(Reuters) – Sentiment in the crude oil market has shifted to expecting prices to decline, with the debate at the industry’s biggest gathering in Asia more about timing than direction. The topic of presentations and conversations at the annual APPEC conference is always dominated by the outlook for prices, and this week’s event was no …
Crude Oil Sentiment Swings to Lower Prices as Bearish Factors Mount Read More »
Summary Oil and gas producers cut $2 bln in expenditure, Reuters analysis shows US oil rig counts have fallen by 69 this year Trump’s trade policies and tariffs push up material costs HOUSTON, Sept 8 (Reuters) – The U.S. oil industry has laid off thousands of workers and cut billions in spending due to lower …
Cuts to US Oil Jobs and Spending Threaten Output Growth Read More »
Diversified Energy is adding scale in the Anadarko Basin with the acquisition of private E&P Canvas Energy for $550 million.
Following recent purchases from Sempra Infrastructure and NextDecade, EQT is now securing 1 million tonnes per annum of offtake for 20 years from Commonwealth LNG.
(Reuters) – Barclays on Monday lowered its Brent crude oil price forecast for 2026 by $4 to $66 a barrel, citing expectations that OPEC+ will fully unwind voluntary production cuts by September next year. The bank said OPEC+’s weekend decision to raise October production targets by 137,000 barrels per day (bpd) was “the group initiating …
Barclays Cuts 2026 Brent Forecast on OPEC+ Supply Increase Expectations Read More »
By Haslinda Amin The decision by OPEC+ to once again raise production may have been more modest than expected, but oil prices could still tumble below $60 a barrel into the end of the year and the start of 2026, FGE NexantECA Chairman Emeritus Fereidun Fesharaki said on Bloomberg Television. The Organization of the Petroleum …
Oil Set to Fall Below $60 Into Next Year, FGE’s Fesharaki Says Read More »
By Stephen Stapczynski China appears to be setting up a system to import regular cargoes of liquefied natural gas from a Russian project sanctioned by the US, a move that will test the Trump administration’s willingness to penalize Beijing in its efforts to curb Moscow’s energy revenue. Having taken the first-ever overseas export from the …
China Is Cranking Up Its LNG Trade With Russia in Test For Trump Read More »
Electric Hydrogen and Generate Capital also entered a partnership as part of the transaction to offer up to $400 million in hydrogen project finance solutions.
By Anna Shiryaevskaya, Ruth Liao, and Stephen Stapczynski The global market for liquefied natural gas faces a multiyear supply glut starting in 2026, potentially pushing prices for the crucial fuel to the lowest since the energy crisis triggered by Russia’s full-scale invasion of Ukraine. After four years of tight markets, the International Energy Agency expects …
Global LNG Market Faces Looming Supply Glut After Years of Scarcity Read More »
The agreement finalizes commercialization for Rio Grande LNG Train 5 as NextDecade targets FID by the end of 2025.
