Downstream

This post was originally published on this siteOil prices have retreated in recent weeks as traders look past the current depletion in global inventories to focus on the future threat posed by a possible slowdown in the major economies. Commercial stocks of crude and refined products in the advanced economies belonging to the Organization for […]

This post was originally published on this siteQcells plans largest US facility for silicon ingots and wafers Company has been pulling out of China due to US solar tariffs The Biden administration is offering Qcells as much as $1.45 billion in conditional financing to construct the biggest US plant producing silicon ingots and wafers, the

This post was originally published on this siteA new government in the UK, gridlock in France and the dramatic face-off in the US will have consequences for investment and the transition to clean fuels. By Bloomberg News Energy and climate change have been on the ballot around the world this year. Here’s a scorecard of what

This post was originally published on this siteShipping giant A.P. Moller-Maersk A/S is in the process of securing 50-60 vessels as part of its fleet renewal program, including ships that will be able to run on liquefied natural gas, a fuel the company has criticized in the past. The order is for a mix of owned and chartered dual-fuel vessels

This post was originally published on this siteLack of pipeline capacity for excess gas hinders profits Firm still expects to beat original 2024 oil output forecasts Diamondback Energy Inc. reduced some of its oil production in the second quarter to trim natural-gas output because there isn’t enough pipeline capacity to ship gas that’s pumped alongside

This post was originally published on this siteSummary Insurers cover Russia oil cargoes if sold below $60/bbl Russia Urals crude sold for $69.4/bbl so far this year-LSEG data Insurers, ship owners not expected to investigate the price Rely on ‘attestations’ from parties to Russian oil trade Top insurer group says process is ‘flawed’ (Reuters) –

This post was originally published on this siteHarbour Energy posts first-half profit, narrows FY production outlook Aug 8 (Reuters) – Harbour Energy, the largest British North Sea oil and gas producer, reported a net profit for the first half of the year from a year-earlier loss and narrowed its full-year 2024 total production outlook on

This post was originally published on this site(Reuters) – Heavy fighting near the Russian town of Sudzha, where Russian gas flows into Ukraine, has raised concerns over a sudden stop to transit flows via Ukraine before a five-year deal with Russia’s Gazprom  expires. The Ukraine gas transit route enables Russia to export gas to Europe

This post was originally published on this site(Reuters) – Oil prices held steady on Thursday after two sessions of gains, with growing supply risks in the Middle East offsetting demand concerns that had pushed prices to their lowest since early 2024 at the start of the week. Brent crude futures fell 8 cents, or 0.1%,

This post was originally published on this site(Reuters) Major U.S. natural gas producers are preparing to further curtail production in the second half of 2024, after prices sank nearly 40% over the past two months. Henry Hub gas futures have dropped to around $2 per million British thermal units (mmBtu), while in West Texas, Waha