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...of the US gas export industry....
...Prior to the Ukraine invasion, Troost was among the largest sellers of crude oil from eastern Russia, which he traded through Paramount Energy & Commodities SA, the company he founded in Switzerland in 2017...
...Venture Global’s first LNG facility, Calcasieu Pass, located on the Gulf coast in Louisiana, commenced producing LNG in January 2022 and exported its first cargo two months later....
...Crude oil production has fallen sharply in the past two decades with monthly output dropping to a four-decade low in February....
...The revision comes after the company pledged to devote a higher proportion of spending to oil and gas last year, and other oil groups such as BP have slowed their retreat from oil....
...“The market had been complacent about the Gaza conflict expanding to include Iran and, therefore, a material risk to Arabian Gulf oil and [liquefied natural gas] production and exports,” he said....
...Federal waters of the Gulf account for about nearly 2mn barrels a day of crude oil production, or about 15 per cent of total US production that has recently been hitting records....
...US Gulf coast....
...The company produced an average of 10.7mn b/d of crude oil and other liquids last year, down from 11.5mn b/d in 2022....
...Saudi Arabia expects to free up a further 1mn b/d of oil for export by displacing liquid fuels used in the kingdom for power generation with gas, the person added....
...Construction of liquefied natural gas terminals along the Gulf of Mexico and Atlantic coasts have vaulted the US above Qatar as the top global LNG exporter, enabling it to replace critical European supplies...
...Shell, TotalEnergies and Portugal’s Galp have made a series of discoveries of oil (and some gas) off the coast of the south-west African country in the past two years....
...US crude oil and natural gas output is set to notch fresh records in 2024 and 2025, the government has forecast, despite mounting fears that the shale revolution that fuelled the nation’s energy boom has...
...The US has over the past eight years become the world’s largest exporter of LNG, as developers built projects along the Gulf and Atlantic coasts to funnel the country’s sudden bounty of shale gas into ocean-going...
...Analysts and shipping executives also expect further diversions to boost the currently modest rates for crude oil tankers....
...Brent crude, the international oil benchmark, fell 3.9 per cent to $75.70 a barrel after Riyadh over the weekend lowered its official selling prices....
...Oil prices rose on Thursday, with Brent crude up almost 2 per cent on the day at $78 a barrel....
...But many US Gulf coast refineries are sharply reducing production as they upgrade their facilities and analysts say there will be less surplus diesel available for Europe....
...The surge in supply led to gluts in the region surrounding CVR’s two refineries in Coffeyville, Kansas and Wynnewood, Oklahoma, allowing the company to buy crude oil at knockdown local prices and sell refined...
...About one-fifth of the world’s crude oil and liquefied natural gas flows through the strait daily. In 1973 and 1979 oil flows through the strait stopped*....
...For decades communities on the US Gulf Coast in Louisiana and Texas have lived in the shadows of gigantic petrochemical factories belching out toxins that earned their regions ignominious monikers, such...
...oil towards its Talara refinery on the Pacific coast....
...Venture Global’s Calcasieu Pass LNG plant, located on the Gulf coast in Louisiana, started producing LNG in January 2022 and exported its first cargo two months later....
...Opec+ members have agreed to make additional voluntary cuts to oil production in 2024 in an increasingly fraught attempt to bolster the market, but crude prices fell due to signs of ongoing strains in the...
...It is a stark contrast with three years ago, when the Covid-19 pandemic caused oil prices to plunge and drilling companies idled rigs and laid off workers....
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