Notice to Subscribers
Energy Intelligence announced a delay in releasing its daily natural‑gas spot price data for the May 5, 2026 trade day due to a technical issue. The company said it will publish the prices once the issue is resolved. This interruption affects market participants who rely on timely price benchmarks for trading, risk management, and pricing contracts.
Gas Needed to Replace Offline Nuclear Capacity, May 5, 2026
The Energy Intelligence report highlights that rising natural‑gas demand will be required to fill the gap left by nuclear reactors going offline across the United States and Europe. Analysts estimate that up to 30 GW of nuclear capacity could be retired...
China Blocks US Sanctions on Refiners Buying Iranian Crude
China’s Ministry of Commerce issued a directive telling domestic refiners to ignore U.S. sanctions on Iranian crude, effectively allowing them to continue purchases. The move comes as President Donald Trump prepares for a high‑profile summit with President Xi Jinping in...
UAE Officials: Opec Exit Supports Higher Oil Output, Industrial Growth
UAE energy officials announced that the country’s sudden exit from OPEC last week frees its oil production from external quotas. The move is framed as a catalyst for higher output levels and a broader push toward industrial expansion. By shedding...
Russian Exports Grow in April Despite Ukrainian Attacks
Russia’s seaborne crude oil exports rose in April, marking a rebound after a period of decline. The increase came despite a series of Ukrainian drone strikes targeting export terminals and storage facilities. Export volumes grew modestly, indicating that Russia’s logistics...
Exxon, Chevron Ramp Refinery Utilization Amid Mideast Crisis
Exxon Mobil and Chevron are aggressively increasing refinery utilization in response to severe supply disruptions caused by the near‑closure of the Strait of Hormuz. The geopolitical bottleneck has driven crude and refined product prices to their highest levels in several...
Fossil Fuel Phaseout Initiative Moves to Next Steps
The inaugural Energy Transition Summit in Santa Marta, Colombia, gathered dozens of national leaders to chart a coordinated exit from fossil fuels. Delegates agreed to develop detailed road maps that translate high‑level pledges into actionable timelines, financing mechanisms, and regulatory reforms....
IOCs See Qatar NFE Expansion Start Still Possible by Early 2027
Executives from major international oil companies (IOCs) and EPC contractors say QatarEnergy’s North Field East (NFE) LNG expansion can still commence shipments by early 2027. The timeline assumes the ongoing Middle‑East conflict does not further disrupt the region’s infrastructure. While...
Canada's Gas-Rich Montney Shale Braces for Upstream M&A Influx
Shell’s $16.4 billion acquisition of ARC Resources has thrust Canada’s Montney shale into the global spotlight. The deal underscores the play’s reputation for high‑liquids gas, a rare commodity in a market where dry gas inventories are shrinking. International oil and gas...
FERC Continues Narrowing Scope of Environmental Reviews
The Federal Energy Regulatory Commission (FERC) has reversed its recent push to expand environmental reviews of natural‑gas pipelines and liquefied natural gas (LNG) projects. By narrowing the scope of these reviews, the agency can move approvals forward more quickly, even...
US Producer Antero Expects Cash Boost From Mideast War
Antero Resources, a U.S. natural‑gas producer, says the ongoing Middle East conflict will act as a significant cash‑flow tailwind. The near‑closure of the Strait of Hormuz is tightening global oil and gas supplies, pushing prices higher. Antero expects higher gas...
New US Entrants Lining Up to Fill Global LNG Supply Gap
U.S. developers of liquefied natural gas (LNG) have cleared two critical regulatory hurdles, positioning new export projects to enter service within the next few years. The Federal Energy Regulatory Commission approved construction permits while the Department of Energy issued export...
Oxy’s Hollub Set to Pass Baton After Decade at Helm
Occidental Petroleum announced that CEO Vicki Hollub will retire on June 1, ending a ten‑year tenure at the company’s helm and a 40‑year career with the Houston‑based independent. Under her leadership, Oxy solidified its position as one of the United...
ConocoPhillips Stays in Cruise Control Despite Price Surge
ConocoPhillips, the U.S. independent oil producer, announced it will keep its upstream operations on a “cruise control” mode through the end of 2024. The company said it will not accelerate drilling or capital spending despite oil prices soaring above $90...
EIA Report Shows Expanding US-Venezuela Oil Trade
U.S. imports of Venezuelan crude have risen sharply, reaching the highest weekly volumes since late 2018, according to the Energy Information Administration. The surge reflects a modest easing of sanctions that now permits limited PDVSA shipments to U.S. refineries. Imports...
Market Watch: June Nymex Rises After Latest Storage Data
June NYMEX gas futures rose 12¢ to $2.767 per MMBtu after a weekly storage build fell slightly below analysts' expectations. Gelber & Associates said the lighter build signals a tighter market balance, noting higher residential and commercial consumption in cooler...
