Hydrogen and CCUS are expected to see the most significant annual increase in investment
rystad energy
Posted inNews
Texas LNG plant explosion puts added strain on the global energy market: Rystad Energy
Freeport LNG’s exports to Europe account for about 10% of total import volumes into Europe and the region relies heavily on US export volumes which have accounted for approximately 45% of imports since the start of the year
Posted inExploration & Production
Oil rises further on energy supply tightness and arrival of cold weather
Oil prices continue their ascent as the global energy supply crunch intensifies and cold weather starts to add weight on the market
The global energy supply crunch and cold weather in the Northern Hemisphere are helping oil prices continue their stunning rally for yet another week. The crunch is not only limited to main fuels for electricity production such as gas and coal, but also extends to oil supply. While it is still unsure just how transitory […]
Posted inExploration & Production
OPEC+ meeting outcome drives new price rally
It’s that day of the month again and there is so much to take in from the OPEC+ meeting, as prices are rising on its outcome
Most markets participants were expecting OPEC+ to stick to the plan but – amid high prices and a tight supply environment – it appears traders have been cautious, pricing in an element of surprise before the meeting. The decision by OPEC+ to add the expected 400,000 bpd in November triggered a market reaction, as traders […]
Posted inExploration & Production
Oil rises even further on tight global supply
Oil prices continue to rise, with Brent approaching $80 per barrel, as global supply tightness keeps fueling the bullish rally
The rise of oil prices is continuing beyond what even most bullish traders would dream just months ago, and Brent hurtling towards the threshold of $80 per barrel is reflective of the extraordinarily tight crude market. However, upward space for price maneuvering could just as easily be extinguished, either as investors opt for profit taking […]