The notion of linking natural gas to crude oil is a funny one for the uninitiated in North America, where an abundance of supplies and a robust wholesale market reign. However, nearly three-quarters of all the world’s liquefied natural gas (LNG) trade is tied to oil prices.
Articles from Brent
Texas regulators tabled a decision Tuesday about whether to allow oil production quotas and instead are forming a task force to consider how to aid the state’s ailing energy industry.
With the Organization of the Petroleum Exporting Countries (OPEC)-plus alliance having failed to reach an agreement earlier this month to extend production cuts and boost prices, the Saudi-led cartel and former oil ally Russia are entrenched in a battle to see which one can hold out longer in an oversupplied global market, Fitch Solutions Inc. analysts said Thursday.
World oil demand in the first quarter is forecast to decline by the largest volume in history, exceeding the fall-off during the financial crisis that began in late 2008.
With coronavirus fears roiling energy markets and the oil and gas industry entering 4Q2019 earnings season chanting the mantra of capital discipline, analysts at Tudor, Pickering, Holt & Co. (TPH) said Wednesday theyre lowering their 2020 price decks.
With coronavirus fears roiling energy markets and the oil and gas industry entering 4Q2019 earnings season chanting the mantra of capital discipline, analysts at Tudor, Pickering, Holt & Co. (TPH) said Wednesday they’re lowering their 2020 price decks.
Fitch Ratings has revised lower natural gas price assumptions for 2019-2021 for the National Balancing Point (NBP) because of a liquefied natural gas (LNG) supply glut in Europe and slower global economic growth.
After a sharp retreat down to the $40/bbl range in 2018, Brent crude oil prices are back above $60, and two key dates this spring could provide the momentum to drive prices even higher than currently forecast.
U.S. natural gas prices are looking weaker over the longer term, despite the recent rally, and the crude oil outlook, at least for now, is waning as well, energy analysts said Monday.