Energy News, Crude Oil, Natural Gas, Futures Exchange, Maritime Reports

Latest news and market reports from enegery industry. Market updates on crude oil, gas, electricity and bunker fuel.

New Report: Global LNG Outlook 2024-2028

Despite growth in global LNG production capacity, the total output is likely to remain constrained due to operational challenges.

Uganda Intensified Talks with Alpha MBM on Refinery Deal

Furthermore, it expects to announce an investment decision at the earliest.

Oil Eases as US Demand Concerns Outweigh Middle East Fears

U.S. crude inventories unexpectedly fell sharply last week, the EIA report also showed, as exports jumped.

Repsol’s Q1 Profit Tumbles By a Third, But Better Than Expected

The company's shares were down 2.4% in morning trade.

Stranded Cargo Shows Credit Challenges at Nigeria's Dangote Refinery

Dangote group executive Edwin Devakumar told Reuters that seeking favourable sale prices and credit terms were normal business practices.

Equinor Foresees Surge in Combined Oil and Gas Output Beyond 2024

The activity levels on the Norwegian continental shelf remained high throughout the quarter.

HPCL to Establish Global Oil Trading Desk

By setting up a global oil trading desk, HPCL aims to actively participate in international oil trading activities.

Trans Mountain Oil Shippers Raise Concerns About Risk of Delay to Full Service

Trans Mountain is facing a number of complaints from its shippers, who have contracted 80% of the expanded pipeline's volume.

Novatek Brings On Stream New Gas Field in West Siberia to Boost Cash Reserves

Novatek’s next large LNG development, Arctic LNG 2, was sanctioned by the US last November, prompting international shareholders in the project to suspend their participation.

Oil Eases as US Demand Concerns Outweigh Fears over Middle East Conflicts

U.S. gross domestic product and March personal consumption expenditure data later this week will be crucial for the dollar and any attempt to gauge the path of U.S. rates.