Global Markets: The LNG wave is on the way
Liquefaction ramp-ups and a slowing rate of Chinese demand growth finally deliver the oft-anticipated supply glut.
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Industry Analysis: The Impending Endgame In Oil Markets
U.S. president Trump is facing strong internal pressure to punish Saudi Arabia in the coming days.
Read MoreMarkets: OPEC Warns of Threats to Oil Supply
(Bloomberg) — The Organization of Petroleum Exporting Countries is concerned by threats to crude supply from large producers such as Iran, the group’s top official said.
Read MoreGlobal Oil & Gas: World’s LNG Giant Is Pumping $20 Billion Into US Oil, Gas
(Bloomberg) — Qatar Petroleum, the world’s biggest seller of liquefied natural gas, is looking to get even larger, investing $20 billion in America’s oil and gas fields at a time when rival U.S. exporters are expanding.
Read MoreGlobal Markets: U.S. asks for 1 mb/d from OPEC
According to Bloomberg, the U.S. government has asked Saudi Arabia to boost oil production by 1 million barrels per day.
Read MoreAfrica Oil & Gas: Angola’s Sonangol partners US company to provide services to the oil industry
Tidewater Marine, a US company that owns and operates one of the largest fleets supporting the oil industry, has partnered with Sociedade Nacional de Combustíveis de Angola (Sonangol) to set up an Angolan company under an investment project recently approved by the Angolan government.
Read MoreGlobal Markets: Congo set to overtake US as world’s no 4 copper producer
The likes of Glencore, Randgold, Zijin, China Moly and Ivanhoe appear to have been blindsided by Congo’s determination to push through a new mining code that substantially increases the cost of doing business in the central African nation.
Read MoreGlobal Markets: IEA Sees US Oil Output Surge Stealing OPEC Share In Next 5 Years
U.S. shale oil output is set to surge over the next five years stealing market share from OPEC producers and moving the United States, once the world’s top oil importer, closer to self sufficiency, the International Energy Agency said on Monday. A landmark deal in 2017 between OPEC and rivals including Russia to curb output to reduce global oversupply materially improved the outlook for other producers as prices rose sharply throughout the year, the IEA…
Read MoreGlobal Renewables: China flooded U.S. with solar panels in late 2017
Ahead of expected tariffs from the Trump administration on foreign solar panels, a wave of solar panels flooded into the U.S. in the fourth quarter, according to Bloomberg New Energy Finance, much of it from China, but also from Mexico and Canada.
Read MoreGlobal Oil & Gas Outlook: Prices to Remain Stable in 2018
At the end of 2016, all eyes were on OPEC, which had signed a historic deal to curb oil production in an effort to rebalance the market. The deal sent oil prices climbing in 2017, and they reached a two-year high in Q4. However, gains were limited due to an increase in US shale production.
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