Nat Gas News A Way to Halt Natural Gas Flaring Arrives on the Back of a Truck Perched on the back of a semi-trailer is the latest weapon in tackling the problem of wasted natural gas that oil producers often vent into the air or even burn off at the wellhead. Cryobox takes fuel directly […]
Yesterday’s continued oil price drops seems odd when surveying the entire oil landscape. Heavy losses stemmed from the World Health Organization’s proclamation that the coronavirus is a world health emergency, and the US government recommended US citizens evacuate the country. Over 10,000 have been infected by the virus, with now over 200 casualties. Despite the […]
The crude market was down for the week. The major news driving markets this week continues to be the Coronavirus coming from China. The World Health Organization has declared a global emergency but has reassured the world that it is confident that China can contain the virus. The sickness has stoked the fear that people […]
According to Algeria’s energy minister, Mohamed Arkab, OPEC is considering pushing forward a meeting initially scheduled for March after oil prices dropped on concern that the spread of coronavirus would hurt oil demand. The March meeting is likely to be moved to February. OPEC will consider continuation of current cuts and possibly even deeper cuts […]
Yesterday, crude prices closed higher after the World Health Organization reassured markets that China would contain the coronavirus. The World Health Organization stopped short of calling the virus an international emergency on Tuesday, while expressing confidence that China’s leadership would contain the virus in the coming weeks. Crude prices are up in early trading this […]
Saudi Arabia, UAE Caution Oil Market Against Gloom Over China Virus Saudi Energy Minister Prince Abdulaziz bin Salman said the impact being seen on oil and other markets was “primarily driven by psychological factors and extremely negative expectations adopted by some market participants despite its very limited impact on global oil demand. “Such extreme pessimism […]
Yesterday, crude closed at the lowest level since mid-October, with the coronavirus threatening global energy demand. Alarm over the potential for China’s coronavirus to limit travel and economic activity has already pushed oil prices down by approximately 10% since early last week. The death toll from the coronavirus rose to 81 and the Chinese government […]
Pandemic threats are keeping markets on high alert this morning, and prices are plummeting out of fear that demand may grind to a standstill in China. With concerns escalating, we’ll focus today on review what a coronavirus is and why it’s impacting oil markets: What Is a Coronavirus? The coronavirus is actually a family of […]
Nat Gas News U.S. LNG Booms As Natural Gas Prices Crash Natural Gas Intel reported: Despite the current oversupply and depressed natural gas prices all over the world, the global liquefied natural gas (LNG) market is set for further growth, at least into the middle of this decade, as suppliers sanction new projects and major […]
The crude market was down for the week. The major news driving markets this week is the Coronavirus coming from China. The sickness has stoked the fear that people will travel less or stop travelling all together. According to Goldman Sachs, oil markets are likely to take a hit from China’s deadly coronavirus, with aviation […]
