Reuters/Frankfurt European Central Bank President Mario Draghi acknowledged yesterday that economic growth in the eurozone was likely to be weaker than earlier expected due to the fall-out from factors ranging from China’s…
Siberian LNG is unexpected rival for Gazprom in key EU markets
Bloomberg/London Russia’s two biggest natural gas producers have for years competed only at home, but that rivalry has unexpectedly spilled into Europe. Instead of shipping liquefied natural gas to Asia from a…
US oil just a few years from eclipsing its two largest rivals combined
The world’s biggest petroleum producer isn’t far from pumping more than its two largest rivals combined. By 2025, the US will produce more than 24mn bpd of crude, condensate and natural-gas liquids,…
UN chief: We are losing race on climate change
AFP/Davos The world is “losing the race” against climate change, UN chief Antonio Guterres warned yesterday, demanding bolder action from governments to arrest runaway warming. Guterres delivered a no-holds-barred appraisal to business…
All Together Now: ‘Shukran, Qatar’ (Again)
The Amir of Qatar HH Sheikh Tamim bin Hamad al Thani was in Lebanon only for a few hours over the weekend, but the impact of his visit will last far longer–…
Even more LNG set for Europe? Gas market is already under pressure
Bloomberg/London Europe’s natural gas market is tanking and it’s hard to see why prices should stop falling now. Storage levels are above average for the time of year because of the mild…
News Oil Majors Chevron, Total, and Reliance Join Blockchain Venture
Oil majors Chevron Corp, Total SA and Reliance Industries Ltd are investing in blockchain- backed digital trading platform Vakt Holdings Ltd, signaling more industry buy-in for the technology. The addition of the…
Halliburton posts flat revenues at $5.94bn as N America lags January 22 2019 11:00 PM
Shares of oilfield firm Halliburton Co fell sharply yesterday after the company forecast lower revenues in key business areas next quarter, overshadowing a quarterly profit beat and a pledge to reduce 2019…
Future is for LNG as derivatives trading takes off
Bloomberg/Singapore With natural gas demand growing faster than for any other fossil fuel, LNG futures may be finally taking off. Derivatives represented about 2% of global LNG production at the beginning of…
Athens Energy Forum 2019: January 28-29, 2019
MONDAY, JANUARY 28 | DAY 1 11.30 REGISTRATION 12.00 WELCOME REMARKS Achilles Tsaltas, Vice President, International Conferences, The New York Times 12.05 OPENING ADDRESS George Stathakis, Minister of Energy and Environment, Greece…