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OPEC+ Has Oil Price and Demand Problems. It Should Solve Demand
OPEC+ has two problems and two solutions.The first problem is that crude oil prices are too low for the comfort of most of the members of the group, which pulls together the Organization of the Petroleum Exporting Countries (OPEC) and its allies including Russia.The second issue is…
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Germany Preps for More FSRU Vessels
Germany is expanding its natural gas import options to replace Russian supply. Following are updates on key facilities and terminals being developed to host floating storage regasification units (FSRUs) to receive seaborne liquefied natural gas (LNG). Plans also include shore-based…
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No Subsidies, No Bids: Denmark Largest Offshore Wind Tender Falls Flat
In the wake of Donald Trump's election as U.S. President, all eyes have been trained on the U.S. Offshore Wind market and future, with his promise to stifle the U.S. Offshore Wind market in favor of oil and gas. But a recent lackluster performance from a leading Scandinavian country…
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OPEC+ Passes on Oil Output Increase, Weighs the "Trump Effect"
It was likely a fairly easy decision for OPEC+ to once again delay plans to increase oil output.The soft state of global demand is by itself sufficient reason to justify the decision at this week's meeting of the group to defer winding back some of its production cuts until at least…
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Alaska sues Biden Administration over ANWR Leases
The U.S. state of Alaska has sued the Biden administration for what it calls violations of a Congressional directive to allow oil and gas development in a portion of the federal Arctic National Wildlife Refuge (ANWR).Monday's lawsuit in the U.S. District Court in Alaska challenges…
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US LNG Export Dominance Tested as Europe's Demand Wilts
The United States has remained the largest exporter of liquefied natural gas (LNG) so far in 2024, but a steep drop in selling…
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How Trump will try to undo Biden's environmental legacy
Donald Trump, the presidential hopeful, has outlined an energy policy that focuses on maximizing U.S. power and fuel output.
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Developments in Clean Hydrogen Production
The recent release of proposed regulations to the Clean Hydrogen Production Credit by the U.S. Department of the Treasury…
Latest news
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Huafu fashion is among 37 Chinese companies that the US has banned imports of due to forced labor by Uyghurs.
The Department of Homeland Security announced on Tuesday that the United States had banned imports of 37 companies from China…
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Congo seeks Saudi mining investors to curb China's dominance
Marcellin Paluku is a senior government official who told the media that the Democratic Republic of Congo (DRC), which is…
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Sandu, the leader of Moldova's separatist area, has said that he travelled to Moscow in response to the gas crisis.
Transdniestria's leader has been to Moscow after the Russian gas supply via Ukraine was suspended, said the President of Moldova on Tuesday.
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Thyssenkrupp's $3 billion green steel plan is not entirely dependent on hydrogen
Thyssenkrupp has said that a green steel plant worth 3 billion euros could still be built even if the government's ambitions…
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Norway awards 53 stakes to the latest offshore oil and gas exploration round
Norway's Energy Minister said that in the annual licensing round held on Tuesday, 20 companies received stakes in 53 offshore…
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Lavrov, Russian Foreign Minister, says that Moscow is in touch with Serbia about ownership of NIS oil company
Sergei Lavrov, the Russian Foreign Minister, said that Moscow had been in touch with "Serbian Friends" regarding the fate of Serbian Oil Company NIS.
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What we know about Trump’s executive orders following his swearing-in
Donald Trump will issue a series of executive orders and directions after his inauguration as U.S. President on Monday to…
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Prices of Euro GAS are falling due to profit-taking
On Tuesday morning, Dutch and British wholesale prices for gas fell slightly after a rise of around 7% the previous day.
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Spots at one-month's highs on German solar, wind downturn
The European prompt electricity prices on Tuesday rose to their highest level for four weeks, mainly due to the expected…
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New York Times Business News - January 14
These are the most popular stories from the New York Times' business pages. These stories have not been verified and we cannot vouch their accuracy.
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Data shows that LNG vessels are due to load at sanctioned Russian Terminals and head for Europe and Asia
Shiptracking data revealed on Tuesday that the LNG vessels scheduled to load at two recently sanctioned Russian export facilities…
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Sovcomflot, a Russian airline, says that new U.S. Sanctions create operational difficulties
Sovcomflot - the largest Russian tanker company - said that the new U.S. Sanctions would cause additional operational difficulties.
Offshore Oil & Gas
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BOEM Advances Offshore Wind Leasing in Guam
In support of the current administration’s goals to deploy 30 gigawatts (GW) of offshore wind energy capacity by 2030 and…
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Oil Rises on China Stimulus Hopes, US Inventory Drop
Oil rose almost 1% on Thursday in thin holiday trade driven by hopes for additional fiscal stimulus in China, the world's biggest oil importer…
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ABS, Akselos Sign Floating Wind MOU
ABS and Akselos have signed a Memorandum of Understanding (MoU) to advance engineering and certification processes for floating…
Shale Oil & Gas
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Document shows that ten EU countries have called for sanctions against Russian LNG and gas
A document obtained by revealed that ten European Union nations have asked the 27-nation group to ban the imports of gas from Russia.
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Sources say that EU plans to allow gas price cap to expire
EU diplomats have said that the European Union will let its gas cap expire at the scheduled time of the month. This is a…
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US natgas flow to Freeport LNG Export Plant in Texas reduced – LSEG data
According to data provided by financial firm LSEG, the amount of natural gases flowing to Freeport LNG’s Texas export plant…
LNG
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Germany's Wilhelmshaven Terminal offers May LNG Capacity
Deutsche Energy Terminal (DET) said on Thursday that Germany's Wilhelmshaven liquefied natural gas terminal intends to market…
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US LNG Rises 2% on LNG Plant Volume Data
U.S. natural gas futures climbed about 2% on Wednesday on rising flows to the nation's liquefied natural gas (LNG) export…
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USDoE: LNG Reviews must await EIA's
The U.S. Department of Energy announced on Tuesday that it will not be able to finish reviews of two projects for liquefied…
Renewables
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Suedzucker reports third-quarter losses on a weak sugar market
Suedzucker, Europe's biggest sugar producer, posted an operating loss on Tuesday. Its core sugar sector was in the red due…
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After a 2-session rally, VEGOILS - Palm trades lower as profit booking occurs
Malaysian palm futures fell on Tuesday, as investors took profits after two sessions with sharp gains due to lower palm oil…
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Palm ends stronger on soyoil at Dalian, Chicago
Malaysian palm futures closed higher Monday, following the strength of rival soyoil markets in Dalian and Chicago. The benchmark…
Technology
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Alphabet Winds Down Makani
Alphabet, Google's parent company, announced that it is calling it quits on its efforts to build and monetize its Makani…
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CMA CGM Joins Energy Observer in Hydrogen Project
French shipping giant CMA CGM is joining forces with Energy Observer within a project focusing on testing the potential of…
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Toshiba Delivers Fuel Cell System to Ship
The provider of energy industry solutions Toshiba Energy Systems & Solutions Corporation (Toshiba ESS) announced that the…
Legislation
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Additional Sanctions Possible for Russian Oil tankers
The Biden administration plans to impose more sanctions on Russia over its war on Ukraine, taking aim at its oil revenues…
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PDVSA 2024 Oil Exports Climb in Choppy Year
Venezuela's oil exports rose 10.5% last year despite political instability and changes to the U.S. sanctions regime on the country…
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Iranian Oil Prices to China Spike as Shipping Sanctions Bite
The price of Iranian crude oil sold to China has risen to the highest in years as fresh U.S. sanctions have tightened shipping…
