China
Analysis: China Prioritizes LNG Regasification as European Demand Wanes
Lower European demand is being countered by a growing LNG market in Asia, according to GlobalData research.
What's Affecting Oil Prices This Week? (June 10, 2024)
Stratas Advisors says the latest EIA report illustrates that U.S. production growth has stagnated with U.S. oil production remaining at 13.1 MMbbl/d, which is unchanged from the previous 12 weeks.
Energy Transition in Motion (Week of June 7, 2024)
Here is a look at some of this week’s renewable energy news, including the International Energy Agency’s forecast on clean energy investment reaching $2 trillion this year.
CNOOC Makes Major Discovery in South China Sea
CNOOC said the Lingshui 36-1 gas field has been tested to produce over 10 MMcm/d of open flow natural gas.
E&P Highlights: June 4, 2024
Here’s a roundup of the latest E&P headlines, with new contracts awarded and larger commitments made for oil and gas exploration in South Korea and Australia.
What's Affecting Oil Prices This Week? (June 3, 2024)
For 2024, Stratas Advisors says increasing supply will be more challenging unless U.S. producers start ramping up their capital expenditures and drilling programs beyond their current plans.
OPEC Output Cuts Seen as Bearish by Analysts
WTI and Brent oil prices inched lower as investors weighed extended OPEC+ supply cuts.
OPEC+ Working on Complex Oil Cut Extension Deal for 2024-2025, Sources Say
The OPEC+ deal might include extending some or all of the current voluntary production cuts of 2.2 MMbbl/d.
Calmer Waters May Be Ahead for Oil and Gas, Despite Wild Cards
Looking forward, while supply disruptions remain a possibility, the energy market’s nervousness is easing.
US Weighs Additional Sanction Steps as Russia Shifts War Footing, White House Says
Russia-China trade has dropped since U.S. President Joe Biden had expanded Treasury's ability to target financial institutions, adding authorities may expand further.