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Natural Gas Demand Outpaces Production

Natural Gas Demand Outpaces Production

Natural gas demand in major…

Energy

Oil Prices Rally As Traders Focus On Tight Supply Outlook

Aug 18, 2022 at 13:02 | Julianne Geiger

Crude oil prices resumed their climb on Thursday, reclaiming some of the ground lost over the last month. At 1:30 p.m. ET, the WTI benchmark was trading at $91.09, a…

OPEC Sees Robust Oil Demand Despite Sell-Off

Aug 18, 2022 at 10:57 | Charles Kennedy

Global oil demand is still robust and will be such through the end of this year, OPEC Secretary General Haitham al-Ghais told Reuters, noting that the recent sell-off in…

China’s Power Crisis Could Spark A Spike In Coal Consumption

Aug 18, 2022 at 10:08 | ZeroHedge

A heatwave-induced power crisis is spreading across southwestern China, shuttering factories and worsening by the day, according to Nikkei Asia.  The…

Green Hydrogen Is Gaining Traction Across The Globe

Aug 18, 2022 at 10:03 | Felicity Bradstock

Green hydrogen operations are expanding even further as governments pump millions into the development of the sector. While the rise of green hydrogen production across Europe has been…

U.S. Oil And Gas Firms Made $74 Billion In Profits Last Year

Aug 18, 2022 at 09:51 | Charles Kennedy

U.S. oil and gas companies generated profits worth $73.7 billion last year on the back of improving prices, with capital expenditure reaching $144.1 billion. This is one of the outtakes…

Goldman Sachs Less Positive About China’s Economic Growth

Aug 18, 2022 at 08:30 | Charles Kennedy

Goldman Sachs has revised its forecast for China’s economic growth from 3.3 percent to 3 percent for this year. The bank attributed the revision to weaker than expected data for…

Saudi Aramco Is Taking A Page Out Of The U.S. Shale Playbook

Aug 17, 2022 at 15:16 | David Messler

Saudi Aramco, (ARMCO) reported Q-2, 2022 earnings this week and set tongues wagging with the sheer amount of cash being generated in its…

How High Will European Gas Prices Go?

Aug 17, 2022 at 12:12 | ChAI

In recent weeks, there has been increasing mainstream coverage of the impending energy crisis in the UK and across Europe. While this issue is not news to those…

Why Aramco Is Nothing Like The Other Oil Majors

Aug 17, 2022 at 11:39 | Tsvetana Paraskova

The world’s biggest oil company by production and market capitalization, Saudi Aramco, joined this week many of the international oil majors in reporting record second-quarter profits amid soaring…

Germany Will Have Less Than 3 Months Of Gas If Russia Halts Supply

Aug 17, 2022 at 11:03 | Tsvetana Paraskova

Despite faster storage builds than usual, Germany will only have enough natural gas to cover two and a half months of consumption this winter if Russia completely suspends deliveries, Klaus…

Drought Is Driving European Energy Markets Toward Disaster

Aug 17, 2022 at 10:38 | Irina Slav

Energy markets and nature seem to have it in for Europe. Record-breaking gas prices, rising coal prices, and droughts that interfere with electricity generation in some key markets…

Natural Gas Demand Outpaces Production

Aug 17, 2022 at 10:00 | Charles Kennedy

Natural gas demand in major consuming countries stood in June at 104 percent of year-ago levels, but production was flat compared to 2021 levels, new data from the Joint…

Energy Sanctions On Russia Have Been A Boon For China And India

Aug 17, 2022 at 09:57 | Irina Slav

When the UK and the U.S. banned Russian oil imports, and the European Union approved sanctions that made it a lot harder to trade in Russian oil, media…

Cheap Air Travel May Be A Thing Of The Past

Aug 17, 2022 at 09:53 | Felicity Bradstock

Expensive flights are likely here to stay as we leave budget flying in the past. As we see rising oil and gas prices around the world, as well…

How The EU Plans To Cut Natural Gas Consumption By 15%

Aug 17, 2022 at 09:49 | Felicity Bradstock

Last week, European Union ministers accepted major gas cuts across Europe in the face of gas shortage worries going into the winter. So what are countries around the…

Oil Jumps On Massive Crude Inventory Draw

Aug 17, 2022 at 09:40 | Irina Slav

Crude oil prices moved higher today, after the Energy Information Administration estimated a draw in oil inventories of 7.1 million barrels for the week to August 12. This compared…

U.S. Crude Inventories Fell To Lowest Level Since 2004 In June 

Aug 17, 2022 at 08:25 | Tsvetana Paraskova

Crude oil inventories in the United States dropped by 21.8 million barrels to 915.8 million barrels in June, which was the lowest level since 2004, the latest data from…

Clean Energy Or Fossil Fuels? Wall Street Is Betting On Both

Aug 16, 2022 at 13:38 | Alex Kimani

The U.S. clean energy sector has been soaring so far in the aftermath of the Senate’s passage of a historic climate and energy bill that experts have hailed…

Disappointing Chinese Demand Takes Toll On Oil Prices

Aug 16, 2022 at 11:58 | Tom Kool

Uncertainty about the Iran nuclear deal and disappointing Chinese crude demand and refinery throughput are creating headwinds for crude.

Are Iraq’s Ambitious Oil Production Goals Feasible?

Aug 16, 2022 at 09:04 | Simon Watkins

  Iraq is planning to increase its crude oil production to phased targets of 5 to 8 million barrels per day (bpd) over time, according to the first…

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