Iran’s Oil Minister To Attend OPEC Meeting. Iran confirmed Tuesday that it will be present at OPEC’s meeting next month to talk about freezing oil production. [Reuters]
Oil Prices Fall Thursday Morning. Doubts persisting over an oil production freeze impacted oil prices during the market open. [Reuters]
Phibro CEO Has Rosy Outlook For Natural Gas. Simon Greenshields is saying oil prices are stabilizing and will increase, but by how much? [Bloomberg]
British Oil Sector Rebounds. The British government reported that oil production rose by 17.3 percent compared to the first quarter of 2015 due to new fields but also due to reduced production in February in 2015, while production of natural gas rose by 6.0 percent. The country relies less on foreign resources.[UPI]
Declines in Asian LNG Imports Offset By Increases. Countries like Japan and South Korea have begun to import less LNG. Emerging Asian LNG import markets, including Thailand, Malaysia, Singapore, and Pakistan, currently account for a small share of total Asian LNG imports, but they may have the potential to increase their LNG imports soon. [Oilvoice]
Massachussets Court Deals Blow To Natural Gas Pipeline. A Supreme Judicial Court in Massachussets ruled against Eversource and other state utilities in their bid to charge electricity customers to pay for construction of an expanded pipeline. Now, Eversource officials have withdrawn petitions and plans to expand natural gas supplies for the region. [Hartford Courant]
Livestreamed Gulf Sale Generates Millions In Highest Bids. A lease sale hosted by the Bureau of Ocean Energy Management, livestreamed on the internet, yesterday pulleed in a total of three offshore energy companies participating in 24 bids. [MarineLink]
Anadarko Announces Leadership Change. Familiar faces are seeing new changes at Anadarko. [PennEnergy]
Buyer’s Market In US Shale Attracts More Land Purchases. Takeovers of other companies aren’t happening yet as companies are waiting for stable crude prices before making big moves in the shale market. [Dallas Morning News]
No End In Sight For European Gas Slump. Between the threat of war, earthquakes and Brexit, what will it take to stop natural gas prices from falling in Europe? [Bloomberg]
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