Charles Kennedy

Latest articles from Charles

• Exxon Stops Flaring In The Permian, Urges Others To Follow Suit

  Published 25 January 2023 | viewed 13,586 times

  One of the biggest oil producers taking part in the most prolific U.S. shale play has decided to stop routine gas flaring in the Permian…

• Sub-Zero Temperatures Set To Boost LNG Demand In Asia

  Published 24 January 2023 | viewed 3,905 times

  A wave of freezing weather is sweeping across Asia and will likely boost energy demand on the continent as the thermometer plunges deep below zero.…

• Freeport LNG Files For Restart, Awaits Regulatory Response

  Published 23 January 2023 | viewed 11,455 times

  Freeport LNG on Monday confirmed for Oilprice.com that repairs had been completed at its liquefied natural gas export facility, which has been offline since June,…

• Baker Hughes Q4 Profit Lags Estimates On Supply Chain Issues

  Published 23 January 2023 | viewed 1,625 times

  Baker Hughes (NASDAQ: BKR) reported on Monday record orders for the fourth quarter, but its earnings came below analyst expectations amid supply-chain and labor shortages.…

• Russian Crude Exports from Baltic Ports See 50% Hike In January

  Published 23 January 2023 | viewed 5,304 times

  As Asian oil demand increases, Russian crude oil loadings from Baltic ports are on track for a 50% hike from December to January, Reuters reports,…

• Italy To Wean Itself Off Russian Gas Within Two Years

  Published 23 January 2023 | viewed 1,927 times

  Italy is expected to eliminate imports of Russian natural gas by the winter of 2024/2025, Claudio Descalzi, the chief executive of energy major Eni, said…

• Kuwait Cabinet Resigns Over Oil Wealth Spending

  Published 23 January 2023 | viewed 2,705 times

  Kuwait’s new Cabinet has resigned amid protests over a planned spending spree of the country’s oil wealth by the Assembly, which some fear would drain…

• Iran Claims Panama Oil Tanker Cancellations Were Politically Motivated

  Published 23 January 2023 | viewed 3,059 times

  Iran has dismissed the significance of Panama’s de-flagging of more than a hundred tankers allegedly used by Iran to ship oil abroad in violation of…

• Watchdog Proposes Redesigning The Texas Energy Grid

  Published 20 January 2023 | viewed 1,722 times

  The Texas Public Utility Commission has proposed redesigning the grid in the Lone Star State in a bid to make it more resilient to extreme…

• Chinese Oil Giants Expect Bumper Profits For 2022 On Spike In Prices

  Published 19 January 2023 | viewed 2,112 times

  China’s largest state-controlled oil and gas firms on Thursday guided for a surge in net profits for 2022 as commodity prices jumped last year and…

• Washington Not Likely To Lower Russian Oil Price Cap–Yet

  Published 19 January 2023 | viewed 2,210 times

  As Europe discusses the possibility of further lowering the G7’s $60 price cap on Russian crude oil to squeeze Kremlin coffers more, Bloomberg is citing…

• World Oil Demand Hit A 9-Month High In November

  Published 19 January 2023 | viewed 4,180 times

  Solid demand in China, India, and Japan lifted global oil demand by 1.7 million barrels per day (bpd) in November to the highest level since…

• Zelensky Questions Whether Putin Is Still Alive

  Published 19 January 2023 | viewed 10,420 times

  Ukrainian media is citing President Volodymyr Zelensky as questioning whether Russian President Vladimir Putin is even alive and who is responsible for decision-making in Moscow…

• UK’s Top Oil Producer To Cut Jobs Over Windfall Tax

  Published 18 January 2023 | viewed 5,523 times

  The largest oil and gas producer in Britain’s North Sea, Harbour Energy, will reportedly move to cut jobs as a result of the UK’s windfall…

• Russia Remains Top Seaborne Oil Supplier To Europe Despite Sanctions

  Published 18 January 2023 | viewed 5,430 times

  While the European Union’s seaborne imports of Russian crude oil declined by just over 12% last year, Russia still enjoyed status as the top seaborne…

• EIA: Soaring Production Will Keep Natural Gas Prices In Check

  Published 18 January 2023 | viewed 16,220 times

  Continued increases in U.S. dry natural gas production are expected to outpace domestic demand and exports this year and in 2024 according to the EIA…

• Europeans Lowered Heating Temperatures Amid The Energy Crisis

  Published 18 January 2023 | viewed 1,963 times

  Households in Europe have lowered the target temperatures in their smart thermostats this winter amid high energy bills and calls from governments to conserve energy,…

• Venezuela Suspends Oil Exports

  Published 18 January 2023 | viewed 101,036 times

  Venezuela’s PDVSA has suspended most of its crude oil exports for a review of the contractual terms that will be conducted under the new head…

• Saudi Arabia Is Open To Discuss Non-Dollar Oil Trade Settlements

  Published 17 January 2023 | viewed 76,296 times

  Saudi Arabia, the world’s largest crude oil exporter, is open to discussing oil trade settlements in currencies other than the U.S. dollar, Saudi Minister of…

• Saudi Aramco To Partner With Car Giants On Engine Business

  Published 17 January 2023 | viewed 1,925 times

  French Renault and Chinese Geely are putting the finishing touches on a deal that will add Aramco to their partnership for the development and marketing…