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By Robert Tuttle An LNG carrier is loaded at the LNG Canada docks in Kitimat, British Columbia on July 14. Photographer: James MacDonald/Bloomberg Canada’s benchmark gas price has tumbled to a record low as production hiccups at the country’s first LNG export plant on the British Columbia coast contributed to a surplus of supply. The …
Natural Gas Goes Negative in Canada After LNG Plant Issues Read More »
(Reuters) – TotalEnergies CEO Patrick Pouyanne said on Monday he would be surprised if all U.S. LNG projects that have received regulatory approval will be built, citing the difficulty of finding willing long-term buyers and financing. Pouyanne has previously warned that the United States is building too many liquefied natural gas plants, warning it could …
TotalEnergies CEO Says He’d Be Surprised If All Approved US LNG Projects Will Be Built Read More »
Summary Increase to amount to at least 137,000 bpd, sources say Ukrainian drones attacks cut Russian oil refining, exports Oil trades at multi-week high above $70 a barrel (Reuters) – OPEC+ will likely approve another oil production increase of at least 137,000 barrels per day at its meeting next Sunday, as rising oil prices encourage …
OPEC+ Plans Another Oil Output Hike in November, Sources Say Read More »
Takeaways by Bloomberg AI TotalEnergies SE is under pressure to show it can sustain payouts and deliver returns from its push into low-carbon energy as debt climbs and shares lag behind peers. The company has cut its quarterly stock repurchase program to $1.5 billion from $2 billion and warned it could fall as low as $750 …
Total Pressured on Payouts, Green Strategy After Debts Double Read More »
Crude oil flows from Iraq’s northern Kurdistan region to Turkey resumed on Saturday for the first time in two and a half years. Here are details about the dispute that halted the piped supply of some 450,000 barrels per day (bpd) in March 2023: WHAT PROMPTED THE SHUTDOWN? Turkey shut the pipeline following an International …
Why the Iraq-Turkey Oil Pipeline Was Halted for 2-1/2 Years Read More »
Summary Record low negative prices due to pipeline constraints Production cuts could last till end of month – analyst Advantage Energy carrying out unprecedented shut-ins (Reuters) – Some natural gas producers in Western Canada are aggressively cutting output in an effort to ease an ongoing glut that this week tipped prices for the fuel into …
Canadian Natgas Producers Cut Output Amid Record Low Prices Read More »
Summary OPEC+ has failed to hit its increased targets Some members struggle to raise output Some face curbs because of previous overproduction OPEC+ may deliver only half of next output hikes (Reuters) – OPEC+ has delivered about three quarters of the extra oil output it targeted since the group started production hikes in April, and …
OPEC+ is Poised to Slip Further Below Oil Output Target Read More »
(Reuters) – U.S. Energy Secretary Chris Wright said in an interview on Thursday that reducing Russia’s natural gas sales to Europe is the “most immediate hammer” Washington has to pressure Moscow into ending the war in Ukraine. Wright, who spent nearly a week in Europe this month, said cutting Russia’s gas sales is easier than …
Shrinking Russia’s Gas Sales Key to Pressure Moscow, US Energy Secretary Says Read More »
By Stephanie Kelly and Shadia Nasralla Last year’s edition saw peak oil demand in 2025 Renewables to overtake coal share in energy mix by 2040 Natural gas demand set to grow almost 20% by 2040 LONDON, Sept 25 (Reuters) – BP (BP.L) said on Thursday it expects global oil demand to grow until 2030, five …
BP Sees Oil Demand Growth Until 2030 Due to Slowing Energy Efficiency Gains Read More »
(Reuters) – Slovakia expects to find “common ground” with the United States after pressure to end Russian energy purchases, Slovak Prime Minister Robert Fico said on Thursday as he defended receiving supplies from Moscow. The European Union has sought to isolate Russia for its 2022 invasion of Ukraine and to phase out purchases of Russian …
Slovakia’s Fico Seeks ‘Common Ground’ With US on Russian Energy Supplies Read More »
