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.
Articles from United States
The United States is likely to account for about 85% of the increase in global oil production and 30% of natural gas output to 2030, putting pressure on the world’s traditional operators, according to the latest projections by the International Energy Agency (IEA).
The United States left Canada behind as it claimed the title of North American champion natural gas exporter for the first three months of this year, according to the latest trade scorecard compiled by the U.S. Department of Energy (DOE).
U.S. imports of Canadian heavy crude oil are expected to increase over the next two years, but the pace of oilsands growth in Canada is also expected to slow because the declining number of projects under active development, according to IHS Markit.
The United States will become the world’s top producer of oil and natural gas over the next several decades, but China and India will lead a host of developing countries in embracing clean energy technologies for power generation as costs for renewables continue to decline.
The North American Free Trade Agreement (NAFTA) renegotiations are an opportunity to update the 1994 treaty so that it reflects changes in Mexico’s oil and natural gas sector and deepened ties to Canada and U.S. energy markets, according to analysts.
Canadians will buy American if the United States border stays open for natural gas and oil flows, according to a defense of free trade crafted by the Canadian Energy Research Institute (CERI).
President Trump told representatives of 12 European nations gathered for a summit of the Three Seas Initiative that the United States is eager to build strong trade ties and export energy supplies to them, quipping “if you need energy, just give us a call.”
Canada’s NEB Sees Brief Decline in NatGas Output from U.S. Shale Competition Before LNG Exports Ramp Up
Canadian oil and natural gas production will keep growing, but soft prices and environmental restrictions will slow the pace and generate setbacks, the National Energy Board (NEB) predicted Wednesday in a revised 25-year forecast.
Nabors Industries Ltd., which owns and operates the world’s largest land-based drilling rig fleet, saw substantial utilization increases in the Lower 48 market during the third quarter, although spot market pricing remained competitive.