IPG.Platts

"Russia Boosting Natural Gas Supply to China"

Gazprom is raising natural gas flows eastward to China at the request of Beijing, the Russian gas giant said on Thursday.
https://bit.ly/3uCnuzT

"India Prepares to Increase Natural Gas Imports"

India has asked its state-run firms to increase their natural gas imports to stave off shortages next summer, three government sources told Reuters on Wednesday.
https://bit.ly/3P6PVzz

"U.S. Crude Oil Inventories Continue To Crash, While Products Build"

Crude oil inventories dropped for the fourth week in a row this week, by 6.426 million barrels, American Petroleum Institute (API) data showed on Tuesday, after dropping 7.85 million barrels in the week prior.
https://bit.ly/3uwBHOY

"Russia Considers A Crude Oil Price Floor"

The G7’s oil price cap may have went into effect on Monday, but Russia’s response is to consider putting a “price floor” under its crude oil exports, two officials familiar with Moscow’s plan told Bloomberg on Tuesday.
https://bit.ly/3F3r7DU

"Saudi Arabia Cuts Oil Prices To Asia To 10-Month Low"

Saudi Arabia has cut the price of the crude it will sell to Asia in January to a 10-month low versus the regional benchmarks which have weakened in recent weeks.
https://bit.ly/3BeYylL

"China to Cut Gasoline and Diesel Retail Prices Amid Weaker Demand"

Chinese news agency, Xinhua, has reported that China's National Development and Reform Commission will cut gasoline and diesel prices by 440 yuan (about $62.51) per tonne and 425 yuan per tonne, respectively starting Tuesday.
https://bit.ly/3UC9FMm

"U.S. LNG Is Booming, But Who Supplies The Gas?"

This year, the United States became the world's biggest liquefied natural gas (LNG) exporter as deliveries to energy-starved buyers in Europe and Asia surged.
https://bit.ly/3h67Tp7

"Oil Climbs as China Loosens Curbs and OPEC+ Keeps Output Steady"

Oil advanced after China made further progress toward reopening, OPEC+ kept output steady, and sanctions on Russian crude kicked in.
https://bit.ly/3VyQioP

"EU Agrees To $60 Oil Price Cap"

The European Union tentatively agreed to set the price cap on Russian crude oil at $60 per barrel, an EU diplomat told Reuters on Thursday.
https://bit.ly/3gWJQJl

"Oil Prices Could Sink Without Further OPEC+ Action"

Oil prices could sink if OPEC+ acts in line with market expectations and agrees to keep production quotas stable for another month, some analysts told Reuters.
https://bit.ly/3ixbcG9

"Natural Gas Starts Flowing Through New Baltic Pipe Project"

Natural gas began flowing in full capacity Wednesday on a new pipeline, the Baltic Pipe, running from Norway through Denmark and Poland after a three-year construction project.
https://bit.ly/3ulxyNv

"Saudi Arabia Makes More Unconventional Gas Discoveries"

Saudi Arabia’s oil giant Aramco has discovered two unconventional natural gas fields in the eastern part of the country, Energy Minister Prince Abdulaziz bin Salman said on Wednesday.
https://bit.ly/3GXMF7p

"Xi: China Looks To Boost Energy Partnership With Russia"

China is ready to work for a closer partnership with Russia in the energy sector, Chinese President Xi Jinping was quoted as saying on Tuesday
https://bit.ly/3GUuPCf

"Biden Administration Proposes New Rules to Curb Gas Flaring"

The Biden administration has proposed a set of new rules aimed at curbing gas flaring on public lands, with the Bureau of Land Management saying these measures would result in $39.8 million in additional royalties for the United States.
https://bit.ly/3FdEz9t

"UAE To Cut Oil Supply To Asia By 5% In December"

The United Arab Emirates (UAE) will lower its crude oil exports to some term contract customers in its key market Asia by 5% in December amid weak demand and oil prices.
https://bit.ly/3AQGkXO

"Oil Stocks Plunge As Divergence With Oil Prices Ends"

