Conclusion on Oil Price Forecasts for 2024 The consensus among market analysts indicates that oil prices will likely remain elevated for the remainder of 2024, with projections suggesting an average price range for Brent crude […]
Oil prices are on track to post a second weekly gain as bullish sentiment builds and the prospect of a prolonged price rally becomes increasingly likely. Friday, September 20th, 2024 Oil prices are set to […]
Germany’s GDP could stagnate or even decline in the third quarter, Bundesbank has warned The German economy has been shrinking over the past two years and will remain stagnant for the rest of the year […]
Under the heads of terms, Glencore will buy 2 million tonnes per annum of LNG for 20 years from Commonwealth, as well as equivalent natural gas supply from Kimmeridge Texas Gas under a netback agreement […]
The agency said in its weekly report, citing shipping data provided by Bloomberg Finance, that the total capacity of these 27 LNG vessels is 102 Bcf. This compares to 23 shipments and 87 Bcf in the week […]
According to a statement by Uniper, the two firms have extended their long-term gas partnership for the supply of up to 10 billion cubic meters of natural gas over the next 10 years. Under the […]
Moscow has warned against overestimating the significance of measures taken by Washington The White House may escalate sanctions on the Russian energy sector, a senior US official revealed on Thursday. Moscow has said threats and […]
Last week, Atlantic rates continued to decrease. “Spark30S Atlantic rates experienced a weekly increase for the first time in six weeks, rising by $2,000 to $59,750 per day,” Qasim Afghan, Spark’s commercial analyst told LNG Prime on […]
The energy crisis of winter 2021 highlighted significant weaknesses in the retail energy market’s financial resilience. In response, the energy regulator is proposing the Supplier of Last Resort (SoLR) Levy Offset (SLO) as part of […]
BP said that it would be implementing a hiring freeze and pausing new offshore wind farms as it focuses on oil and gas to satisfy investors. British oil company BP is divesting its U.S. onshore […]
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