What can oil prices tell you about the market? Not a lot: Bousso
The global oil market is experiencing a series of price spikes due to geopolitical tensions and the opaque stockpiling. Western sanctions and tightening Western sanction are also causing traders to be in the dark. Prices may not accurately reflect the physical fundamentals of commodities due to the growing influence of unpredictable external forces on this world's most liquid and largest commodity market. In fact, it appears that the global oil markets are struggling to find a balance between supply and demand. The International Energy Agency predicts that oil production will exceed demand this year by 3.7 millions barrels per day…
Trinidad's Atlantic LNG Shuts Down Train 4 for Maintenance
Trinidad and Tobago's flagship Atlantic LNG plans to shut its 6 million metric ton per annum Train 4 for up to 50 days in May and June for extensive maintenance and repairs, three people with knowledge of the plan told Reuters.Atlantic LNG is majority owned by Shell and BP - each with a 45% stake - while Trinidad's National Gas Company holds 10%. The facility accounted for roughly 15% of BP's total global LNG production and 10% of Shell's LNG output in 2025, according to company documents.The maintenance and repairs, called a turnaround…
Norway Parliament Rejects Challenge to LNG Plant's Power Supply Plan
Norway's parliament on Thursday rejected a proposal to block Equinor's plan to supply electricity to its Hammerfest liquefied natural gas (LNG) plant from the region's power grid, allowing the ongoing development to continue.Opposition parties had sought to revoke the LNG plant's planned link to the power grid, but the motion failed when the Socialist Party withdrew its support for the plan, calling it "in practice unlawful".A total of 48 members of parliament, known as the Storting, backed the opposition's proposal while 54 voted against."For Equinor and our partners, it is crucial to be able to trust the authorities' decisions," Equinor CEO Ande
Norway Socialist Party Withdraws Support for LNG Electricity Project Opposition
Norway's Socialist Party has withdrawn its support for a proposal to block Equinor's Hammerfest liquefied natural gas plant from receiving a planned onshore power connection, clearing the way for the grid development to proceed.Parliament is due on Thursday to vote on an opposition proposal seeking to revoke the LNG plant's planned link to the power grid, but the motion is likely to fail without backing from the Socialist Party.The government approved the connection in 2023 to cut greenhouse gas emissions at the plant on Melkoeya island off Hammerfest and extend its lifetime.Critics say hooking up the currently gas-driven plant to the regional gri
QatarEnergy Secures LNG Supply Deal with Jera as Demand Surges
QatarEnergy, one of the world's biggest LNG suppliers, signed a deal on Tuesday with Japan's top power generator Jera to supply 3 million tons of LNG annually for 27 years from 2028, further strengthening Qatar's position in the Japanese market.The agreement, made on the sidelines of the LNG2026 conference in Doha, would bolster QatarEnergy's position in Japan as competition intensifies from U.S. suppliers and Gulf rivals United Arab Emirates and Oman, which offer more flexible terms.It follows months of talks between the two firms.
Electricity Needs for AI, Data Centers May Turn LNG Glut into Gap by 2030
Growing electricity demand from AI and data centres, together with rising fuel use in Asia and European gas needs could turn an expected global liquefied natural gas supply glut into a shortage by 2030, Qatar Energy CEO Saad al-Kaabi said on Monday.LNG coming online between 2026 and 2029 has raised concerns of a supply glut that could depress prices, with projects like Golden Pass LNG on the U.S. Gulf Coast and Qatar's North Field Expansion expected to contribute sizeable volumes."We always thought the market would have some kind of oversupply between 2025-2030 (and) beyond 2030 you will have a shortage…
Trinidad's Atlantic LNG Project to Decommission Liquefaction Train
Trinidad and Tobago's flagship liquefied natural gas project, Atlantic LNG, will begin removing one of its liquefaction trains from operations in the last quarter this year, its director for capital projects, Michael Daniel, said on Tuesday.The project's shareholders, including Shell, BP and Trinidad's National Gas Company, agreed to decommission Train 1 due to a shortage of natural gas and because it was the most inefficient of the four plants that turn natural gas into LNG for export.Train 1 has not been producing LNG for more than a year but it is still in operation because all the utilities…
India, UAE Sign $3b LNG Deal, Boost Trade and Defense Ties
India signed a $3 billion deal on Monday to buy liquefied natural gas from the United Arab Emirates, making it the UAE's top customer, as the leaders of both countries held talks to strengthen trade and defence ties.The agreement was signed during a very brief two-hour visit to India by UAE President Sheikh Mohammed bin Zayed Al Nahyan for talks with Indian Prime Minister Narendra Modi. They pledged to double bilateral trade to $200 billion in six years and form a strategic defence partnership.Abu Dhabi state firm ADNOC Gas will supply 0.5 million metric tons of LNG a year to India's Hindustan Petroleum Corp HPCL.NS for 10 years…