- + US power sector natural gas demand sets another record in Q1, remains strong in April—US power sector natural gas demand set another record in the first quarter and has remained higher year over year into April, although it could come u...
- + US policy on Venezuela sanctions could leave room for trade, political change—The US decision to snap back broad oil and natural gas sanctions in Venezuela while explicitly keeping the door open for company-specific licenses is ...
- + Updated transit levels at Panama Canal don't faze LNG shippers—Despite a recent announcement that the Panama Canal Authority is set to add a slot for daily transits through the canal's Neopanamax locks, US LNG shi...
- + Escalating tensions in the Middle East may disrupt global LPG flows—Heightened tensions in the Middle East and tighter Iranian sanctions could affect LPG supply, threatening Iranian exports while ongoing OPEC+ cuts sho...
- + Kazakh onshore oil production hit by floods, major fields unaffected: reports—Flooding in western Kazakhstan has led to a halt in onshore oil production in two provinces, with a particular impact on Chinese-Kazakh joint venture ...
- + CAISO sets back-to-back solar peak records in April; power spot prices plunge—The California Independent System Operator has set back-to-back solar peak records so far in April, pulling down spot prices into single digit territo...
- + US will not renew oil and gas sanctions relief for Venezuela amid election concerns—The United States announced April 17 that it will snap back sanctions on Venezuela's oil and gas sector with a 45-day window to wind down operations, ...
- + EU can reach 90% stock level by end-summer in all demand scenarios: ENTSOG—The EU would be able to rebuild stocks to 90% of capacity -- or even 100% -- this summer under all demand scenarios given the high starting point of s...
- + BP starts up first new ACG oil platform in 10 years off Azerbaijan—BP and its partners have launched output from the first new production platform to come on stream in a decade at Azerbaijan's flagship ACG oil field c...
- + Pakistan expected to clear Turkmen gas pipeline by end of Q2 2024—Pakistan, one of four partners in the Turkmenistan-Afghanistan-Pakistan-India natural gas pipeline project, is expected to get final approvals by the ...
- + Chilly spring weather to keep US gas storage surplus in retreat—Market analysts expect net injections to US natural gas storage nearly doubled in the second week of April but could still undershoot the five-year av...
- + Duke Energy sees a need for incremental gas-fired power to meet demand growth: CEO—An all-the-above approach to US energy resources that includes traditional nuclear power and small modular reactors will be critical to achieving an e...
- + Negotiations with the US to renew oil and gas sanctions relief license have failed: Venezuela officials—A few hours before the expiration of a temporary oil and gas sanctions relief license, the governments of Venezuela and the United States continue to ...
- + Industry working towards generating carbon credits from hydrogen, SAF, direct air capture: report—The lack of methodologies to generate carbon credits from clean energy technologies like low-emissions hydrogen, sustainable aviation fuels (SAF) and ...
- + US to help Iraq reduce gas flaring, lower dependence on Iranian energy imports—The US has signed two agreements to help Iraq reduce its highly polluting and wasteful gas flaring, the countries announced late April 15 during Prime...
- + Interactive: The Platts Benchmark Heatmap—The price wall visualizes 258 of the most important price benchmarks assessed by Platts across various commodities from crude through to chemicals, LN...
- + Italian renewables output climbs 29% in March, self-consumption hits record—Italian renewable power generation increased 29% year on year in March to 9.2 TWh, jumping from 37% to 52% of the monthly domestic supply stack over t...
- + Texas power burn records likely to extend into summer on low gas prices—Natural gas-fired power burn demand will likely see another record-setting summer in Texas this year as historically low gas prices sustain an ongoing...
- + Philippines First Gen awards LNG tender to CNOOC trading unit—The Philippines' First Gen Corporation, or FGEN, said April 15 that it has awarded its LNG buy tender to CNOOC Gas and Power Trading & Marketing. ...
- + Asia's refiners reassess crude slate to fit more Americas, Africa barrels as Middle East tensions escalate—Asian refiners are poised to reassess and possibly update their 2024 crude slate plan as tensions in the Middle East continue to escalate, with variou...
- + OIL FUTURES: Prices edge higher following Iranian drone attack on Israel—Crude futures opened with a brief spike April 14 following news of an Iranian drone attack on Israel, but quickly slipped back to unchanged territory ...
- + LME, CME block trade of Russian aluminum, copper, nickel: UK govt—The London Metal Exchange and Chicago Mercantile Exchange have blocked the trade of aluminum, copper and nickel produced by Russia, the UK government ...
- + Iran drone attack on Israel raises regional concerns for oil market—Iran launched a barrage of drones at Israel, officials said April 13, in a significant escalation of tensions in the oil and gas rich Middle East, aft...
- + US Interior raises costs of oil, gas production on federal lands—The US Department of the Interior will raise the prices it charges companies to produce oil and natural gas on federal lands for the first time in dec...
