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LATEST ENERGY NEWS

Latest news and market reports from enegery industry. Market updates on crude oil, gas, electricity and bunker fuel.

BP Completed Loading of First LNG Cargo from GTA Project

BP Completed Loading of First LNG Cargo from GTA Project

The lifting of the first LNG cargo enables Mauritania and Senegal to become gas exporting nations.
U.S. Crude Oil Production Edged Higher in 2024

U.S. Crude Oil Production Edged Higher in 2024

Meanwhile, the Eagle Ford and Bakken regions each contributed 9% of the total U.S. crude oil production in 2024.
Santos Says Alaska Oil Project Could Start Early While First-Quarter Revenue Dips

Santos Says Alaska Oil Project Could Start Early While First-Quarter Revenue Dips

Sales volumes of crude oil for the quarter came in at 1.3 million barrels, down from 1.5 million barrels a year ago.
Haynesville Natural Gas Market Will Shift Amid Price Volatility, Enverus Says

Haynesville Natural Gas Market Will Shift Amid Price Volatility, Enverus Says

Longer laterals have kept total drilled but uncompleted (DUC) footage in line despite lower DUC counts.
Oil Heads for Weekly Rise as US Adds Sanctions on Iran, OPEC Cuts

Oil Heads for Weekly Rise as US Adds Sanctions on Iran, OPEC Cuts

He added that WTI could rise back to $65-$67 a barrel but may struggle with further gains.
Enstor Received FERC Approval for Mississippi Hub Expansion Project

Enstor Received FERC Approval for Mississippi Hub Expansion Project

Furthermore, it will generate jobs in the region, in addition to boosting economic development and tax revenues.
BP Announced New Oil Discovery Off the Louisiana Coast

BP Announced New Oil Discovery Off the Louisiana Coast

Over 400,000 barrels of production is expected to come from the Gulf of Mexico alone.
Keystone Pipeline Restarts After Oil Spill in North Dakota

Keystone Pipeline Restarts After Oil Spill in North Dakota

South Bow stated that they completed repairs, inspections, and testing at the spill site.
EU Plan to End Russian Oil and Gas Imports Due Out in May

EU Plan to End Russian Oil and Gas Imports Due Out in May

Unlike oil, the EU has not imposed sanctions on imports of Russian gas.
Oil Dips as Markets Assess Trade War Effects

Oil Dips as Markets Assess Trade War Effects

The uncertainty surrounding trade tensions has led several banks, including UBS, BNP Paribas and HSBC, to cut their crude price forecasts.
EIA Forecasts Surge in Eagle Ford Natural Gas Production by 2026

EIA Forecasts Surge in Eagle Ford Natural Gas Production by 2026

Since 2020, natural gas production from the Eagle Ford play has grown by 10%, while production has declined by 4%.

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Crude Oil Prices

Indiana Sweet$66.53
Alabama Light Sour$51.73
Eagle Ford Light$58.95
Arkansas Sour$53.75
Western Colorado$48.62

Bunker Prices

Dakar IFO 380$672.00
Corpus Christi IFO 180$520.00
LA/LB MGO 0.1%$610.00
Dakar IFO 180$498.00
Hamburg ULSFO 0.1%$

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