Crude oil pipeline news
Soaring gas demand pushes exports to another record, delivers benefits for Australia
A new Federal Government report illustrates the soaring demand for Australia’s gas resources, pushing exports to record levels and helping fund public services and infrastructure.
Crude oil exports from other countries may pass through Russian infrastructure
Biden’s executive order does not restrict US energy imports originating in other countries that transit through Russia.
Pantheon Resources plc: Theta West #1 testing update
Pantheon is pleased to provide the following update.
Oil and gas contracts activity increased in 2021 due to improved crude prices
Annual oil and gas contracts activity reported an increase in the number of contracts and a substantial increase in disclosed contract value in 2021.
Crude oil prices higher than US$100/bbl in coming months
The EIA forecast that the price for WTI will average US$113/bbl in March and US$112/bbl for 2Q22.
Marathon petroleum shuts oil pipeline after leak in Illinois
Marathon Pipe Line Inc. has shut down a pipeline in Illinois that leaked crude oil into a local canal.
Oil prices sharpest decline in 2 years, but recovery likely
US$20/bbl oil price correction puts high hopes on OPEC+ amid volatility.
EIA: uncertainty in short-term energy outlooks
The EIA’s short-term energy outlook analyses current market conditions and forecasts energy supply, consumption and prices.
Oil could hit US$240/bbl if more Western countries join US embargo
Rystad Energy’s extraordinary note from Head of Oil Markets, Bjørnar Tonhaugen.
Shell announces intent to withdraw from Russian oil and gas
Shell today announced its intent to withdraw from its involvement in all Russian hydrocarbons, including pipeline gas, crude oil, petroleum products and LNG in a phased manner, aligned with new government guidance.