- + South Korea elections positive for LNG, renewables; bad for coal, nuclear—The opposition victory in South Korea's general elections this week could pave the way for more LNG and renewables in the country's energy mix, faster...
- + ExxonMobil-led Guyana group OKs 6th oil development in offshore Stabroek Block—Operator ExxonMobil and its offshore Guyana Stabroek Block partners have greenlighted Whiptail, the block's sixth oil development, after receiving req...
- + West Med LNG prices rally versus Dutch TTF amid increasing buyer competition—The LNG spread in the West Mediterranean firmed against the Dutch TTF pipeline natural gas price as increasing competition for LNG cargoes kept discou...
- + Joint 13-state lawsuit aims to reverse US DOE ruling on EV fuel efficiency calculations—A new rule aiming to incentivize electric vehicle manufacturing "overstates" the fuel efficiency of EVs, according to a new joint lawsuit from 13 stat...
- + Atlantic LNG prices jump on Freeport outage, Ukraine attack—Supply concerns gave a jolt to the Atlantic LNG prices April 11, as the market remained vigilant to an outage at Freeport LNG and attacks in Ukraine. ...
- + European Parliament approves new gas package, allows Russian gas restrictions—The European Parliament on April 11 voted through a new gas package designed to facilitate the uptake of renewable and low-carbon gases and to give me...
- + Suntory, Tokyo Gas use 100% hydrogen for direct-fired whisky distillation trial at Yamazaki—Japan's Suntory Spirits said April 11 it has succeeded together with Tokyo Gas Engineering Solutions in the world's first direct-fired distillation tr...
- + Upstream push in India, China gathers steam, but growth paths seen diverging—India and China are accelerating their upstream push to ensure energy security at a time when geopolitical turbulence and clean fuel drive are alterin...
- + Geopolitical risks pushing East Med LNG to track Italian PSV dynamics—With ongoing global geopolitical risks persisting into the second quarter of the year, the East Mediterranean LNG marker has been tracking trends seen...
- + INTERVIEW: German steel decarbonization under pressure amid weak economy: WV Stahl—The successful path to decarbonization of steel output in Europe's largest producer, Germany, is under threat amid a prolonged recession in the countr...
- + Feature: New Libyan oil minister expected to unfreeze key projects, but political risks remain—The suspension of Libyan Oil Minister Mohamed Aoun and the appointment of his well-connected deputy could unblock major hydrocarbons projects, but als...
- + Europe is set to continue to rely on Russian LNG in short term—More than two years after Russia launched its invasion on Ukraine, natural gas pipeline imports from the country to Europe dropped significantly below...
- + French gas grid operators call for continued gas savings this summer—French gas grid operators GRTgaz and Terega have called for continued gas savings this summer to help refill storage sites ahead of next winter. In th...
- + US capital to flow back to WCSB as oil, NGLs, gas producers add new output—New market access, strong profitability and higher commodity prices will result in the return of US capital to the Western Canadian Sedimentary Basin ...
- + Ambitious CCS project may dent strong ACCU demand expected from Santos' Barossa gas field—Santos' Barossa gas project is expected to generate significant demand for local carbon credits under Australia's reformed emissions compliance scheme...
- + NWE LNG forward curve climbs to multimonth highs—The Northwest European LNG forward curve, which prices 11 months out, has risen steadily over the past month-and-a-half with values for most months pu...
- + Germany's SEFE LNG deal with Oman likely includes linkage to gas hub price—German state-owned gas trader SEFE's sales and purchase agreement with Oman LNG for the supply of 400,000 mt/year of LNG over 2026-2029 likely include...
- + CPC Blend oil loadings halted for planned maintenance, resuming April 11: operator—Loadings of the mainly Kazakh CPC Blend crude grade have been halted at the Novorossiisk marine terminal off Russia's Black Sea coast to facilitate pl...
- + ADNOC Gas aiming to desulfurize LNG output from projects by 2026: sources—ADNOC Gas, a unit of Abu Dhabi National Oil Co., is working on a desulphurization project to reduce the total sulfur content in its LNG production to ...
- + Massive fuel restrictions underline Japan's LNG supply vulnerability—Recent massive-scale fuel restrictions at JERA's multiple thermal power plants in Tokyo Bay have underlined Japan's vulnerability once again in facing...
- + US plans 'steady drumbeat' of sanctions crackdown to hit Russian oil revenues: official—The US plans to continue sanctioning more oil tankers to ramp up enforcement of the G7's so-called 'price cap' on Russian oil exports which has been s...
- + Norway's Okea takes FID on Brasse oil find in boost for Oseberg flows—Norwegian independent energy company Okea and partner DNO have taken a final investment decision on an oil tie-in project known as Brasse they hope to...
- + Underwhelming winter period spells disappointment for European heating markets—After another underwhelming heating season, Europe has entered its restocking phase with heating commodities still haunted by the bears of the market ...
- + ATLANTIC LNG: Key market indicators April 8-12—LNG markets have been seeing some support with the gas injection season in full swing as European buyers bid to attract cargoes away from Asia. Platts...
