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LNG terminal

LNG Bottlenecks Are Emerging In Crisis-Struck Europe | OilPrice.com

European countries have boasted that their gas storage facilities have been filled at higher than usual levels before the start of winter. Yet more LNG cargos are arriving in Europe at such rates that they are jamming ports. And freight rates are through the roof, adding to already record LNG prices. Earlier this week, the …

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Fracking

Energy Earnings Set To Ease, But Oilfield Services Remain Strong | OilPrice.com

The energy sector has enjoyed bumper profits in the current year, with Big Oil companies setting records right, left and center. ExxonMobil (NYSE: XOM), Chevron (NYSE: CVX) swear Shell (NYSE: SHEL) together brought in $46 billion in earnings in the second quarter, with all three setting new records for quarterly earnings. Overall, high commodity prices …

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OPEC

All Eyes On OPEC+ As Oil Prices Drop Below $90 | OilPrice.com

OPEC+ may have to make much deeper cuts to their collective oil production targets this winter as a recession looms over Europe as it struggles with a severe energy crisis and China shows signs of waning oil demand. The token 100,000-barrels-per-day (bpd) cut announced this week is largely irrelevant to the oil market balance. But …

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Oil Industry

What Recession? The US Oil Industry Won’t Stop Growing | OilPrice.com

In Europe, fears of a potentially deep recession continue to take hold. Meanwhile, these fears seem to have subsided in North America—at least in the oil industry. Instead, it’s back to growth mode for the shale patch and the oil sands. This is according to Schlumberger, whose chief executive said this week that activity in …

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OPEC Production Cuts

Further OPEC+ Production Cuts Could Be Looming | OilPrice.com

OPEC+ reversed on Monday this month’s increase in oil production targets and cut the group’s collective quota by 100,000 barrels per day (bpd) for the month of October. While the move is totally negligible in terms of actual supply to the market, considering not only the slight change in the overall target but also the …

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Large Hadron Collider

Europe’s Energy Crisis Could Force The Large Hadron Collider To Be Idle | OilPrice.com

The energy crisis in Europe is not only disrupting businesses and household finances, but it’s also hitting at the heart of crucial scientific research and experiments. The European Organization for Nuclear Research, CERN, the world’s largest particle physics lab and home of the Large Hadron Collider, could shut down some accelerators and could even idle …

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Buffett Oxy

What’s Behind Buffett’s Renewed Interest In Occidental? | OilPrice.com

Warren Buffett, through Berkshire Hathaway Inc., (NYSE:BRK.A), (NYSE:BRK.B) has been quietly amassing a significant stake in Occidental Petroleum, (NYSE:OXY). As of early August, he had acquired a 20% stake in the common shares of OXY, arousing speculation about what his true plans were. On Friday the 19thth of August the Federal Energy Regulatory Commission-FERC, granted …

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