Why Japan’s utility firms want to pull the plug on destination restrictions for LNG supply
A hardened feature of long-term LNG contracts, the destination clause, is coming under renewed scrutiny as the quest for flexibility gathers momentum.
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The world has committed to transitioning away from fossil fuels to avoid the most severe threats of climate change.[1] Communities across the United States rely on fossil fuel...
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Relevant Articles
Oil set for another weekly gain on Middle East tensions
The front-month contract for Brent crude North Sea oil was down USD 0.58 at USD 78.52/bbl on Ice Futures, while the WTI equivalent stood USD 0.79 lower on the day at USD 75.06/bbl. Both contracts had peaked at six-week highs above USD 81/bbl and 77/bbl, respectively, on Monday, buoyed largely
How Falling Oil Prices Could Save The Economy
Oil’s recent slump to the low $70s and the brief dip into the $60s handle could open the door wider for the major economies to avoid recessions
Global Stocks Sell Off on US Slowdown Fears | Horizons Middle East & Africa 09/09/2024
US hiring fell short of forecasts in August fueling an ongoing debate over how much the Fed should cut rates. Also on the show: Oil is edging higher from its...
OPEC’s Quick Fix Masks Bigger Worry: Too Much Oil Next Year
OPEC+ has staved off an oil surplus this year by deciding to restrain production a little longer. But the temporary fix won’t hold back the supply glut awaiting global markets in 2025.
Brent crude oil slides to fresh 2024 low on demand worries
The front-month contract for Brent crude North Sea oil was down USD 0.40 at USD 73.35/bbl on Ice Futures, while the WTI equivalent stood USD 0.42 lower on the day at USD 69.92/bbl. Earlier today, the Brent and WTI benchmarks touched USD 73.14/bbl and USD 69.73/bbl, the lowest levels since
The oil industry would like to know when global demand will peak. That’s hard to predict.
Oil has been the primary name in fuel for decades. But with a limited supply and consumers turning to EVs, peak oil may soon be arriving.
Oil giving up gains as demand growth may have peaked for the year, Vitol’s Muller says
Diesel losing market share to LNG Dated Brent down to $83.08/b on May 10 Concern over China's growth rates Oil prices that have trended lower since mid April are under pressure because supplies are ma