(Oil Price) – Chevron and state-owned Israel Natural Gas Lines Ltd have signed an agreement to build a natural gas pipeline from Israel’s giant Leviathan gas field to Egypt, Leviathan project participant NewMed Energy has said. Chevron’s unit Chevron Mediterranean Limited, the operator of the Leviathan Project, agreed with Israel Natural Gas Lines to provide transmission services for the flow of natural
(World Oil) – Canada has cleared a C$10 billion ($7.3 billion) floating facility to export liquefied natural gas off its northwest coast as soon as 2028. Ksi Lisims LNG — backed by Blackstone Inc.-funded Western LNG, as well as Rockies LNG Partners and the Nisga’a Nation, an Indigenous group that owns the development land — is the first such major
Natural Gas Inventories as of September 5, 2025 The EIA has released its natural gas inventory report, showing a net increase of 71 Bcf as of September 5, 2025. Working gas in storage was 3,343 Bcf as of Friday, September 5, 2025, according to EIA estimates. This represents a net increase of 71 Bcf from the previous week. Stocks were
Natural Gas Inventories as of August 22, 2025 The EIA has released its natural gas inventory report, showing a net increase of 18 Bcf as of August 22, 2025. Working gas in storage was 3,217 Bcf as of Friday, August 22, 2025, according to EIA estimates. This represents a net increase of 18 Bcf from the previous week. Stocks were
Natural Gas Inventories as of August 15, 2025 The EIA has released its natural gas inventory report, showing a net increase of 13 Bcf as of August 15, 2025. Working gas in storage was 3,199 Bcf as of Friday, August 15, 2025, according to EIA estimates. This represents a net increase of 13 Bcf from the previous week. Stocks were
(Oil Price)– U.S. Devon Energy Corporation has signed a 10-year natural gas agreement to supply LNG to UK’s Centrica, the owner of British Gas. Under the deal announced on Friday, Devon Energy will supply 50,000?(MMBtu) per day of natural gas over a 10?year term starting in 2028. This is equivalent to five LNG cargoes per year. The LNG volumes will be indexed
Natural Gas Inventories as of August 8, 2025 The EIA has released its natural gas inventory report, showing a net increase of 56 Bcf as of August 8, 2025. Working gas in storage was 3,186 Bcf as of Friday, August 8, 2025, according to EIA estimates. This represents a net increase of 56 Bcf from the previous week. Stocks were
(Oil Price)– The discovery of the massive Vaca Muerta shale play was a game changer for the economically troubled South American nation of Argentina. The country, which with 2024 gross domestic product of $632 billion ranks as the second largest economy in South America and third largest in the broader region of Latin America, is rapidly becoming one of the region’s
Natural Gas Inventories as of August 1, 2025 The EIA has released its natural gas inventory report, showing a net increase of 7 Bcf as of August 1, 2025. Working gas in storage was 3,130 Bcf as of Friday, August 1, 2025, according to EIA estimates. This represents a net increase of 7 Bcf from the previous week. Stocks were
Natural Gas Inventories as of July 25, 2025 The EIA has released its natural gas inventory report, showing a net increase of 48 Bcf as of July 25, 2025. Working gas in storage was 3,123 Bcf as of Friday, July 25, 2025, according to EIA estimates. This represents a net increase of 48 Bcf from the previous week. Stocks were
(Investing) – U.S. natural gas prices have fallen back of late, reflecting a lingering storage surplus and a milder shift in summer weather, but Morgan Stanley still sees more upside in 2026. At 09:05 ET (13:05 GMT), natural gas prices rose 2.4% to $3.138 per million British thermal units, or MMBtu, but are down around 9% over the course of the last month
(Oil Price)– U.S. crude oil production from onshore federal lands hit a record 1.7 million barrels per day (bpd) in 2024, according to the EIA and the Department of the Interior. That’s a sixfold jump since 2008—far outpacing the broader rise in national crude output, which nearly tripled to 13.2 million bpd over the same period. The driver? An explosion of activity
