January 2, 2018

From Reuters Norway’s pipeline gas exports to Europe hit a record high in 2017, exceeding the previous year by almost 7 percent, preliminary data from the country’s offshore gas systems operator Gassco showed on Tuesday. Europe’s second-largest gas supplier after Russia exported 116 billion cubic meters (bcm) of natural gas via pipelines to receiving terminals in Britain, Germany, France and

From Reuters Russian oil production has continued to grow in 2017, with average daily output at a 30-year high of 10.98 million barrels per day, though the pace of growth slowed from 2016 because of the country’s participation in an OPEC-led global supply pact. The Middle East-dominated Organization of the Petroleum Exporting Countries and other leading oil producers agreed to

From Reuters Asian spot LNG prices held above three-year highs on Tuesday as cold temperatures across Japan and continued strong demand from Chinese importers buoyed the market. Spot prices for February delivery steadied at $11.20 per million British thermal units (mmBtu). Japanese utilities have been actively buying cargoes in recent weeks as cold weather sweeping the country has fueled demand

From Bloomberg Will Saudi Arabia and Russia maintain their grip on production, or could they succumb to another surge in U.S. shale? Is it possible for the economic collapse of a major producer to send crude prices soaring, or perhaps Silicon Valley will usher in the end of the combustion engine? After ending 2017 at a two-year high, oil prices