What's Affecting Oil Prices This Week? (Sept. 23, 2024)
For the upcoming week, oil prices could get a boost from another storm forming in the Gulf of Mexico that could be a hurricane by the evening of Sept. 25 and possibly affect much of the eastern Gulf Coast.
‘Misguided’ Approach to Energy Transition Threatens Energy Security
International Energy Forum Secretary General Joseph McMonigle says a single, linear pathway to the energy transition is “misguided and an outdated approach.”
Hotter Temps Drive Japanese Demand for Spot LNG from US
Above-average temperatures are forecast for most regions of Japan through early October, compelling the country to seek prompt LNG, potentially from the U.S., to cover extended summer-related electricity demand.
US Sanctions Two Tankers Linked to Russian LNG Traffic
The U.S. State Department’s sanctions follow earlier accusations against Russia creating a “ghost fleet” of tankers.
What's Affecting Oil Prices This Week? (Aug. 26, 2024)
For the upcoming week, Stratas Advisors expects that oil prices will move upwards but that the price of Brent crude will not break through $82 without some additional geopolitical disruption.
OPEC Gets Updated Plans From Iraq, Kazakhstan on Overproduction Compensation
OPEC and other producers including Russia, known as OPEC+, have implemented a series of output cuts since late 2022 to support the market.
LNG Tanker Spotted at Restricted Russian Facility— Report
The Russian tanker was spotted at Artic LNG 2, in a region in which the U.S. imposed sanctions in November.
Kissler: US Must Protect the Petrodollar to Defend the Dollar
Rumblings that the petrodollar is dead are likely overstated, but the demise of the long-time practice would have far-reaching implications for the U.S.
IGU: Global Liquefaction Capacity Expected to Grow by 75% by 2030
The International Gas Union (IGU) expects global liquefaction capacity to reach 700 mtpa by 2030, up 75% from 2023, driven by new FIDs and the start-up of other projects under construction.
Gaps in EU's Preparation for Potential Gas Crises, Auditors Say
Despite the EU's overall reliance on Russia dropping significantly, auditors say the EU is insufficiently prepared to weather a future gas crisis.