With many automakers transitioning from petrol-powered vehicles to electrified ones, Porsche and Ferrari are pursuing a new strategy by concentrating on the advancement of eFuels to preserve gas-powered engines. This decision follows the European Commi…

Henry Hub average seen 50% lower in 2023, EIA says.

Natural gas futures plummeted on Monday as weekend weather models shed a huge amount of demand from the 15-day outlook. Though LNG demand hit a fresh high amid a key export facility’s return of operations, the April Nymex contract settled 43.7 cents lower at $2.572/MMBtu. May futures dropped 41.1 cents to $2.730. Spot natural gas……

China has set a 5% growth target, which is in line with market expectations following last week’s blowout PMI. While some may view the goal as conservative, it leaves room for upside growth surprises and bodes well for Chinese equities overall. However…

  The offshore oil and gas (O&G) sector is set for the highest growth in a decade in the next two years, with $214 billion of new project investments lined up. Rystad Energy research shows that annual greenfield capital expenditure (capex) will break t…

The giant Tengiz oilfield in Kazakhstan saw its oil production drop by 11% in early March compared to February due to unscheduled maintenance at the massive field that typically pumps more than 600,000 barrels per day (bpd), industry sources told Reute…

India last week stepped up its negotiations with the U.S. aimed at continuing to import as much oil from Russia as it requires, regardless of current and future sanctions against Moscow. This runs in tandem with India’s ongoing refusal to vote in favou…

Russia started exporting diesel to Saudi Arabia—its ally in the OPEC+ group—in February, after Moscow’s key fuel export outlet, the EU, enacted an embargo on seaborne imports of Russian oil products on February 5, Reuters reported on Tuesday, quoting t…

As energy buyers and governments across the world try to balance climate goals and energy security during a period of high volatility, Bechtel Corp. CEO Brendan Bechtel said the growth of the LNG industry should serve as a model for how energy infrastructure investments can tackle multiple challenges at once. Virginia-based Bechtel has secured contracts……

Despite months of rumors regarding a rebound in global oil demand, oil prices are decidedly range-bound at the moment as they await a major development to break through resistance.Chart of the Week- The US downstream landscape remains hamstrung by wide…

LONDON, March 7 (Reuters) – India’s power generators and coal mines are being stretched to the limit to meet surging demand for power stemming from a fast-growing economy and rapid electrification.

Calgary-based independent Canadian Natural Resources Ltd. made a strategic decision to ramp up its substantial natural gas portfolio last year, which resulted in a 23% increase in output year/year. “For North American operations, 2022 annual natural gas production was 2.08 Bcf/d, versus the 1.68 Bcf/d for 2021, up almost 395 MMcf/d,” said President Tim McKay……

Morgan Stanley analyst Adam Jonas, one of Tesla’s biggest bulls, has just named Ferrari as a top pick for his firm.  Morgan Stanley raised its price target on Ferrari to $310 from $280 on Monday, while Jonas set an overweight rating on the company.  He…

BP plc’s Lower 48 onshore subsidiary BPX Energy Inc. has become the first U.S. major to certify the methane intensity of its entire natural gas production portfolio, according to nonprofit MiQ. Methane, the primary component of natural gas, is a potent greenhouse gas (GHG) that accounts for about 20% of anthropogenic GHG emissions globally, according……

Natural gas futures pared their recent losses in early trading Tuesday as March chills, despite moderating in recent forecasts, remained supportive.  Coming off a 43.7-cent swoon in the previous session, the April Nymex contract was up 5.6 cents to $2.628/MMBtu at around 8:50 a.m. ET. With technical support from the 20-day moving average at $2.57,……