Ai Could Drive Natural Gas Boom As Utilities Face Surging Electric Demand
Natural gas producers are bullish on demand as they see significant upside from the immense energy needs of artificial intelligence and data centers.
Petrobras Boosts Production By 3.7 Percent Yoy
Petrobras attributed the year-over-year increase mainly to the ramp-up of its floating production, storage and offloading units (FPSOs). :
Petróleo Brasileiro SA’s (Petrobras) reported first-quarter average production of oil, natural gas liquids (NGLs), and natural gas of 2.776 billion barrels of oil equivalent per day (boepd), an increase of 3.7 percent compared to the same period in 2023.
Ai Craze, Lng Exports Offer Hope For America’s Gas Producers
The warmest winter ever experienced in the United States further suppressed heating demand for natural gas, contributing to prices averaging below $3 per MMBtu in the ...
Closing Prices For Crude Oil, Gold And Other Commodities
Benchmark U.S. crude oil for June delivery rose 28 cents to $83.85 per barrel Friday. :
Benchmark U.S. crude oil for June delivery rose 28 cents to $83.85 per barrel Friday. Brent crude for June delivery rose 49 cents to $89.50 per barrel. Wholesale gasoline for May delivery was unchanged at $2.76 a gallon. May heating oil was unchanged at $2.55 a gallon. May natural gas fell 3 cents to $1.61 per 1,000 cubic feet. Gold for June delivery rose $4.70 to $2,347.20 per ounce.
Diamondback Energy (fang): Oil Outlook Improving, But Stretched Valuation, Merger May Fail
In mid-2022, I published a bullish outlook on the oil and gas producer Diamondback Energy (NASDAQ:FANG) in "Diamondback Energy: Oil Producers To Benefit From Substantial Decline In Crude Reserve." At that time, I believed that crude oil prices would inevitably rebound due to the significant decline in total US storage levels and tepid production growth. Combined with rising exports to Europe, offsetting Russia, it seems likely that oil prices would not remain as low as they were then. Since that article was published, FANG has risen by around 73%, delivering a solid total return of about 80%.
Consortium Of 3 Li Ka-shing Firms Acquires Phoenix Energy, Northern Ireland’s Largest Natural Gas Distribution Network, For Us$941 Million | South China Morning Post
A consortium of CK Infrastructure, CK Asset Holdings and Power Assets Holdings is acquiring the largest natural gas network company in Northern Ireland. The deal is expected to be completed by the end of April.
The Oil And Gas Industry Might Be What’s Keeping Biden’s Economy Humming On Paper Despite ‘regulatory Assault’ | The Daily Caller
'Industry-killing domestic regulations':
Oil and gas production is stubbornly hanging on as a key source of economic growth amid a “regulatory assault” from the Biden administration that seeks to wean the U.S. off of fossil fuels, experts told the Daily Caller News Foundation. Real U.S. gross domestic product (GDP) grew 2.5% in 2023, with the states experiencing the most growth owing largely to their mining sectors, which include oil and gas extraction, according to data from the Bureau of Economic Analysis (BEA).
They're Trying To Stop Liquified Natural Gas Development And Exports
FOX Business host Larry Kudlow says if President Biden and his 'Green New Deal gang' are re-elected, the country could face 'massive electricity and other power shortages.'
Ai Boom To Fuel Natural Gas Demand In Coming Years, Report Says - Cna
FILE PHOTO: A flare burns excess natural gas in the Permian Basin in Loving County, Texas, U.S. November 23, 2019. Picture taken November 23, 2019. REUTERS/Angus Mordant/File Photo A spike in power usage from artificial intelligence (AI) data centers could significantly boost natural gas demand in the second half of the decade, analysts at investment banker Tudor Pickering Holt & Co said in a report on Tuesday. As much as 8.5 billion cubic feet per day of natural gas could be required additionally to match the rise in demand, the report added.
Malaysian Tycoon Shamsuddin’s Sapura Energy To Sell Gas Producer To Totalenergies For $705M
Malaysian tycoon Shahril Shamsuddin's Sapura Energy is selling 50% of natural gas producer SapuraOMV Upstream to TotalEnergies for $705 million.