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…
Read More ›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…
The post After Major Weather Model Reversal, Natural Gas Futures Plunge Back Toward $2.50 appeared first on Natural Gas Intelligence
Read More ›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…
Read More ›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…
Read More ›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…
Read More ›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…
Read More ›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…
Read More ›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…
The post LNG Capacity Growth a Proven Model for Energy Transition, Says Bechtel CEO appeared first on Natural Gas Intelligence
Read More ›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…
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