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U.S. Natural Gas Prices Drop 6% as WTI Oil Craters by Nearly 9%

OilPrice

natural gas prices fell by 6% on Friday morning amid the overall panic market selling, but the benchmark Henry Hub price was declining less than the WTI Crude prices, which sank by more than 8% to hit a low of $61 per barrel. This WTI price is now below the average $65 per barrel price U.S. The benchmark price for U.S.

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Exxon Bets Big on Natural Gas in Its Eighth Guyana Oil Project

OilPrice

ExxonMobils eighth oil project offshore Guyana will also be the biggest natural gas development of the Exxon-led consortium in the prolific Stabroek Block. Exxon and its partners in Guyanas oil projects, U.S. Hess Corp and CNOOC of China, expect to produce up to 1.5

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Russia Targets Major Surge in Natural Gas Exports by 2050

OilPrice

Russia expects its natural gas exports, including via pipeline and LNG, to jump twofold by 2030 and threefold to 2050 under its new long-term energy strategy approved by the government on Monday. million barrels per day (bpd), in 2023 to 540 million tons, or 10.8 million bpd, by 2050.

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USA Crude Oil Inventories Rise by Almost 4MM Barrels WoW

Rigzone

million barrels on June 27, the EIA's latest weekly petroleum status report showed. million barrels from the week ending June 20 to the week ending June 27, the U.S. million barrels on June 27, 415.1 million barrels on June 20, and 448.5 million barrels on June 28, 2024. million barrels on June 27, 415.1

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Riyadh’s $8 Billion Solar Surge Leaves Oil Strategy Untouched

OilPrice

The Kingdom, the world’s top crude oil exporter, wants to develop all forms of energy, diversify its economy from oil, and replace oil in power generation with renewables and natural gas. The Saudis are not abandoning their primary role in global oil production and supply. In one of the latest…

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USGS Discovers Large Oil & Gas Deposits In Wyoming   

OilPrice

Geological Survey (USGS) has discovered large oil and gas deposits in the Mowry Composite Total Petroleum System that spans parts of Wyoming, Colorado and Utah. The report estimates large hydrocarbon resources, including 473 million barrels of oil and 27 trillion cubic feet (tcf) of natural gas. This new USGS

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Keyera buying Plains’ Canadian natural gas liquids business for $5.15 billion

BOE Report

has signed a deal to buy Plains’ Canadian natural gas liquids business, as well as select U.S. The assets under the deal include 193,000 barrels per day of fractionation capacity, 23 million barrels of storage capacity and over 2,400 kilometres of pipeline infrastructure. CALGARY – Keyera Corp. assets, for $5.15