Oil Prices, Apr. 30, 2026
Oil prices ended April with heightened volatility, as Brent hovered near a wartime‑high of roughly $100 a barrel driven by blockade fears in the Middle East. ConocoPhillips announced it will maintain steady upstream activity through year‑end despite the price surge,...
Brent Closes Near Wartime High on Blockade Fears
Brent crude edged toward $90 a barrel on Wednesday, matching levels seen at the start of the Middle East conflict two months ago. The rally was driven by escalating fears that the Strait of Hormuz, a critical chokepoint for global...
Market Watch: June Nymex Slides As It Takes Over Prompt-Month
June NYMEX natural‑gas futures slipped 4.4 cents, settling at $2.647 per MMBtu. The decline reflects continued mild spring weather that suppresses heating demand. Analysts cite robust U.S. production and strong storage builds as key factors keeping prices near multi‑month lows....
Phillips 66 Sees Reason for Optimism for US Downstream
Phillips 66 says the U.S. downstream sector can weather supply shocks in the Strait of Hormuz better than peers. The company points to the nation’s extensive pipeline network, flexible refining slate and robust strategic reserves as buffers. This resilience, it argues,...
Gas and LNG Markets, Apr. 29, 2026
The escalating conflict in the Middle East is reshaping global gas and LNG markets, pushing Brent crude close to wartime highs and sparking fears of supply disruptions. U.S. sanctions targeting Hormuz toll payments add a non‑kinetic pressure layer, while major...
Expand Energy Strikes New Delfin LNG Offtake Deal
Expand Energy announced it will increase its offtake commitment for the proposed Delfin LNG project in the Gulf of Mexico. The company aims to secure a larger share of the plant’s output to benefit from rising global LNG spot prices....
Critical Notices, Apr. 29, 2026
The April 29 Critical Notices roundup highlights several market‑moving items. Expand Energy, the United States’ largest gas producer, signed a new offtake agreement for Delfin LNG, targeting Gulf Coast export terminals to lock in higher overseas prices. Meanwhile, Russia’s Gazprom is...
Engie JV Strikes Deal to Abandon US Offshore Wind Leases
The U.S. Department of the Interior reached an agreement with Ocean Winds, the 50‑50 joint venture of Engie and Energias de Portugal, to relinquish two offshore wind lease rights. In exchange, the JV will channel investments into fossil‑fuel projects. The...
Shell Beefs Up Canadian Shale Gas to Bolster Reserves, LNG Plans
Shell announced a $16.4 billion acquisition of Canadian shale producer Arc Resources. The deal is designed to shore up Shell’s dwindling reserve base and extend its production runway. It also underpins the company’s ambition to double the capacity of its LNG...
Crude Futures Rise as Banks Price In Longer Disruptions
Crude futures climbed on Monday as traders priced in a longer‑than‑expected near‑closure of the Strait of Hormuz. The market shift reflects stalled US‑Iran negotiations that keep the strategic waterway’s status uncertain. Futures rose roughly 2% across benchmark contracts, signaling heightened...
Gas and LNG Markets, Apr. 27, 2026
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Natural Gas Spot Prices, Apr. 27, 2026
On April 27, 2026, U.S. natural‑gas spot prices edged lower despite the inaugural cargo from Golden Pass LNG, signaling modest price softness amid rising export volumes. Shell announced a $16.4 billion acquisition of Arc Resources to expand Canadian shale assets and...
Oil Prices, Apr. 24, 2026
Crude futures surged on April 24 as escalating tensions between the United States and Iran heightened concerns over the Strait of Hormuz, pushing Brent back above the $100 per barrel mark. The geopolitical risk reverberated across the energy sector, prompting...
Baker Hughes Sees Continued Growth in Power, LNG
During its first‑quarter earnings call, Baker Hughes reported a record $4.9 billion in orders for its Industrial and Energy Technology (IET) business. The surge was primarily fueled by demand for power systems, liquefied natural gas (LNG) equipment, and gas‑infrastructure projects. Executives...
Crude Prices Tread Water Heading Into Weekend
Crude futures were largely unchanged on Friday, trading within a tight band as traders focused on diplomatic efforts to end the Middle East war. Attention centered on the potential reopening of the Strait of Hormuz, a critical chokepoint for global...
SLB Sees Mideast Supply Crunch Driving Investment
SLB reported a first‑quarter earnings decline tied to the ongoing Middle East crisis, which disrupted oil‑field service supply chains. The company said the regional supply crunch is prompting operators to accelerate capital spending on new projects. While short‑term results were...
Range Thinks Globally, EQT Acts Locally as Cash Flows Soar
In Q1 2026 Appalachian gas producers Range Resources and EQT reported soaring cash flows. Range attributed its 45% year‑over‑year increase to higher natural‑gas prices driven by geopolitical tensions, while EQT posted a 30% rise to $1.2 billion thanks to record production despite...
