US Natgas Futures Fall 7% to 3-Week Low on Rising Output, Spot Waha Prices Turn Negative
That pipeline work in Texas trapped some gas in the Permian shale and caused spot prices at the Waha hub to turn negative for the fourth time this year. Gas…
US DOE to Begin Issuing Orders for Pending LNG Export Permits
The U.S., the world’s largest LNG exporter, is on track to triple its export capacity by the end of the decade. The pause threatened to limit the U.S. ability to…
Goldman Remains Cautious on Oil Prices as Higher Iranian Supply Prospects Weigh
“We are maintaining our Brent/WTI oil price forecasts of $60/56 ($4 below the forwards) for the remainder of 2025 and $56/52 ($8 below the forwards) in 2026,” the bank said.…
Lifting US Sanctions on Iran Could Crush China’s ‘Teapot’ Oil Refineries
By Summary Chinese independent refineries accounted for 77% of Iran 2024 exports Iranian imports are discounted, offering profits uplift Removal of sanctions will undermine teapots’ business model LONDON, May 19…
Oil Retreats as US and China Growth Concerns Weigh
By Summary Companies US credit rating cut by Moody’s China’s retail sales disappoint Iran-US nuclear talks in focus LONDON, May 19 (Reuters) – Oil slipped on Monday, weighed down by…
Blackstone Bets on Soaring Power Demand With $11.5 billion TXNM Energy Deal
(Reuters) – Blackstone Infrastructure will acquire utility company TXNM Energy in an $11.5 billion deal, including debt, as the investment firm bets on rising U.S. electricity demand and a shift to…
First LNG Ship Bunkering Hub in US Gulf Coast Secures Permits to Start Work
(Reuters) – A joint venture project developing the first marine fuel facility for liquefied natural gas in the U.S. Gulf Coast has secured final permits and construction is expected to…
Oil Posts Weekly Gain but Remains Under Supply Hike Pressure
Summary Brent, WTI rise after more than 2% drop in previous session Brent and WTI post second straight weekly gains Focus on Iran nuclear deal IEA hikes supply growth forecast,…
US Drillers Cut Oil and Gas Rigs for Third Week in a Row – Baker Hughes
(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for the third week in a row for the first time since mid…
Oil Heads for Weekly Gain but Remains Under Supply Hike Pressure
Summary Brent, WTI rise after more than 2% drop in previous session Both post second weekly gain in a row Focus on Iran nuclear deal IEA hikes supply growth forecast,…
