Global

The International Energy Agency (IEA) has cut its oil demand growth forecast for the year as the coronavirus outbreak in China continues to take a toll on the global economy.

Liquefied natural gas (LNG) buyers could start rejecting U.S. cargoes next year as the global gas market is all but certainly to remain oversupplied even if this coming winter is colder than normal, a team of Poten & Partners analysts said Monday.

Plentiful oil production growth from countries that are not members of the Organization of the Petroleum Exporting Countries (OPEC) should adequately supply “any likely level” of demand through 2020, helping to contain prices for consumers in a “vulnerable” global economy, according to the International Energy Agency (IEA).

Global energy investments stabilized last year ending a three-year drought, with capital spending on natural gas, oil and coal surging, while expenditures stalled for energy efficiencies and renewables, according to the International Energy Agency (IEA).

Venture Global LNG Inc. has shared plans with regulators for a third natural gas export terminal, signaling its intent to add up to 24 million metric tons per year (mmty) of capacity at a proposed site in Plaquemines Parish, LA.

Natural gas demand emerged as the global fuel of choice last year, particularly in the United States and China, as energy consumption worldwide increased by 2.3%, the fastest pace this decade, the International Energy Agency (IEA) said Monday.

As liquefied natural gas (LNG) expands its share of global trade, the world’s gas demand will grow at the fastest rate among fossil fuels through 2040, according to a recent report from the Gas Exporting Countries Forum (GECF).

Most global oil and gas executives expect to make deals to buy or sell assets in 2019, nearly 10% above the global average, with most of the activity likely to be in the United States, spurred by onshore transactions, and in Canada, according to a recent survey.

The energy industry has to counter the view that renewables are the only way to reduce carbon emissions and instead make the case for natural gas to remove any doubts about its long-term benefits, a group of the leading global CEOs said Tuesday.