Auto Added by WPeMatico
(Reuters) – JPMorgan forecast on Monday Brent crude at $57 a barrel and West Texas Intermediate (WTI) at $53 in 2027, while keeping its 2026 estimates unchanged at $58 and $54 respectively. Brent crude futures were trading around $62.54 a barrel as of 1434 GMT, while U.S. West Texas Intermediate crude was trading at $58.08. …
JPMorgan Projects Brent Crude at $57 a Barrel, WTI at $53 in 2027 Read More »
When warnings abound about an imminent collapse in oil prices, one would not expect the CEO of a major oil company to boast that he has never been more confident. Yet that was precisely the message conveyed in Chevron’s updated strategy, unveiled by CEO Mike Wirth on Wednesday. He shrugged off concerns about oversupply in …
Confident Chevron Brushes Off Oversupply and Energy Transition Fears: Bousso Read More »
U.S.-based Williams will spend $1.9 billion on the development of LNG facilities and a pipeline for Australian gas producer Woodside Energy’s $17.5 billion liquefied natural gas project in Louisiana, the companies said. The pipeline operator will take up a 10% stake in the Louisiana LNG Infrastructure LLC and will also simultaneously buy an 80% interest …
Williams Pumps $1.9 Billion into Woodside’s Louisiana LNG Venture Read More »
(Reuters) – The backers of a proposed 800-mile (1,287 km) gas pipeline in Alaska championed by U.S. President Donald Trump expect to complete a key engineering and cost study by the end of this year, Interior Secretary Doug Burgum said on Monday. The ambitious proposal to transport gas from Alaska’s far north to the Gulf …
(Reuters) – Venture Global’s loss in a massive arbitration case with BP is a black eye for the wider U.S. LNG industry, whose breakneck growth looks set to contribute to a global supply glut and far more headaches for investors. The U.S. LNG producer, which has a $30 billion market cap, operates some of the …
Occidental Petroleum will be in a better position to invest in its core oil and gas business after divesting a chemicals unit and will be able to replace the lost cash flow from the division in about two and a half years, CEO Vicki Hollub told Reuters in an interview on Thursday. After announcing earlier …
Occidental CEO Says Chemical Divestiture Will Improve Core Oil, Gas Business Read More »
(Reuters) – The U.S. Department of Energy on Wednesday said it planned to cancel $7.56 billion in financing for hundreds of energy projects that it said would not provide sufficient returns to taxpayers. The department’s announcement came hours after White House budget director Russell Vought said in a post on X that the administration would …
US Energy Department Cancels $7.6 Billion in Funding Meant for Projects Read More »
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, growing demand for domestic US power generation to boost gas costs (Reuters) – The breathtaking expansion of U.S. gas exports in the last decade has …
COMMENTARY: The US LNG Industry Risks Becoming Victim of its Own Success Read More »
U.S. President Donald Trump issued a letter to NATO nations on Saturday, urging them to stop buying Russian oil and impose major sanctions on Russia to end its war in Ukraine. “I am ready to do major sanctions on Russia when all NATO nations have agreed, and started, to do the same thing, and when …
Trump Presses NATO Nations to Halt Russian Oil Purchases Read More »
U.S. Energy Secretary Chris Wright downplayed the risks of climate change as he promoted Washington’s return to a “commonsense energy policy” on Thursday, while the Trump administration worked to boost oil and gas sales to Europe and other allies. Wright spoke to reporters after meeting the European Union’s energy commissioner Dan Jorgensen in Brussels. U.S. …
US Energy Secretary Downplays Climate Risks as Washington Seeks EU Gas Deals Read More »
