Pietro D
Pitts
Hart Energy
What's Affecting Oil Prices This Week? (July 31, 2023)
Stratas Advisors is forecasting oil demand will outstrip supply by 1.24 MMbbl/d in third quarter 2023 and by 1.11 MMbbl/d in the fourth quarter.
Venezuela Must Advance Renewable Developments, Official Says
OPEC member Venezuela has benefited economically over the last century, mainly from producing oil, but as the race to net zero emissions picks up speed, the Caribbean country must now advance natural gas-related and renewable developments such as wind, solar and bioenergy.
Hess Corp. Raises 2023 Production Guidance as Profits Fall
Hess Corporation raised its 2023 production forecast by 4.7% due to strong operational performance as well as the expected early fourth quarter startup of Payara, its third development offshore Guyana.
As China Dominates, Private Capital Vital for US Critical Minerals
Identifying solutions for the critical minerals challenge is a growing point of discussion as the U.S. works to strengthen its supply chain both domestically and abroad.
Venezuela Flares More Gas than Freeport LNG Exports
OPEC’s Venezuela continues to flare over half its natural gas production and burn off more than the output from Houston-based Freeport LNG’s three-train, 15-mtpa export facility, which is about 2.2 Bcf/d, and then some.
Paisie: Oil Price to Zig and Zag Upward
OPEC+ will remain intent on adjusting supply to align with demand.
Column: Energy Transition and e-Mobility in Mexico
Mexico’s most obvious energy transition effort relates to its push to embrace electric mobility, or e-mobility, but the country faces many of the same challenges as markets in North America and Europe.
US OFAC Extends Citgo Protection Until Oct. 2023
The U.S. Office of Foreign Assets Control extended protection to Citgo Petroleum from creditors until the end of October 2023.
Barred Machado Eyes Venezuela Energy Sector Privatization, Debt Restructuring
Venezuela’s leading opposition candidate María Corina Machado plans to privatize the upstream and downstream sectors and restructure the Caribbean country’s debt if elected president in 2024. Her main obstacle: she’s barred from holding public office.
For LNG, 2023 is the New 2014
Recent announcements show it’s no cliché to say that LNG is heating up again.