The Bureau of Safety and Environmental Enforcement estimates that approximately 29.18% of the current oil production and 16.85% of the current natural gas production in the Gulf of Mexico has been shut-in. SourceContinue Reading

Will Iran Intervene Directly in the Israel-Hezbollah Conflict? | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – Sep 25, 2024, 3:00 PM CDT Israel’s recent airstrikes on...Continue Reading

AI-related electricity demand is expected to translate to between 6 – 13 Bcfgd in the short term, Toby Rice, EQT’s chief executive officer, said Tuesday. That compares with current total US consumption of just over 100 Bcfd. SourceContinue Reading

Wells Fargo: Oil Prices To Stay Depressed Through 2025 on Global Oversupply  | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Related News By Alex Kimani – Sep 25, 2024, 2:00 PM CDT Analysts at Wall Street bank Wells Fargo have predicted that oil prices...Continue Reading

India Looks to Balance Short-Term Energy Needs with Long-Term Vision | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Premium Content By Michael Kern – Sep 25, 2024, 2:00 PM CDT India faces the challenge of balancing its need for affordable energy sources, such as discounted Russian...Continue Reading

World oil consumption is set to increase by 17.9 MMbpd, or roughly 18%, to 120.1 MMbpd by 2050, the Organization of Petroleum Exporting Countries said in its annual long-term outlook. It raised estimates covering the next two decades from last year’s report. SourceContinue Reading

The plant design will feature electric-driven LNG trains instead of gas turbines, reducing greenhouse gases emissions compared to conventional LNG projects. It will also include prefabricated and standardized modules to be assembled at the project site in Mozambique, offering cost competitiveness and certainty in delivery schedule. SourceContinue Reading

Global Superpower Ranking Reveals Shifting Power Dynamics | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Sep 25, 2024, 1:00 PM CDT The U.S. remains the world’s leading superpower, driven by its economic and financial influence, but faces challenges from rising powers like...Continue Reading

Equinor Shutters Gulf Oil Platform on Hurricane Watch as Oil Prices Dip | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Sep 25, 2024, 12:15 PM CDT Norway’s Equinor has shut down operations at its Titan platform in the Gulf of Mexico, Reuters reports, a day...Continue Reading

China Champions Multipolar World Order at UN Summit | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – Sep 25, 2024, 12:00 PM CDT China is actively promoting...Continue Reading