Lawsuit Aims to Reverse New York's Decade-Old Fracking Ban
A coalition of oil and gas companies has filed a lawsuit in Albany seeking to overturn New York's 2014 ban on hydraulic fracturing. The plaintiffs argue the ban infringes on constitutional property rights and stifles economic development. State officials maintain...
Hormuz Crisis Fails to Revive US LNG Panama Canal Traffic
The closure of the Strait of Hormuz in late February has not spurred a noticeable rise in U.S. LNG vessels transiting the Panama Canal. Market participants continue to route U.S. LNG to Asian buyers via the longer Cape of Good...
Golden Pass LNG Exports First Cargo Into Wartime Market
Golden Pass LNG’s Al Qaiyyah vessel loaded 174,000 cubic meters of liquefied natural gas and departed the Texas export terminal, marking the first cargo destined for a wartime market. The shipment arrives as global gas supplies are strained by the Ukraine conflict and...
AI Adoption Gains Momentum Among E&Ps
Artificial intelligence is rapidly moving from pilot projects into routine upstream workflows at exploration and production (E&P) firms. Operators cite higher discovery and recovery rates, improved operational efficiency, and cost reductions as primary incentives. While the technology promises stronger cash...
Global Strife Boosts US Gas Players' Output, Profits
In the first quarter of 2026, two Appalachian natural‑gas producers posted stronger cash flow as global geopolitical tensions lifted gas prices and a record production run defied a brutal winter. One company credited the price surge from overseas conflicts, while...
Mideast War to Erase Nearly All 2026 Oil Demand Growth
Energy Intelligence’s latest forecast predicts that the Middle East war will wipe out almost all growth in global oil demand for 2026. The supply shock from disrupted production and export bottlenecks has driven the projected increase to near zero, a...
Energy Intelligence Price Forecasts
Energy Intelligence’s April briefing highlights a sharp shift in the global oil market as the Middle‑East war drives 2026 demand growth toward zero and pushes Brent crude back above $100 per barrel. Iran’s domestic tanker fleet can keep crude loadings...
Brent Rises Back Above $100 as Focus Remains on Hormuz
Brent crude climbed back above $100 a barrel on Wednesday after President Donald Trump announced an indefinite extension of the U.S. cease‑fire with Iran. The move left the strategic Strait of Hormuz partially open while the U.S. blockade of Iranian‑flagged...
Egypt Seeks IOC Upstream Boost to Offset Dwindling Gas Supplies
Egypt is confronting a second gas shortage in ten years as fuel prices surge due to the Middle‑East conflict. The government is urging international oil companies (IOCs) to accelerate upstream projects in its Mediterranean offshore basins to close the supply...
Oil Prices Creep Higher Ahead of Ceasefire Decision
Oil futures nudged higher on Tuesday as President Donald Trump announced an indefinite extension of the U.S. cease‑fire with Iran. The move lifted sentiment in the market, but analysts warned that the cease‑fire does not guarantee a durable peace. Prices...
Trump Invokes Defense Production Act for Energy Funding
President Donald Trump invoked the Cold War‑era Defense Production Act to channel federal funding into a suite of energy projects. The move targets soaring energy costs and recent supply‑chain bottlenecks by encouraging domestic production of critical components such as batteries,...
Market Watch: May Nymex Gas Contract Inches Higher
May natural‑gas futures on the NYMEX edged up 0.8 cents to $2.697 per million British thermal units on Tuesday. Gelber & Associates noted the move recovers a fraction of the steep decline seen since the start of the injection season. The...
Souki on the Hook for $39 Million in Investor Suit
A Colorado jury ordered Charif Souki, co‑founder of Cheniere Energy and a pioneer of U.S. LNG exports, to pay $39 million to a former investor after finding he breached a promise made in a 2019 text message. The lawsuit alleged Souki...
War-Driven Gas Demand Destruction Unsustainable, Execs Warn
Executives at the FT Commodities Global Summit warned that the sharp demand destruction for natural gas—triggered by soaring prices after the Middle‑East war—cannot be sustained across all sectors. High gas costs have forced industry players, especially in power generation and...
Natural Gas Spot Prices, Apr. 21, 2026
The source provided for the Natural Gas Spot Prices report dated April 21, 2026 contains no article body, so specific price figures and commentary are unavailable. In lieu of concrete data, the analysis draws on prevailing market dynamics as of...
Southeast Asia Scrambles for Supply as Crisis Tests Regional Unity
Petronas announced the receipt of a rare Iraqi crude cargo at its Pengerang refining hub, signaling a strategic move to shore up supplies as Middle East oil flows remain disrupted. The delivery comes amid a broader scramble by Southeast Asian...
TotalEnergies Turns Heads With Net-Zero Plan Step-Back
TotalEnergies, once hailed as an energy‑transition leader, announced it can no longer adopt its net‑zero transition plan. The company had previously set aggressive targets, including a 60% reduction in net‑carbon intensity by 2030 and a 2050 net‑zero goal, earning strong...