Russia’s budget revenues from oil and natural gas sales have dropped by more than 20% in 2025, according to data released by the finance ministry in Moscow. The department blamed the significant decrease on lower oil prices. The official stats come amid increased U.S. pressure on buyers of Russian crude around the world. Are you […]
The International Energy Agency, which has repeatedly predicted that global oil demand growth will peak before 2030, has drafted a report admitting that both oil and gas demand are set to continue growing for decades. Bloomberg’s Javier Blas reported the news in a column this week, citing a draft of the IEA report, World Energy Outlook. The […]
Woodside Energy and its North West Shelf Joint Venture partners have received final environmental approval from the Australian Government for the North West Shelf Project Extension, one of Australia’s most significant LNG operations. The approval follows an extensive assessment and appeals process, with new conditions imposed to safeguard cultural heritage and environmental resources. Requirements include enhanced […]
Data source: Natural Gas Intelligence Note: Prices are adjusted for inflation based on June 2025 Bureau of Labor Statistics’ Consumer Price Index data. Monthly average natural gas spot prices in the northwestern United States reached historic lows in 2025, as ample supply from Canada coincided with subdued regional demand for natural gas-fired electricity. At Northwest Sumas, a […]
In a bold declaration at the Gastech conference in Milan, Italy, U.S. Secretary of the Interior Doug Burgum and Energy Secretary Chris Wright have assured European leaders that the United States is poised to double its natural gas exports within the next four to five years. This commitment comes amid heightened global energy demands and […]
In the world of energy markets, where headlines often scream about impending gluts and oversupply, OPEC’s latest outlook is turning heads for all the wrong reasons—at least from the perspective of those expecting a flood of cheap oil. Much like the iconic 1984 Wendy’s commercial that famously asked, “Where’s the Beef?”, we’re left pondering: Where’s […]
In the complex web of global energy politics, the European Union’s hesitation to slap oil-related tariffs on major Russian oil buyers like China and India is creating ripple effects far beyond trade balances. As of September 2025, this reluctance not only underscores the EU’s pragmatic approach to sanctions but also poses a fascinating scenario for […]
Turkey’s Energy Minister Alparslan Bayraktar said via his social media channels that the deals were signed on Tuesday during the Gastech exhibition and conference, currently being held in Milan, Italy. Under the agreement with BP, approximately 1.6 billion cbm of LNG per year, totaling 4.8 billion cbm, will be delivered to Turkiye, he said. “This […]
Woodside said in a statement that the fully termed sale and purchase agreement (SPA)is for the supply of 1 million tonnes per annum (mtpa) of LNG to Malaysia from 2028 for aperiod of 15 years. This SPA follows a heads of agreement that the two firms signed in June this year. “Finalising this long-term LNG […]
In a candid interview with the Financial Times, U.S. Energy Secretary Chris Wright didn’t mince words about the global push for net-zero emissions by 2050. “Net zero 2050 is just a colossal train wreck… It’s just a monstrous human impoverishment programme and of course there is no way it is going to happen,” Wright declared. […]
