Downstream

This post was originally published on this siteLONDON, May 13 (Reuters) – Oil prices rose on Friday but were headed for their first weekly loss in three weeks as worries about inflation and China’s COVID lockdowns slowing global growth offset concerns about dwindling supplies from Russia. Brent crude futures were up $2.06, or 1.9%, at […]

This post was originally published on this site The long-term supply deals struck this week with Exxon and Petronas by Venture Global LNG put its second Louisiana LNG facility on the verge of construction and financing approval.

This post was originally published on this site India's Petronet LNG has begun talks with Qatar to renew a multiyear gas deal despite market "turbulence", making new long-term contracts difficult as sanctions on Russian fuel have squeezed an already tightly supplied market.

This post was originally published on this siteMay 12 (Reuters) – Two large British asset managers have defended their efforts to reduce emissions to Texas officials and said their firms could face reputational risks if they did not follow through on carbon-cutting commitments. The letters from Man Group PLC (EMG.L) and from abrdn plc, (ABDN.L) reviewed by Reuters

This post was originally published on this siteSummary Cuts 2022 oil demand growth forecast by 310,000 bpd Cuts 2022 Russian output forecast, leaves shale forecast steady OPEC April output rises 153,000 bpd, lagging pledged hike LONDON, May 12 (Reuters) – OPEC on Thursday cut its forecast for growth in world oil demand in 2022 for

This post was originally published on this siteBERLIN, May 12 (Reuters) – Pressure on Europe to secure alternative gas supplies increased on Thursday after Moscow imposed sanctions on European subsidiaries of state-owned Gazprom and Ukraine stopped a gas transit route, pushing prices higher. Russia imposed sanctions late Wednesday mainly on Gazprom’s (GAZP.MM) European subsidiaries including Gazprom Germania,

This post was originally published on this siteMay 11, 2022 (Bloomberg) The Biden administration is scrapping planned auctions of drilling rights in the Gulf of Mexico and Alaska’s Cook Inlet — a move that deepens uncertainty over the future of the US government’s offshore oil leasing program. The Interior Department said in an emailed statement it

This post was originally published on this siteEuropean natural gas prices jumped following disruptions to a key transit route through Ukraine, and as Germany said Russia was using energy as a weapon in an escalating clash over supply.The benchmark contract surged more than 22%, with shipments from Russia via Ukraine set to fall by about

This post was originally published on this siteMay 12, 2022 (Bloomberg) Oil fell as financial markets were pressured by stubbornly high US inflation, bolstering the case for Federal Reserve interest rate hikes. West Texas Intermediate futures have whipsawed wildly this week, and were down about 2% on Thursday. European equities slid, along with US futures, while the

This post was originally published on this siteMay 12, 2022 (Bloomberg) Last year, global carbon markets exceeded 750 billion euros ($850 billion) in transactions. Almost all of that happened in so-called compliance markets, where laws require major emitters of greenhouse gases to buy permits or credits. Europe makes up the bulk of these markets, with 760 billion euros traded in 2021, while North