(Oil Price) – Spare oil production capacity at the highest quartile in history is weighing on Brent crude prices, and time spreads have looked undervalued since the summer, according to Goldman Sachs. The expectations for a large surplus next year are also likely weighing on the deferred time spreads, the investment bank said in a recent note. “Nevertheless, we believe neither currently
(World Oil) – I’ve said for years that African energy is a vital investment. Backers clearly agree — to the tune of USD47 billion. That’s how much capital expenditure (capex) 2024 saw in African oil and gas, showing a 23% increase from last year. Better yet, we expect growth to continue through the end of the decade. This capex activity
(Oil Price) – The United States will remain the world’s largest LNG exporter in 2024 ahead of Qatar and Australia as America’s liquefied natural gas shipments are set to increase to a new record high from the previous all-time high of 2023. The United States is on track to export a total of 86.9 million metric tons of LNG this year,
(Investing) – HOUSTON – A U.S. judge overseeing an auction of shares in the parent of Venezuela-owned Citgo Petroleum on Monday agreed to reopen a data room to allow potential buyers to prepare new bids, a court document showed. Judge Leonard Stark ordered the data room to be opened on Wednesday after listening to creditors in the case urge a new
(Oil Price) – Equinor has made an oil and gas discovery next to the giant Troll field in the North Sea and will continue to explore the area for further potential resources close to existing infrastructure. The discovery, provisionally named Ringand, is currently estimated to contain between 2 and 12 million barrels of oil equivalent and is only 10 miles (17
CALGARY, Alberta, Dec. 17, 2024 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc . (“Gran …
(Investing) – WASHINGTON – The U.S. Department of Energy has zeroed in on three regions of the country it has determined are in major need of new electric transmission infrastructure and eligible for future federal funding, it announced on Monday. The DOE selected Lake Erie-Canada, including parts of Lake Erie and Pennsylvania; the Southwestern Grid Connector, including parts of Colorado, New
2024-11-25 08:48:07 ET The Organization of the Petroleum Exporting Countries and allies…
2024-11-25 10:24:29 ET According to multiple media reports, the OPEC+ cartel will hold its …
2024-11-27 04:05:46 ET Oil prices rose on Wednesday as investors assessed the impact of…
2024-11-28 02:38:35 ET Crude oil inventories in the US fell more than expected in the w…
2024-11-29 08:58:50 ET Crude oil demand in China has been a hot topic of discussion for…
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