LNG exports could increase production and price of gas, report says
Liquefied natural gas exports could mean more natural gas production, more economic growth and an increase in consumer prices, according to a government analysis. More »
China seen overtaking U.S. as world’s biggest oil user
Growth in oil demand to 2040 will also be driven by India, Southeast Asia, the Middle East and sub-Saharan Africa, the IEA said. More »
Threats to global oil supply still exist, IEA says
The U.S. shale boom masks threats to global oil supply including Middle East turmoil, conflict in Ukraine and the difficulty of unconventional oil production beyond North America, the International Energy Agency said.
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OPEC’s choice in Vienna meeting will determine role in new oil order
The Organization of Petroleum Exporting Countries could reassert control by cutting output, ceding more market share to U.S. shale oil producers. More »
Brent oil falls to 4-year low as WTI slides on stockpiles
Crude is extending losses in a bear market amid signs that global demand isn’t keeping pace with supply. More »
Natural gas storage on track to recover from last winter’s lows
Natural gas storage inventories usually rise over the summer months and are drawn down in the winter as the fuel is used to heat homes. More »
U.S. jobs report helps send oil prices higher
Oil for December delivery rose 74 cents to settle at $78.65 a barrel on the New York Mercantile Exchange. More »
Enron castaway shrugs off low price to become ‘Apple of Oil’
Investors spooked by the heavy debt carried by most U.S. producers are flocking to companies that generate so-called free cash flow. More »
Oil rises after inventory report
Oil for December delivery rose $1.49 to settle at $78.68 a barrel on the New York Mercantile Exchange. More »
Saudis recall 1998 showdown in taking on U.S. shale rivals
To win the showdown, the Saudis are trying to bring OPEC’s weaker members in line before the Nov. 27 meeting of the organization. More »
OPEC oil basket price falls below $80 to least in 4 years
U.S. oil production rose to the highest in at least 31 years amid slowing global demand, helping drive crude into a bear market last month. More »
BHP Billiton to export condensate overseas
BHP Billiton is preparing to export a processed, ultra-light oil overseas without the government’s explicit authorization — a move likely to be mimicked by other energy companies eager to sell crude to foreign buyers. More »
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