Auto Added by WPeMatico
(Reuters) – U.S. natural gas futures jumped about 8% to a three-week high on Monday on a drop in output forecasts for warmer weather and higher demand this week than previously expected. Analysts said gas prices also gained some support from a 5% increase in U.S. oil futures after OPEC+ kept its output increase unchanged. …
US Natgas Prices Jump 8% to 3-Week High on Lower Output, Higher Demand Read More »
(Reuters) – President Donald Trump’s budget proposes to shut as soon as in a few months the Northeast Home Heating Oil Reserve, which stores 1 million barrels of diesel and was designed to protect consumers. The reserve, created in 2000 by former President Bill Clinton, holds enough for roughly 10 days of heating homes. It …
Trump Budget Proposes Closing Northeast Heating Oil Reserve Read More »
Goldman Sachs anticipates the eight country OPEC+ oil group will implement a final 0.41 million barrels per day (mb/d) production increase in August, the bank said in a note dated Sunday. “Relatively tight spot oil fundamentals, beats in hard global activity data, and seasonal summer support to oil demand suggest that the expected demand slowdown …
Goldman Sachs Sees OPEC+ Raising Oil Output by 0.41 mb/d in August Read More »
The real increase in output will likely be smaller than the headline figure, with perhaps only half reaching the market. By Julian Lee Oil ministers from OPEC+ members agreed on another big increase in production targets for July. But is there room for those barrels without crashing prices? A third straight boost of 411,000 barrels a day will …
The OPEC+ Production Boost May Have a Bigger Bark Than Bite Read More »
(Reuters) – Russian energy giant Gazprom’s average daily natural gas supplies to Europe via the TurkStream undersea pipeline increased by 10.3% in May from a month earlier, Reuters calculations showed on Monday. Turkey is the only transit route left for Russian gas to Europe after Ukraine chose not to extend a five-year transit deal with …
Russian Pipeline Gas Exports to Europe Rose 10% m/m in May, Data Shows Read More »
Prime Minister Mark Carney sat down with oil and gas executives in Calgary Sunday to discuss partnerships and to get their input for his plans to make Canada an energy superpower. Carney, in his first visit to Calgary since being sworn in as prime minister, held a closed door roundtable with more than two dozen …
Summary Eight OPEC+ members met online OPEC+ cites steady economic outlook, healthy market fundamentals (Reuters) – OPEC+ agreed on Saturday to hike July oil output by 411,000 barrels per day (bpd), the same as in May and June, as the group of oil-producing countries continues to bring back supply more rapidly than earlier planned. Eight …
OPEC+ Agrees to Further Accelerated Oil Output Hike for July Read More »
Summary Brent and WTI down over 1% this week OPEC+ could discuss bigger July output rise at Saturday meeting Trade uncertainty continues after US appeals court decision (Reuters) – U.S. crude futures fell on Friday as traders expected OPEC+ would decide on Saturday to boost oil output for July beyond previous forecasts. Brent crude futures …
U.S. regulators gave Venture Global permission on Friday to proceed with some construction activities at its proposed CP2 LNG facility in Louisiana, according to a Federal Energy Regulatory Commission document. Venture Global is proposing to build a 20 million metric tons per annum plant at Calcasieu Pass. FERC approved the plant’s entire construction last week. …
US Regulators Approve Some Construction at Venture Global’s CP2 LNG Plant Read More »
By Lucia Kassai US drillers pumped a record amount of oil in March, but the final number came in lower than government figures previously indicated. Total liquids production rose to an all-time high of 20.8 million barrels a day in March, up 3.1% from the previous month, the Energy Information Administration said Friday. The number, …
US Posted Record Oil Output Before Price Dip Spurred Rig Retreat Read More »
