World Oil (Bloomberg) – Operators in America’s biggest shale oil basin are set to significantly increase the amount of natural gas they burn into the atmosphere because of a lack of pipeline capacity to ship it elsewhere, according to Rystad Energy. Permian Basin gas production has rebounded more quickly than oil since the pandemic, leaving pipelines effectively maxed out. It
BOE Report U.S. natural gas futures rose in choppy trading on Monday, buoyed by technicals and slightly lower production estimates for the week, although elevated overall output and lower consumption forecasts clouded the outlook. Front-month gas futures NGc1 for October delivery rose 28.6 cents, or 3.6%, to $8.28 per million British thermal units (mmBtu) by 11:17 a.m. EDT (1517 GMT), reversing some
Reuters SINGAPORE/LONDON, Nov 10 – China’s imports of Iranian oil have held above half a million barrels per day on average for the last three months, traders and ship-tracking firms said, as buyers judge that getting crude at cheap prices outweighs any risks from busting U.S. sanctions. Chinese purchases of Iranian crude have continued this year despite the sanctions that,
Reuters BOSTON – Billionaire investor Carl Icahn said on Thursday the energy sector will bounce back one day but shareholders need to be very patient and he is not urging people to buy. Icahn, with stakes in CVR Energy, Cheniere Energy and Occidental Petroleum, said the key to making money is to buy when companies are out of favor.
