(BOE Report) – The natural gas demand destruction currently resulting from the Iran war as governments implement measures to mitigate the crisis risks becoming structural if the conflict persists, the head of the Gas Exporting Countries Forum said on Wednesday. Since the Middle East crisis began at the end of February, more than 500 million barrels of crude and
GE cuts follow Siemens’ 2% cut of global workforce in power and gas business slash: blames rapid growth of renewables for drop in demand for traditional power plants From Economic Times General Electric Co announced on Thursday it was axing 12,000 jobs at its global power business as the struggling industrial conglomerate responds to dwindling demand for fossil fuel power plants. The U.S.
Natural gas draw of 178 Bcf for the week ended January 15 The Energy Information Administration (EIA) released its natural gas data for the week ended January 15, showing a draw of 178 Bcf, bringing gas-in-storage levels to 3,297 Bcf. Despite the draw last week, natural gas storage remains 660 Bcf higher than the same time last year. The week’s
