The Latest

CERAWeek: Energy Secretary Defends LNG Pause Amid Industry Outcry

U.S. Energy Secretary Jennifer Granholm said she expects the review of LNG exports to be in the “rearview mirror” by next year.

Belcher: Our Leaders Should Embrace, Not Vilify, Certified Natural Gas

Recognition gained through gas certification verified by third-party auditors has led natural gas producers and midstream companies to voluntarily comply and often exceed compliance with regulatory requirements, including the EPA methane rule.

Venture Global Acquires Nine LNG-powered Vessels

Venture Global plans to deliver the vessels, which are currently under construction in South Korea, starting later this year.

CERAWeek: US Aims to Return Emergency Oil Reserve to Prior Levels by Year-end

The U.S. is replenishing the SPR, which currently holds about 362 MMbbl, down from 638 MMbbl three years ago before the sale of a record amount of crude. 

Babcock & Wilcox to Convert Coal Plant to NatGas

B&W will convert the plant’s two coal-fired boilers to natural gas by designing and installing burners, air systems, fans and other equipment.

CERAWeek: Gunvor Sees Balanced Oil Market, No Tightness in LNG Supplies

The global LNG market is not currently tight, Gunvor Chairman Torbjörn Törnqvist said at CERAWeek, contradicting the view shared earlier in the day by TotalEnergies.

Imperial Oil Shuts Down Fuel Pipeline in Central Canada

Supplies on the Winnipeg regional line will be rerouted for three months.

What's Affecting Oil Prices This Week? (March 18, 2024)

On average, Stratas Advisors predicts that supply will be at a deficit of 840,000 bbl/d during 2024.

Kissler: OPEC+ Likely to Buoy Crude Prices—At Least Somewhat

By keeping its voluntary production cuts, OPEC+ is sending a clear signal that oil prices need to be sustainable for both producers and consumers.

Waha NatGas Prices Go Negative

An Enterprise Partners executive said conditions make for a strong LNG export market at an industry lunch on March 14.