World Energy News

OPEC maintains robust outlook for oil demand, but does not see a peak until 2050

* U.S. shale production likely peaked by 2025, according to the report (Source changed on OPEC website paragraph 3). LONDON, 18 JUNE - OPEC has maintained its forecast of robust growth in global 'oil demand' over the next four years and has shifted its long-term?view. It cited a worldwide…
OPEC Maintains Robust Oil Growth Forecast Over Next Four Years

OPEC maintained its forecast for robust global oil demand growth in the next four years on Thursday and nudged up its longer-term view, citing a worldwide shift towards more supportive policies for oil use and saying there was no sign demand would peak.The 11-member Organization of…
Hormuz Oil Flows Could Take Months to Recover

A recovery in oil flows through the Strait of Hormuz and oil production following the U.S.-Iran interim peace deal will take time, potentially several months, analysts at two banks said.Shipments through the strait, through which about a fifth of global oil supply passes, were disrupted during the Iran conflict, sending oil prices sharply higher.
EU Commission clarifies all Russian LNG trade is banned from 2027 for EU operators

EU-based companies will be prohibited from selling Russian liquefied natural gas next year, even if buyers are located outside the EU, according to a letter seen by Reuters on Thursday."The ban prohibits companies to trade/market Russian LNG to third countries as it is not relevant whether the Russian LNG is destined for the EU or not…
Brent Oil Remains On Track for 8% Weekly Decline as Israel, Hezbollah Agree to Ceasefire

Brent crude ticked slightly higher on Friday but was still on track for a more than 8% weekly decline after Israel and Hezbollah agreed to a ceasefire and tanker traffic through the Strait of Hormuz increased.Brent crude futures were up 20 cents, or 0.25%, at $80.05 a barrel by 10:55 a.m. ET, while U.S.

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Shale Oil & Gas

OPEC maintains robust outlook for oil demand, but does not see a peak until 2050

* U.S. shale production likely peaked by 2025, according to the report (Source changed on OPEC website paragraph 3). LONDON, 18 JUNE - OPEC has maintained its forecast of robust growth in global 'oil demand' over the next four years and has shifted its long-term?view. It cited a worldwide shift to more supportive policies regarding oil usage and said there were no signs that demand would peak. Organization of the Petroleum Exporting Countries…

LNG

QatarEnergy Plans to Restart LNG Output

QatarEnergy is ready to resume liquefied natural gas production at its Ras Laffan LNG plant very quickly and could reach within a month full output of facilities unaffected by Iranian strikes, a person with knowledge of the matter told Reuters on Tuesday.Two of Qatar's 14 LNG trains and one of its two gas-to-liquids (GTL) facilities were damaged in the strikes, which knocked out 17% of the country's LNG export capacity…

Renewables

India's thermal power imports fall to a four-year low as the green energy sector rises

India's thermal coke imports dropped to a four-year low between January and May?due mainly to higher domestic production and increasing renewable energy generation, according commodities consultancy BigMint. The consultancy reported that overall, thermal coal imports fell by 12% in the past year, to a total of?65 millions tons. India, which is the second largest importer of thermal coke in the world, has sought to reduce its dependence on imports.

OPEC maintains robust outlook for oil demand, but does not see a peak until 2050

OPEC Maintains Robust Oil Growth Forecast Over Next Four Years

Hormuz Oil Flows Could Take Months to Recover

EU Commission clarifies all Russian LNG trade is banned from 2027 for EU operators

Brent Oil Remains On Track for 8% Weekly Decline as Israel, Hezbollah Agree to Ceasefire

Petrobras will resume construction at Tres Lagoas Fertilizer Plant by September

State regulator: North Dakota oil production expected to remain steady, despite the price decline

Baker Hughes says US energy companies have added rigs eight times in nine weeks.

Latest news

EU Commission clarifies that all Russian LNG trading is banned for EU operators from 2027, as shown in a letter

Red Sea Global wants to 'bring back to life' a troubled Saudi island of luxury.

Repsol, the Spanish energy company, is expanding into a new oilfield in Venezuela

Germany is in discussions to extend the oil reserve exemption, Economy Ministry says

EU Crafts plan to give extra free CO2 allowances this year, say diplomats

Sources: Second attack on a Moscow refinery this week damages units and sparks fires

Minister says Indonesia is on track to launch B50 Biodiesel Programme on July 1.

Australia opens its first carbon refinery to produce new products using captured CO2

China Resources New Energy will raise up to $3.6 Billion in Shenzhen’s largest IPO

Trump Administration to pay $765 million to cancel four more offshore wind leases

Document shows EU countries have scaled back their plan to finance power grids

Shale Oil & Gas

OPEC maintains robust outlook for oil demand, but does not see a peak until 2050

Sources: Second attack on a Moscow refinery this week damages units and sparks fires

OPEC maintains robust outlook for oil demand, but does not see a peak until 2050

Japan's Cosmo energy to continue focusing on Middle East crude despite Iran War

LNG

QatarEnergy Plans to Restart LNG Output

Sempra Begins LNG Production at Mexican Site

TotalEnergies Remains Silent as Russia Approves Sale of Arctic LNG 2 Stake

SEFE, Ksi Lisims LNG Agree on long-Term LNG Supply

Renewables

India's thermal power imports fall to a four-year low as the green energy sector rises

Minister says Indonesia is on track to launch B50 Biodiesel Programme on July 1.

China Resources New Energy will raise up to $3.6 Billion in Shenzhen’s largest IPO

Trump Administration to pay $765 million to cancel four more offshore wind leases

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