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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 »
By Bart H. Meijer, Andres Gonzalez and Christoph Steitz Buyers are APG, Norges Bank, and Singapore’s GIC Sale follows failed attempt to sell to Berlin last year Berlin considers taking minority stake in TenneT Germany THE HAGUE/LONDON/FRANKFURT, Sept 24 (Reuters) – The Dutch government is selling 46% of power grid operator TenneT’s German unit to …
Dutch Government Sells Nearly Half of TenneT Germany for $11.3 Billion Read More »
By Tegan Hill and Elmira Aliakbari Prime Minister Carney’s recently released list of five projects—which the government deems to be in the national interest and will expedite—doesn’t include a new oil pipeline for western Canada in general or Alberta in particular. The reason given was that no private developer stepped forward to finance or build one. But …
COMMENTARY: Canadian Federal Policies Continue to Block Oil Pipelines Read More »
(Reuters) – The eight international oil companies operating in Iraqi Kurdistan reached agreements in principle with Iraq’s federal and Kurdish regional governments to resume oil exports, according to an IOC statement seen by Reuters on Wednesday. The agreed framework, once signed and implemented, will allow exports to restart “in the coming days”, the statement said. …
Eight International Oil Companies Reach Agreement With Iraq, KRG to Resume Oil Exports Read More »
(Reuters) – Guyana’s oil production increased to 685,000 barrels per day in August from 664,000 bpd the previous month, boosted by the start-up of the fourth floating output facility in the South American country, government data seen on Wednesday showed. A consortium led by U.S. energy major Exxon Mobil, which controls all oil and gas …
Guyana’s Oil Output Rose to 685,000 Barrels Per Day in August Read More »
Kremlin spokesman Dmitry Peskov, asked about the possible return of Exxon Mobil to Russia, said on Wednesday that the U.S. energy major was not the only company keen to return to the country. “Believe me, there is more than one corporation that is interested in reincarnating its presence on the Russian market,” Peskov told RBC …
Kremlin Says Exxon is not the Only Company Interested in Returning to Russia Read More »
(Reuters) – U.S. oil major Exxon Mobil and Russian state-run energy giant Rosneft have signed a non-binding initial agreement to help Exxon recoup a $4.6 billion write-down it made on its activities in Russia in 2022 following Moscow’s invasion of Ukraine, according to two sources familiar with the talks. The agreement marks a tentative step …
