Perspectives

Asia Needs Flexible LNG Deals Not Linked to Oil Prices - India Oil Minister

Asia needs flexible LNG contracts with no links to oil prices to reflect changes to the market as demand recovers from the impact of the coronavirus pandemic, India's oil minister said.

U.S. Shale Firms Ramp Up Gas Output as Futures Signal Higher Prices

Higher natural gas futures prices for 2021 and a continued glut of crude oil are prodding U.S. shale firms to boost gas drilling and production.

Canadian Indigenous Deal with Keystone XL Took Years, Aims for Long-Term Wealth

TC Energy Corp's sale of a C$1 billion ($769 million) stake in Keystone XL to a Canadian indigenous group followed more than three years of pressure from a tiny Saskatchewan First Nation that demanded part ownership of the long-delayed oil pipeline.

China Hits 26% of Planned 2020 U.S. Energy Imports

China has accelerated imports of crude oil, propane and LNG from the United States since July, but total energy product purchases through October remain far short of targets set out in the Phase 1 trade deal.

Trump Pushes New Environmental Rollbacks on Way Out the Door

Down to its final weeks, the Trump administration is working to push through dozens of environmental rollbacks that could reduce protections for migratory birds, expand Arctic drilling and hamstring future regulation of public health threats.

Doubling Down on $5 Natural Gas

While there hasn't been a lot of good news on the midstream front lately, projected $5 natural gas by the fall of 2021 is a hopeful sign. And who can argue with the Farmer's Almanac weather forecast?

DAPL's Future Uncertain as Biden Presidency Looms

The election of Democrat Joseph Biden could create more headaches for the Dakota Access Pipeline's (DAPL) owners, who are already embroiled in legal battles to keep the main conduit for flowing oil out of North Dakota running.

Banks Make Room for Fossil Fuels in Climate Pledge

The world's public development banks pledged to align with the Paris Agreement on climate change, but avoided a firm commitment to phase out fossil fuel financing.

Biden's Environmental Agenda Could Push Oil Prices Higher - Vitol CEO

The world's largest oil trader Vitol expects the Biden presidency's environmental policies could push oil prices higher over the long term as supplies fall.

Oil Demand Likely to Take at Least a Year to Hit 2019 Levels - Gunvor Head

Global demand for oil is running about 5-6 MMbpd below pre-coronavirus crisis levels, and OPEC with its allies is likely to prolong its existing cuts, the head of trading house Gunvor said on Monday.

China Oil Imports Probably Weaker than Data Suggests

China's imports of crude oil slipped as expected in October, but while a 12.2% drop appears significant, the actual state of demand was probably even weaker.

Rolling Back Trump's Rollbacks: Biden Seen Reversing Climate Deregulation

Joe Biden could erase much of President Donald Trump’s four-year legacy of energy and climate deregulation with the stroke of his pen, according to regulatory experts, but replacing it with something new and durable may prove trickier.

Favoring Gas, Philippines Shuts Door on Coal Power Proposals

The Philippines has stopped accepting new proposals for coal-based power projects to encourage investment in other energy sources like natural gas and renewables, the government's energy chief said on Wednesday.

Coronavirus Surge Throws Oil Recovery into Reverse

Oil futures prices have started to signal OPEC+ may have to do more to offset a second wave of coronavirus and a renewed economic slowdown.

Oil Rises 2% but Traders Brace for Wild Ride After U.S. Election

Oil prices rose near 2% on Tuesday, advancing with other financial markets on U.S. Election Day, although traders were bracing for volatility depending on the voting results and as surging coronavirus cases around the world fed worries about fuel demand.

Funds Sell Oil on Fears of Virus-Driven Economic Double Dip

Hedge funds sold petroleum last week as the rising number of coronavirus cases in the United States and Europe fueled fears of a double-dip recession hitting oil consumption.

U.S. Drillers Add Oil and Gas Rigs for Third Straight Month

U.S. energy firms this week added oil and natural gas rigs for a seventh week in a row for the first time since June 2018, and for a third consecutive month, even as oil majors cut spending due to the COVID-19 pandemic's impact on energy demand and prices.

Norway Wealth Fund Says It's Hard to Find Green Energy Investments

Norway's $1.1 trillion sovereign wealth fund, the world's largest, is having trouble finding suitable unlisted renewable- energy projects to invest in due to the paucity of projects and strong competition for stakes in them, its new CEO said.

Yes, Joe Biden Really Does Want to End the Oil and Gas Industry in America

The Biden energy plan has dire consequences for our industry and the entire American economy.

U.S. Pipeline Gas Exports to Mexico Increase Despite Pandemic

U.S. exports of natural gas to Mexico, almost all of which are transported by pipeline, have continued to increase in 2020 despite the COVID-19 crisis, according to the U.S. Energy Information Administration.

API Fact-Checks Presidential Debate Energy Positions

Responding with a fact-check of the presidential debate, API called for bipartisan solutions that do not force a false choice between protecting the environment and growing the U.S. economy.

Biden Calls for ‘Transition’ from Oil; GOP Sees Opening

Democrat Joe Biden’s remark that he would “transition” away from oil in the U.S. in favor of renewable energy drew quick attention Thursday night from President Donald Trump, who saw it as a boon to his election chances in key states.

Shrinking U.S. Oil Stocks Point to Market Rebalancing

Excess petroleum inventories are being absorbed as lower prices compel U.S. shale producers and the members of OPEC+ to limit their output, confirming the market is on course to rebalance in 2021.

Morgan Stanley Sees Potential for $5 Natural Gas

A record decline in natural gas production and rebounding demand could create the tightest market in a decade and set the stage for Henry Hub prices up to $5/MMbtu with cold weather, according to a new Morgan Stanley forecast.

ConocoPhillips Sees Global Oil Demand Returning, Executive Says

U.S. oil producer ConocoPhillips sees global demand returning to 100 million barrels per day and growing from there, with oil an "important part of the energy mix in any scenario" going forward, a senior executive said.

Energy Execs Think U.S. Oil Production Has Peaked - Fed Survey

Nearly two-thirds of U.S. energy company executives polled by the Federal Reserve Bank of Dallas believe U.S. crude oil production has peaked, according to a survey released on Wednesday.

U.S. Crude Oil Exports Continue Monthly Decline Since February Record High

U.S. crude oil exports reached a record high in February 2020 and have since fallen in each month, based on data through June, but still outpaced 2019 volumes through midyear.

Italy Can be Hydrogen Hub with Pipeline Imports from Africa - Snam

Italy could become a clean energy hub for Europe by piping hydrogen produced in North Africa from solar power at 10-15% less than it costs to produce locally, according to a new study.

Underwater: Australia's Oil Industry Faces New Indigenous Heritage Test

A discovery of ancient artifacts near a planned pipeline route off Australia's west coast has opened new challenges for energy companies to conserve indigenous heritage.

Merkel Doesn't Rule Out Sanctions on Nord Stream 2

Chancellor Angela Merkel does not rule out imposing sanctions on a pipeline set to bring Russian gas to Germany in response to the suspected poisoning of a Kremlin critic with a Soviet-style nerve agent, her chief spokesman said on Monday.