Saturday, June 21, 2025

OPEC Lurches From Pump All You Can to Mulling Cuts in Just Days

From Bloomberg OPEC signaled it could cut output in 2019 due to concerns about rising oil inventories and economic uncertainty, lurching away from a pledge made just days ago to pump flat out. The cartel’s vacillations came as the sizable crude-price gains of September vanished in an October rout. If the group follows through, it could change the outlook of

The Shale Boom Calmed Oil Markets, but for How Much Longer?

From The Wall Street Journal For the past decade, enough oil has flowed from America’s shale boom to allay worries that demand for the world’s most important commodity would outstrip supply. Now, new volatility in global oil prices—which are up 15% since the start of the year—signals that the calming effect of the shale bonanza is reaching its limits. For

Finding Costs Drop to 10-Year Low - Oil & Gas 360

Oil Falls on Oversupply Worries Despite Iran Sanctions

From Reuters Oil prices dropped on Friday, heading for a third weekly loss after Saudi Arabia warned of oversupply, while a slump in stock markets and concerns about trade clouded the outlook for fuel demand. Brent crude oil LCOc1 fell $1.12 or 1.5 percent to a low of $75.77 per barrel and was trading around $76.34, down 55 cents, by

Penn. Supreme Court Reaffirmation of Constitutional Protections on Clean Air, Water, Environment is a Wild Card for Energy Developers

From Law360 Pittsburgh (October 25, 2018, 8:58 PM EDT) — The Pennsylvania Supreme Court’s recent ruling reaffirming constitutional protections on clean air, pure water and environmental preservation continues to confound oil and gas operators as they try and determine how it could impact their activities, according to a panel of attorneys speaking at an industry conference in Pittsburgh. The high

U.S.-Backed Plan for Phased Start of Ship-Fuel Rules Fails

From Bloomberg The International Maritime Organization rejected a proposal — supported by both the U.S. and shipping groups — for a phased start to rules that will limit the sulfur content of ship fuels starting in 2020. The agency’s Marine Environment Protection Committee, meeting in London, rebuffed the proposal for a so-called experience-building phase, noting that it was vague and needed

Tellurian is sharply cutting the equity buy-in for potential partners in a bid to make its business model to finance construction of its proposed Driftwood LNG export terminal more attractive.

Tellurian Slashes Partner Buy-in Investment for Driftwood LNG Project

Lowers investment to $500/ton, down from $1,500/ton Project debt will rise under adjusted proposal From S&P Global Platts Houston — Tellurian is sharply cutting the equity buy-in for potential partners in a bid to make its business model to finance construction of its proposed Driftwood LNG export terminal more attractive. The revised offering, disclosed in an investor presentation filed with the