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Escalating Geopolitical Tensions Push European Natural Gas Prices Higher – LNG Recap

Escalating Geopolitical Tensions Push European Natural Gas Prices Higher – LNG Recap

Escalating tensions in the Middle East and uncertainty over U.S. LNG exports combined Monday to push European natural gas prices higher. Despite weak fundamentals, “geopolitics remain in focus” for the global energy market, said Schneider Electric analyst Robbie Fraser. Three U.S. servicemen were killed in a drone strike in Jordan over the weekend that was…

January 29, 2024
Iran Faces Uphill Battle in Push to Revive LNG Export Projects

Iran Faces Uphill Battle in Push to Revive LNG Export Projects

Despite holding the world’s second largest natural gas reserves and having Russia as a new partner, Iran faces challenges to revive one of its three LNG export projects. Iran, the world’s third largest gas producer, shares the giant North Dome/South Pars field with Qatar, but it has fallen far behind in developing its reserves to…

March 29, 2023
Saudi Aramco CEO Warns of Industry Underinvestment, Says Natural Gas, Oil to ‘Remain Essential’

Saudi Aramco CEO Warns of Industry Underinvestment, Says Natural Gas, Oil to ‘Remain Essential’

Saudi Arabia’s state-owned oil producer posted record profits for 2022, up nearly 50% year/year, lifted by soaring oil and natural gas prices. Saudi Arabian Oil Co., better known as Aramco, tripled the 2022 profit recorded by ExxonMobil, lifted by higher sales volumes and improved margins for refined products. Commodity prices surged early in the year…

March 22, 2023
Oman Aiming to Boost LNG Output as Asian Sales Grow

Oman Aiming to Boost LNG Output as Asian Sales Grow

Oman and Iran have agreed to revive an offshore pipeline project that would see Iranian natural gas exported via Oman’s LNG facilities, which have been working to boost capacity amid strong global demand. The agreement followed a meeting earlier this summer between Iranian oil minister Javad Owji and Omani energy minister Mohammed al-Rumhy in Muscat.  …

August 16, 2022

U.S. Natural Gas, Oil Industry Still Cautious, but Crude Rally Short-Lived After Latest Iranian Attack

Following an Iranian attack on U.S. forces stationed in Iraq late Tuesday further ratcheted up tensions, natural gas and oil pipeline operators across the United States are on guard against potential threats, including from cybersecurity efforts.

January 8, 2020

Crude Oil Rally May Have Staying Power as Iraqi Attacks Stoke Supply Fears

Fears of escalation in the Middle East following a U.S. attack in Iraq early Friday, which killed a high ranking Iranian military leader, could support a sustained move higher for crude oil prices, which jumped 4% on Friday.

January 3, 2020

Global LNG Market Not Immune to Escalating U.S., Iran Tensions

Some oil-linked liquefied natural gas (LNG) prices were poised to increase after a U.S. airstrike in Iraq killed a top Iranian general and sent crude prices higher on Friday.

January 3, 2020
U.S. Oil Sanctions Pose Significant Upside Price Risk in 2019

U.S. Oil Sanctions Pose Significant Upside Price Risk in 2019

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.

March 28, 2019
Fundamentals, Not OPEC Freeze, Likely to Stabilize Oil Prices, Say Experts

Fundamentals, Not OPEC Freeze, Likely to Stabilize Oil Prices, Say Experts

The failure to reach an agreement to freeze global oil production by the Middle Eastern-led oil cartel may play to the market fundamentals, but it also could lead to more U.S. bankruptcies as oil prices continue to decline, industry experts said Monday.

April 19, 2016
Fundamentals, Not OPEC Freeze, Likely to Stabilize Oil Prices, Say Experts

Fundamentals, Not OPEC Freeze, Likely to Stabilize Oil Prices, Say Experts

The failure to reach an agreement to freeze global oil production by the Middle Eastern-led oil cartel may play to the market fundamentals, but it also could lead to more U.S. bankruptcies as oil prices continue to decline, industry experts said Monday.

April 19, 2016
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