Energy stocks have shed nearly 2% in Monday trading as crude oil prices tested the lowest levels of the year, breaking with a recent divergence that had seen energy stocks trend higher despite falling oil prices.
https://bit.ly/3XFRRCZ

"Oil falls over $2 a barrel as China's COVID protests fuel demand fears"

Oil futures fell more than $2 a barrel on Monday, with WTI hitting an 11-month low, as protests in top importer China over strict COVID-19 curbs fuelled demand concerns.
https://bit.ly/3EQ52sy

"Saudi Arabia And Iraq Reiterate Their Support for A Production Cut"

Following a bilateral meeting on Thursday, the energy ministers of Saudi Arabia and Iraq reiterated their support for the oil production cut agreed upon last month.
https://bit.ly/3u3XFIL

Column: Is the U.S. shale oil revolution over?

“OPEC is back in the driver’s seat,” John Hess, chief executive of the eponymous oil company, told an investor conference in Miami on Nov. 17, tacitly acknowledging the U.S. shale revolution has run its course.
https://bit.ly/3Xw91D7

"Russia’s Crude Trades At $52, Well Below The Proposed Price Cap"

Russia’s flagship crude grade Urals currently trades at around $52 per barrel, more than $10 a barrel lower than the low end of a proposed G7-EU-UK price cap of $65-$70 per Russian barrel of crude.
https://bit.ly/3Vct3Rw

"Chinese Oil Giant Spends $1.9 Billion On 5% Stake of Huge Brazilian Oilfield"

China’s oil and gas giant CNOOC has paid Brazil’s Petrobras $1.9 billion to buy 5% in the production sharing contract for the huge Buzios offshore oilfield, the Brazilian state oil firm said in a statement.
https://bit.ly/3gzVk5g

"EU Fails To Agree On Gas Price Caps"

Plans to introduce price caps on natural gas prices have hit a dead-end after EU energy ministers on Thursday failed to reach an agreement amid deep divisions.
https://bit.ly/3TZB2ji

"DeepwaterN Oil and Gas Production To Grow 60% By 2030"

Deepwater oil and gas production is set to increase by 60% by 2030, to contribute 8% of overall upstream production, according to a new report from Wood Mackenzie, as cited by Rig Zone.
https://bit.ly/3GLMEne

"December Could Offer ‘The Mother of All Buying Opportunities’ for Oil"
Oil traders and speculators could see the “mother of all buying opportunities” for WTI crude oil in December, as oil prices are about to dip further in the coming days, CNBC’s Jim Cramer says.
https://bit.ly/3OBu3My

"U.S. drillers add oil and gas rigs for second month in a row - Baker Hughes"

U.S. energy firms this week added oil and natural gas rigs for a fourth week and second month in a row as relatively high oil prices encourage firms to drill more.
https://bit.ly/3V4FHSs

"Oil Tanker Rates Soar To Astronomical Levels"
Surging tanker rates are weighing on the crude trade two weeks ahead of the biggest uncertainty for physical oil flows this year
https://bit.ly/3OuLvlG

"EU Delivers Nat Gas Price Cap Without “NSilver Bullet”

The European Union has unveiled a long-awaited natural gas price cap plan to protect consumers from soaring energy prices in the wake of Russia’s invasion of Ukraine, capping prices for the entire bloc at 275 euros (~$272) per megawatt hour, Reuters reports.
https://bit.ly/3tUMAKc

"Qatar And China Make History With 27-Year LNG Supply Deal"

Qatar’s state firm QatarEnergy signed on Monday the longest-term contract in the history of the LNG industry in a deal to supply LNG to Chinese state energy giant Sinopec for 27 years.
https://bit.ly/3F1ovI5

"Global Long-Term LNG Contracts Are Sold Out Until 2026"

The global long-term LNG contracts before 2026 are sold out, top importer Japan says, amid heated competition for the fuel as Europe seeks to replace Russian pipeline gas supply.
https://bit.ly/3GCl63A

"Asia shares, oil prices slide on China COVID outbreaks"

Asian share markets and oil prices slipped on Monday as investors fretted about the economic fallout from fresh COVID-19 restrictions in China, with resulting risk aversion benefiting bonds and the dollar.
https://bit.ly/3i1qumB