As of June 3, 2022, pipeline companies completed two crude oil pipeline projects in the United States, according to our recently updated Liquids Pipeline Projects Database. No new hydrocarbon gas liquids or petroleum product pipeline projects were completed in the first five months of 2022. The...
It’s either this or that. With the debate over road travel growing as gasoline sells at around $5 a gallon, oil bulls have turned their attention to summer flights as refining margins for jet fuel hit all-time highs. New York-traded West Texas Intermediate, the benchmark for U.S. crude, settled up...
Argentina’s output of oil and gas from shale rose to record levels in May, the government said on Tuesday, bolstering hopes that its massive Vaca Muerta shale formation can help reverse a costly energy deficit that has strained public coffers. Unconventional oil production averaged approximately...
Top African oil producers Nigeria and Angola are unlikely to meet current OPEC output quotas for at least another year as persistent underinvestment and maintenance issues have crippled energy facilities, according to the International Energy Agency. Nigeria, the region’s largest producer, has seen production plunge to its lowest level in more than 30 years to …
The post Nigeria, Angola won’t meet OPEC output quotas for at least another year: IEA first appeared on Hellenic Shipping News Worldwide
Rising inflation and borrowing costs, Russia’s invasion of Ukraine, supply chain problems and policy confusion are all holding back new investment in upstream oil and gas at a time when the world needs it most, the Secretary General of the International Energy Forum (IEF) warned today. Joseph...
Oil prices tumbled by more than $6 a barrel on Wednesday amid a push by U.S. President Joe Biden to cut fuel costs for drivers in the latest episode to aggravate relations between the White House and the U.S. oil industry. Brent crude futures were down $5.10, or 4.5%, to $109.55 a barrel while U.S....
China is expected to lead the global liquefied natural gas (LNG) regasification capacity additions between 2022 and 2026, contributing 26% of the total LNG liquefaction capacity additions, forecasts GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘LNG Regasification Terminals Capacity and Capital Expenditure (CapEx) Forecast by Region, Countries and Companies including details of …
The post China to continue to spearhead global LNG liquefaction capacity additions...
Several European countries are putting plans in place to manage gas supply and even ration power in case Russian gas flows stop after supply through the Nord Stream 1 pipeline were curtailed. Russian gas supply to Europe via the pipeline fell last week and Moscow said more delays in repairs could...
https://www.hellenicshippingnews.com/european-measures-in-case-russian-gas-supply-stops/
It defies logic that one of the world’s biggest exporters of liquefied natural gas (LNG) and coal is struggling to ensure enough domestic supplies to keep the lights on, but that is Australia’s current reality. Widespread power blackouts have so far been avoided in the country’s National...
Energy The oil market continues to be driven by external influences, reflecting the lack of fresh fundamental catalysts. Oil prices have resumed their sell-off in early morning trading today. A more aggressive approach from the US Fed, in order to try rein in inflation has not helped, with it...
https://www.hellenicshippingnews.com/the-commodities-feed-copper-supply-risks/