Bloomberg/Singapore Goldman Sachs Group Inc jacked up its spot LNG forecast after the market was hit by China’s double blow of boosting demand for gas while lifting prices of the fuel’s main…
Woodside eyeing Browse gas project deal in 2020
Reuters/Melbourne Woodside Petroleum Ltd yesterday said it was aiming to bring forward the target date for approving the mammoth Browse gas project off northwest Australia by a year to 2020, with the…
Climate action trumps Trump
By Laura Tyson And Lenny Mendonca /Berkeley Now is not a good time to be a climate-change denier like US President Donald Trump, given all the recent evidence that the atmosphere is…
Philippines edges nearer to China energy deal
Phil·I ppm· es edges nearer to China energy deal China and the Philippines moved closer to a controversial deal on oil and gas development in the South China Sea yesterday in the…
Options trading firm blows up amid natural gas volatility
Accounts managed by Optionsellers.com “had to be liquidated as a result of these moves,” said INTL FCStone, the company’s futures broker. As its name made plain, Optionsellers.com specialised in selling options contracts…
IEA: Too early to tell if Opec+ oil supply reductions will succeed
The International Energy Agency said it’s too early to tell whether oil-supply cuts announced by OPEC and its allies last week will succeed in balancing global markets. Even if the Organization of…
IEA Says OPEC’s Unplanned Supply Losses Could Double Its Cut
OPEC may be about to succeed by accident, again. Unplanned supply losses from members Iran and Venezuela could effectively double the intended cutback of 800,000 barrels a day the cartel pledged last…
Natural gas tries to eke out a future in greener world
Bloomberg/Frankfurt The natural gas industry is trying to up its green credentials as it bids to join electric cars and renewable power plants in a lower-emission future.European energy companies spent years touting…
U.S. Oil Surge Makes Bank of Russia Skeptical on OPEC+ Success
Russia’s central bank is not convinced that OPEC and its allies’ supply cuts can revive the oil market as it’s being countered by surging U.S. production. The Bank of Russia cut its…
Saudi Oil Premium Drops to 15-Year Low as Fuel Profits Crash
Saudi Arabia’s crude pricing in the world’s biggest oil market is reflecting tumbling profits from making cleaner fuels in Asia. State-run Saudi Aramco slashed the premium of its Extra Light grade to…