Pietro D
Pitts
Hart Energy
Canadian Government Orders Arbitration, Ending Rail Strike
The rail workers’ union agreed to return to work but is threatening to appeal the court ruling forcing work to continue.
EIA: Natural Gas Prices to Increase in November
Crude prices will strengthen through 2024 before falling in 2025 due to lower liquid fuels consumption, particularly in China, the U.S. Energy Information Administration reported.
NextDecade CEO: LNG Ruling Risks Viability of All FERC Projects
NextDecade Chairman and CEO Matt Schatzman said an Aug. 6 ruling by the U.S. Court of Appeals for the D.C. Circuit to vacate its FERC permit has “far-reaching implications” that could undercut capital investment in LNG projects.
Tesla to Pause Plans for a Mexican Plant, Impacting Mexico's Nearshoring Appeal
Tesla, which announced plans in 2023 to build a $5 billion gigafactory in northern Mexico, is now pausing development activities until after the U.S. presidential election, its CEO Elon Musk said during the EV maker’s second quarter 2024 webcast.
Freeport LNG’s Slow Restart Stokes Concern Over Supply Risk
The 15-mtpa Freeport LNG facility remains under the spotlight of the global market as it slowly resumes operations after pausing ahead of Hurricane Beryl’s arrival along the U.S. Gulf Coast.
Pemex Reduces Fuel Thefts as US-Mexico Energy Trade Value Dips
Mexico, the largest export market for U.S. petroleum products, expects to lessen its foreign fuel dependence as its builds a new $16 billion refinery.
OPEC+ Brings Oil Overproduction Under Heel—Rystad
After years of noncompliance and underreporting of actual crude production, many OPEC+ members are voluntarily reducing output beyond set goals, according to analysis by Rystad Energy.
What's Affecting Oil Prices This Week? (July 15, 2024)
Stratas Advisors expects economic news to put some downward pressure on oil prices during the upcoming week.
Paisie: OPEC+ Will Be Able to Manage Prices
Disappointing economic news has contributed to a drop in oil prices.
US Senate Committee Probes Oil Producers on Price Collusion with OPEC
The producers the committee is probing include Exxon Mobil, Chevron, ConocoPhillips and 14 others.