What's Affecting Oil Prices This Week? (Dec. 30, 2024)
Looking forward, Stratas Advisors forecasts that Brent oil will average $76.90 in 1Q25.
Baker Hughes Wins Contracts for Woodside’s Louisiana LNG Project
Bechtel has ordered gas technology equipment from Baker Hughes for the first phase of Woodside Energy Group’s Louisiana LNG development.
Hirs: Expansive Energy Policies Set to Shape 2025 Markets
The incoming administration’s policies on sanctions, tariffs, regulations and deportations will impact the oil and gas industry.
US NatGas Prices Retreat From 2-Year Peak on Forecasts of Less Cold
U.S. natural gas futures fell more than 5% on Dec. 26 from a near two-year high in holiday-thinned trade.
Oil Prices Ease as Markets Weigh China Stimulus Hopes
Oil edged lower on Dec. 26 in light holiday trade as the dollar's strength offset hopes for additional fiscal stimulus in China.
Venture Global's LNG Tanker Heading Towards Germany, LSEG Data Shows
U.S. LNG company Venture Global LNG's tanker Venture Bayou is currently stationed at the Plaquemines LNG export plant.
US NatGas Prices Hit 23-Month High on Increased LNG Feedgas, Heating Demand
U.S. natural gas futures hit a 23-month high on Dec. 24 in thin pre-holiday trading.
Oil Prices Rise in Thin Pre-Holiday Trade
Supply and demand changes in December have been supportive of oil price's current less-bearish view so far, analysts say.
Steelhead Seeks Damages from Pembina, ARC Resources, Cedar LNG
Steelhead LNG said it has filed legal proceedings against Cedar LNG, Pembina Pipeline Corp. and ARC Resources related to improperly exploited information, Steelhead said.
Golar LNG Buys $90MM Stake in FLNG Hilli
Golar LNG has purchased Seatrium’s and Black & Veatch’s minority ownership in the asset, which represents 8% of FLNG Hilli’s full capacity.