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OPEC and its allies are largely expected to affirm another 400,000 b/d hike in crude oil production quotas for March when they meet Feb. 2, but sure to be weighing on the virtual discussions will be the elephant in the room — potential Western sanctions on Russia. Should those sanctions come to pass, the oil ...
Tensions between Russia and Ukraine are top of mind this week, along with China’s efforts to clear the air during the Lunar New Year holiday and ahead of the Winter Olympics. US natural gas production and low-alumina ore prices are also in focus. 1. Total shutdown of Russian gas to Europe highly unlikely: Platts Analytics ...
Amid soaring prices, Putin is planning a new pipeline to take gas east instead of west
The withdrawal from US natural gas inventories likely doubled the five-year average during the week of the Thanksgiving holiday as pulls were measured in all regions except the Pacific. The US Energy Information Administration is expected to report a 59 Bcf withdrawal for the week-ended Nov. 26, according to a survey of analysts by S&P ...
OPEC will begin its first formal discussions over its next secretary general when it meets Dec. 1, with heavyweight Saudi Arabia thought to back a change as the producer group struggles to contain a volatile oil market and withstand energy transition pressures. Sources told S&P Global Platts that Riyadh is supporting the candidacy of Kuwait’s ...