{ }
OPEC and its allies are unlikely to increase oil production this year, as they are benefiting significantly from refined products. Rystad Energy's Mukesh Sahdev indicated that the group, led by Saudi Arabia and Russia, aims to maintain global oil prices between $75 and $80 per barrel by continuing to limit output.
A significant influx of liquefied natural gas (LNG) supply is set to reshape global markets, with projections indicating an extended period of oversupply by 2026, potentially driving prices below $10. The U.S. and Qatar are expected to dominate the market, while demand growth in the Asia-Pacific region remains modest at 5% annually, primarily from China, India, and South Korea. Challenges loom as existing Russian gas contracts to Europe expire in 2024, necessitating increased LNG imports and tightening the global gas balance.
A new study reveals that importing US LNG for power generation is more harmful to the climate than using local coal, producing about a third more emissions. The research highlights that emissions from the entire LNG supply chain, including extraction and transportation, significantly outweigh the benefits of switching from coal. Amidst political debates in the US over LNG exports, President Biden announced a temporary pause on approvals, citing concerns over methane's environmental impact.

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.