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HomeEnergyNews

EnergyNews

China
EnergyNews

China’s Economic Recovery May Keep Natural Gas Market Tight in 2023, Top Exporter Says

January 25, 2023 Mariel Alumit

​China’s economic recovery could keep the natural gas market tight this year, said Australia’s biggest exporter. The real impact of Beijing’s exit from Covid Zero is yet to be seen, said Meg O’Neill, chief executive […]

EnergyNews

What Are the Relevant Macro Trends for 2023 and Why (Part 2) – Geoffrey Cann

January 25, 2023 Mariel Alumit

By Geoffrey Cann At the dawn of a new year, it’s helpful to check in on the bigger trends affecting the global energy industry. Keep this post handy as you get into longer term planning […]

Crude Oil News

Oil Steady as Rebound in China Weighs Against Recession Fears

January 25, 2023 Mariel Alumit

​Oil held steady as investors weighed the extent of China’s demand recovery and fears a global slowdown with drag down consumption. West Texas Intermediate futures were $80 a barrel after declining 1.8% on Tuesday as […]

Electric Vehicles

Tesla Invests $3.6 Billion in Nevada Battery, Truck Capacity

January 25, 2023 Mariel Alumit

Tesla Inc. is investing $3.6 billion in two new factories to build electric vehicle batteries and its all-electric Semi heavy-duty truck near an existing production site in Reno, Nevada.The new battery facility will make Tesla’s […]

forecasts
EnergyNews

U.S. natgas futures drop 5% to 19-month low on less cold forecasts

January 25, 2023 Mariel Alumit

That price drop came despite bullish forecasts calling for more gas demand this week than previously expected and a drop in output over the past couple of days as cold weather freezes wells in some […]

U.S.
EnergyNews

U.S. natgas steady as forecasts for lower demand offset output drop

January 25, 2023 Mariel Alumit

U.S. natural gas futures were little changed on Tuesday as bearish forecasts for less heating demand over the next two weeks than previously expected offset a bullish drop in output as cold weather starts to […]

Oil
EnergyNews

Oil Steadies as Traders Look to China to Deliver Demand Boost

January 25, 2023 Mariel Alumit

Oil was stable as traders waited for fresh signals on the state of Chinese crude demand after the nation ditched Covid curbs. West Texas Intermediate for March delivery was little changed above $81 a barrel […]

Exxon
EnergyNews

Exxon halts routine gas flaring in the Permian, wants others to follow

January 25, 2023 Mariel Alumit

The largest U.S. oil producer is battling lawsuits that accuse it and other oil companies of contributing to global warming and rising sea levels. At the same time, it has moved to cut its own […]

EnergyNews

U.S. Oil and Gas M and A Hit 17-Year Low; Big Firms Dominate Deals

January 25, 2023 Mariel Alumit

U.S. oil and gas deal-making declined by 13% last year to $58 billion compared to 2021, according to energy technology firm Enverus, with the volume of activity hitting its lowest level since 2005 as buyers […]

​OPEC+
Crude Oil News

OPEC+ Delegates Expect February Panel to Recommend Steady Output

January 25, 2023 Mariel Alumit

​OPEC+ delegates said they expect an advisory committee of ministers to recommend keeping oil production levels unchanged when they meet next week amid a tentative recovery in global demand. Saudi Arabia and its partners will […]

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