- + Russia removes extra export duty for some petrochemical products, feedstocks—The Russian government has removed the extra Rb50,000/mt ($541.7/mt) export duty for some petrochemical products and feedstocks for the petrochemical ...
- + US Supreme Court decision on deference could impact oil, gas policies: experts—The US Supreme Court will soon decide whether to limit the discretion given to agency regulations, and a decision to scale back or do away with so-cal...
- + 690-mile greenfield Permian-to-Louisiana natural gas pipeline targets 2028 start—The developer of a 2 Bcf/d interstate pipeline project to transport "liquids-rich" Permian natural gas to the Louisiana Gulf Coast has requested to in...
- + Asian LNG markets pin hopes on summer demand uptick as buyers remain price-sensitive—Asia LNG market participants have turned their focus to upcoming summer demand following the end of the peak heating season, with temperatures and pri...
- + South Korea-Malaysia FTA talks ignite hopes for lower crude, naphtha, gasoline trade costs—South Korean and Malaysian oil traders and marketers are hopeful that a successful outcome of the Free Trade Agreement talks between Seoul and Kuala L...
- + Three carbon credit standards obtain high-quality CCP labels, governance body says—Carbon crediting programs with only a 29% share of the market have so far met the criterion set out in its high-quality Core Carbon Principles labels,...
- + US Northwest hydropower outlook remains weak after a dry, warm March—Dry, warm weather across the Pacific Northwest in March caused meltoffs in mid- to lower snow elevations, which led to declines in the water-supply fo...
- + Former officials urge US to restore sanctions if Venezuelan opposition candidate remains barred—Twenty former United States officials urged the Biden administration to reimpose sanctions on Venezuela if the current regime fails to live up to its ...
- + Instability, extremism threaten coastal West African oil belt—Insecurity and extremism in the coup-plagued Sahel risk destabilizing West African coastal states, which will soon be responsible for almost 500,000 b...
- + EU gas use dropped to 295 Bcm in 2023 on demand reduction efforts: Simson—EU gas consumption fell to 295 Bcm in 2023 thanks to the build-out of renewable power generation, gas demand reduction efforts and increased energy ef...
- + Emissions under EU ETS plummet in 2023 on renewables boost—Regulated CO2 emissions from power plants and factories under the EU Emissions Trading System in 2023 fell 15.5% from 2022, the steepest decline since...
- + Appalachia gas production slowdown lifts cash basis as summer spreads lag—The slowdown in Appalachian gas production this spring is already easing pressure on cash basis prices. This summer though, traders are betting on wid...
- + Industry seeks to compel DOE action as House speaker mulls LNG pause reversal—As US House leadership mulls tucking LNG export language into a deal on a Ukraine funding package, US LNG industry officials are urging an approach th...
- + Egypt commences summer LNG procurement with two trades for prompt deliveries: sources—Egypt has begun importing summer LNG cargoes, as the country battles with natural gas production declines, heightened summer demand and risks surround...
- + LNG futures traded volumes in Q1 reach multiyear high—Total traded volumes in the JKM LNG derivatives market on the Intercontinental Exchange reached a multiyear high in the first quarter of 2024, accordi...
- + Taipower shuts at least four gas-, coal-fired power generation units due to earthquake: sources—Taiwan's largest power utility Taipower has temporarily shut at least four power generation units with a capacity of around 2,400 MW for damage assess...
- + Alaska North Slope crude output steady as work underway on new projects—Alaska North Slope production held steady in March at 479,867 b/d on average compared with February's average of 480,069 b/d, according to Alaska Depa...
- + Trader Trafigura agrees loan facilities for LNG supply to Japanese utility—Global trader Trafigura said April 2 it had signed a loan agreement totaling $560 million to secure LNG supplies for an unspecified Japanese utility. ...
- + Italy offers to increase capacity market payouts from 2025—Italy's power and gas regulator Arera has raised maximum payments in capacity auctions for 2025 through 2027 to Eur81,000/MW for new capacity, it said...
- + Premiums for Florida refined product prices revert to norms as supply competition recedes—Premiums for delivered refined products into Florida returned to their norms April 1 after a winter hovering near historical highs, when the populous ...
- + US Upper Midwest, New England gas markets tighten ahead of wintry blast—Wintry weather forecast for the Northern Great Lakes and New England in the first week of April could offer the region's gas markets much-needed suppo...
- + US BOEM to consider entire Gulf of Mexico program area for offshore oil, gas leasing—The US Bureau of Ocean Energy Management recommended consideration of all available blocks within the Gulf of Mexico for lease sale planning and furth...
- + QatarEnergy bolsters LNG fleet with 19 new ships—QatarEnergy has signed new contracts with international companies to operate 19 more LNG vessels, bringing to 104 ships being added to the company's f...
As of 4/19/24 5:28pm. Last new 4/19/24 5:11am. Score: 382
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