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…
Oil, Gas Companies Set To Spend More in 2025
Producers of crude oil and natural gas will invest more in their business next year amid a stumbling transition away from hydrocarbons. The development may come as a surprise in the context of ever more transition commitments on the part of government…
OPEC Slashes Oil Demand Growth Forecast Again
OPEC on Monday cut its oil demand growth estimate for a third consecutive month, due to actual consumption data so far this year and expectations of slightly lower demand in some regions.OPEC now expects global oil demand to grow by 1.93 million barre…
Oil, Gas Drilling Stalls in U.S.
The total number of active drilling rigs for oil and gas in the United States fell slightly this week, according to new data that Baker Hughes published on Friday.The total rig count fell by 2 this week, compared to 630 rigs this same time last year.T…
China's Solar Output is Surging but Coal is Still King
Coal currently accounts for almost two-thirds of Chinas power generation.Kemp: In July 2024, Solar and hydro reached record output in China.Coal, it seems, will remain king in Chinas energy mix for the observable future.China recently recorded record …
European Natural Gas Price Rally Loses Momentum
The big rally in Europe’s natural gas prices that kicked off in July appears to have run out of steam thanks to high inventory levels and easing supply jitters. Dutch front-month futures, Europe’s gas benchmark, were quoted at ?9.70 per megawatt-h…
Niger Aims to Become Major Oil Exporter
Niger has restarted oil exports following a resolution with Benin over a border dispute that had halted crude shipments since June.The reopening of the Niger-Benin pipeline, operated by China National Petroleum Corp (CNPC), is crucial for Niger to rep…
U.S. Oil and Gas Rig Count Falls for Second Week
The total number of active oil and gas rigs in the US fell by 2 this week, reaching 586.US crude oil production slipped by 100,000 barrels per day in the week ending August 9th.Oil prices, including WTI and Brent benchmarks, experienced declines on Fr…
Oil Prices Climb 2% as Gaza Ceasefire Talks Begin
Oil prices, including WTI and Brent crude, rose nearly 2% despite a surprise increase in US crude inventories.Positive US economic data, including strong retail sales and lower unemployment claims, contributed to the price rebound.Ongoing Gaza ceasefi…