawmakers…
Five Takeaways From the BNEF Barrel of Tomorrow Summit – Houston
Companies are looking outside of the US for opportunities due to Trump rolling back clean-tech incentives, with the green hydrogen industry and carbon capture and storage being affected. Regulation is…
Sanctions and Arctic LNG: The Grey Zone Expands
By Sinead Richmond Despite sanctions, Russia’s Arctic LNG 2 project continues to send cargoes to China. These shipments highlight the ingenuity — and opacity — of global shipping. The mechanics…
US Drillers Add Oil and Gas Rigs for Third Week in a Row, Baker Hughes Says
The oil and gas rig count declined by about 5% in 2024 and 20% in 2023 as lower U.S. oil and gas prices over the past couple of years prompted…
US Northeast Electricity Imports from Canada Drop, EIA Reports
Canadian hydropower output has been constrained by ongoing drought, while electricity demand in ISO-NE and NYISO declined 9% and 6%, respectively, between 2016 and 2024, the EIA report highlighted. “Although…
ENDING THE WEEK – Oil Prices Slip as Robust Supply Outweighs Fed Cut
Summary Large oil supplies, declining demand push prices lower Refinery turnaround season will also cut demand for crude Benchmarks gain for a second straight week (Reuters) – Oil prices dropped…
