Europe Depletes Gas Inventories At Fastest Rate in Six Years Ahead of Winter
Europe is depleting its natural gas reserves at the fastest rate in six years as still winter weather and low temperatures combine to challenge the continent’s transition away from hydrocarbons—and delay it.Since the start of official winter season—…
Why China is Finally Turning Its Back on Iranian Oil
After years of abusing Iranian sanctions and flooding Chinas economy with cheap Iranian oil, China’s larger independent refiners are set to shun Iranian oil “imminently” because of their exposure to the US banking system, said Energy Aspects, which…
Coal’s Share of Electricity Generation in China Dips Despite High Demand
The share of electricity in China generated from coal dipped below 60% of the total for the first time since the start of the year. Some have seen this as a win for the country’s transition efforts. Alas, it is a temporary one.China’s share of coal …
Why Energy Giants Won't Turn Their Backs on Oil
As governments worldwide put increasing pressure on oil and gas companies to decarbonize, many have responded by pledging to expand their renewable energy portfolios and cut emissions in fossil fuel operations. However, despite big promises, little pr…
U.S. Gas Drillers Saddle Up for Data Center-Fueled Demand Ride
U.S. natural gas producers are preparing for stronger demand and higher prices for their product as data center proliferation accelerates further and years of depressed gas prices become a thing of the past. They are not letting it all happen by itsel…
Are Iraq’s Oil Flows Through Kurdistan To Turkey Set To Resume?
The resumption of oil exports from Iraq’s semi-autonomous region of Kurdistan through the Iraq-Turkey Pipeline (ITP) to the Turkish port of Ceyhan was discussed in detail last week by Iraqi Oil Minister Hayan Abdul-Ghani and the country’s Parliament…
Deepwater Discoveries Set to Reshape Africa's Energy Landscape
Africa’s deepwater segment has always played a key role in terms of adding significant discovered volumes, which has helped Africa sustain its hydrocarbon production. The contribution of this segment in Africa’s hydrocarbon production mix was betwee…
UAE’s Energy Giant Boosts Natural Gas Supply and Investments
ADNOC Gas, the natural gas unit of Abu Dhabi’s national oil company, is raising its capital expenditure and gas supply, expecting global LNG demand to continue growing by 3% every year by 2040, ADNOC Gas said in a strategy update on Monday.ADNOC Gas …
Panama Canal Bets on Asian Demand to Boost Flailing LNG Traffic
After a year of traffic restrictions and upended global trade flows due to geopolitical shifts, the Panama Canal – the fastest route for American LNG to Asia – is introducing a new long-term booking system, hoping to attract larger volumes of U.S. L…
Funding Latin America's Energy Transition
Several countries across Latin America have made ambitious climate pledges over the last few years, but can they deliver on their promises? The region is well known for its oil and gas production, as well as for its rapidly expanding critical mineral…
What Are Russia And Iran Cooking Up In Their Recent Flurry Of High-Level Meeting
A flurry of high-level meetings between very senior Russia and Iranian figures occurred over a four-week period from the end of September to the middle of October. These included Russian Prime Minister Mikhail Mishustin, and Secretary of the Russian F…
Standard Chartered: Global Oil Demand Hit An All-Time High In August
Momentum in oil markets has continued to skew towards the downside over the past two weeks, with the last 10 trading days seeing front-month Brent record seven lower settlements, eight lower intraday highs and six lower intraday lows. Meanwhile, the 3…
Oil Markets Fail to Respond to Geopolitical Escalations
Ten days ago, the Biden administration expanded sanctions on Iran’s petroleum and petrochemical sectors in response to Iran’s October 1 attack on Israel, its second direct attack on Israel this year. According to the White House, Iran’s oil exports…
Traders Beware: China's Gas Demand Isn't the Whole Story
When traders want to know where oil demand is heading, they look to China. This has narrowed their viewpoint considerably, leaving them vulnerable to price shocks. Now, the same could be happening with natural gas.China is a huge importer of natural g…
How High Import Tariffs Could Have A Negative Impact on U.S. Oil
At campaign rallies, Republican Presidential Nominee Donald Trump promises to lower energy costs for American families and secure the nation’s “energy superpower” status through a combination of a deregulation agenda for domestic oil and gas indust…
EU Struggles To Reduce Reliance on Russian LNG
Europe still keeps importing vast volumes of Russian gas, even though the Ukraine war continues. Importing Russian gas directly finances the ongoing onslaught of Russia’s army in Ukraine. To find a solution to the latter, European ministers are meeti…