Friday, January 10, 2025

LNG is the New Shale Oil with the U.S. as Disruptor-in-Chief

Reuters Column LAUNCESTON, Australia – Crude oil is likely to spring to mind if one is asked to name a commodity where the United States is disrupting the market by becoming a swing producer and challenging traditional trade flows, especially in fast-growing Asian markets. But it’s increasingly likely that the United States is about to play the same role in

Saudi Arabia’s Oil Shipments to America have Plunged to 1988 Levels

Reducing exports to U.S. – strategy worked From CNN/Money Saudi Arabia’s oil shipments to the United States have declined sharply despite closer ties between the two nations under President Trump. American imports of Saudi crude dropped 14% last year to 943,000 barrels per day, according to US government statistics. That’s the lowest since 1988, President Reagan’s final year in office.

New Investment Revives North Sea

From the Financial Times Up to 16 developments expected to receive go-ahead in next 12 months Energy companies are preparing to invest £5bn in new capital projects in the North Sea this year, according to the industry’s trade body, in the latest sign of recovery in the region after the oil price crash in 2014. Up to 16 oil and

How Oil and Gas Tech Could Deliver $46 Billion of Nuclear Funds

From Bloomberg A case study in the annals of political paralysis has been Nevada’s Yucca Mountain, a would-be repository for the country’s nuclear waste that’s never quite come to serve that purpose. The debate over whether to store spent nuclear fuel inside Yucca has entered its fourth decade, and rumblings from the White House and Congress suggest lots more ineffectual arguing ahead.

Weekly Oil Storage: Below Five Year Average

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week. Crude oil stocks fell by 2,622 MBBL last week to 428,306 MBBL, from 430,928 MBBL. This is 20% below the 533,110 MBBL that was in storage at this point last year, and is 1% below the five-year