November 19, 2024 – Oil & Gas 360

Energy Market Assessment: Consensus, natural gas and oil bearish, deep data showing bullish

November 19, 2024

(Oil and Gas 360) – While Temperatures Delightfully Mild Keep The Consensus Natural Gas And Oil Bearish, Deep Data Continues Showing Bullish, Supply/Demand Trends. Our prediction, that many will soon be caught oil and natural gas short is based on our decades of analysis of The Climate and constant focus on the economy and markets. Last week last year natural gas produced

No Wyoming coal for stockings this Christmas?

November 19, 2024

(Oil & Gas 360) – It appears that a Christmas miracle of sorts would be required if Wyoming is to keep a 32-year coal production streak alive. Coal, for decades the biggest source of revenue for the Cowboy State, is going to struggle to meet a 200 million metric ton production level for 2024. Failure to do so would mark the

Enverus analysis covers Haynesville play remaining production potential

November 19, 2024

(World Oil) – Enverus Intelligence® Research (EIR) is releasing its annual Haynesville Play Fundamentals that examines the distribution of remaining inventory across the play using economic viability. The report leverages Enverus analytics to assess the prospective quality of the emerging Western Haynesville play. Additionally, it uncovers the call on Haynesville rigs, same-zone and across-zone well interference and the economic advantages of

U.S. ethane exports set to surge with new Gulf Coast capacity

November 19, 2024

(Oil Price) – Ethane production in the United States, where nearly all ethane is recovered at natural gas processing plants, has eased in recent weeks from record highs set earlier this year. Record U.S. natural gas production last year led to record volumes of ethane recovery at processing plants in the first half of 2024. However, recovery has recently fallen from

API CEO pens letter to Trump outlining critical factors for American energy success

November 19, 2024

(World Oil) – Today in Newsweek, API President and CEO Mike Sommers outlines how the next administration and new Congress can advance commonsense energy policies that work for all Americans. Strength in leadership, homegrown production and upholding consumer choice are among his top points to consider. Dear President-elect Trump: “There were many surprises in the 2024 election. But one thing

Climate financing disputes overshadow key issues at COP29

November 19, 2024

(Oil Price) – Hopes at COP29 in Baku for a breakthrough on climate financing are fading fast, fueling frustration that the United Nations’ framework for addressing global warming is dysfunctional. Non-governmental organization participants are complaining about being sidelined, while governmental representatives are perceived to be dithering. Some insiders report that haggling over funding is preoccupying governmental participants, preventing them from addressing

Oil steadies as Sverdrup field restart counters geopolitical concerns

November 19, 2024

(Investing) – LONDON -Oil prices steadied on Tuesday as the restart of production at Norway’s Johan Sverdrup oilfield offset investor concerns about an escalation in the Russia-Ukraine war. Equinor resumed partial production from the North Sea oilfield, Western Europe’s largest, after a power outage there helped lift oil prices by over 3% on Monday. Brent crude futures were down 12 cents, or

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