Media

As the U.S. continues to experience a surge in natural gas demand, particularly through liquefied natural gas (LNG) exports, the oil and gas industry is seeing some significant changes. According to recent data from LSEG (formerly Refinitiv), natural gas flowing to U.S. LNG export plants is expected to reach a 10-month high. This growth is mainly driven by increased demand for natural gas overseas, as countries look to secure more reliable and cleaner energy sources. With this, the U.S. has maintained its position as the world’s top LNG exporter, surpassing Qatar and Australia.

The U.S. Department of Energy is grappling with financial constraints as it seeks to replenish the Strategic Petroleum Reserve (SPR), following extensive drawdowns in recent years. With crude oil prices now stabilizing around $70 per barrel—below the administration’s target price of $79—the timing appears favorable for refilling the stockpile.

The U.S. Department of Energy is grappling with financial constraints as it seeks to replenish the Strategic Petroleum Reserve (SPR), following extensive drawdowns in recent years. With crude oil prices now stabilizing around $70 per barrel—below the administration’s target price of $79—the timing appears favorable for refilling the stockpile.

The shift from fossil fuels to renewable energy sources, often called the energy transition, is proving to be more challenging than many had hoped.

Chevron recently made headlines by starting oil production from a field with extreme pressure levels — 20,000 pounds per square inch (psi), which is three times higher than what was previously possible. This breakthrough could open up access to up to 5 billion barrels of oil that were previously out of reach.

In a recent interview with Donald Trump on X, Elon Musk, CEO of Tesla and a well-known advocate for renewable energy, made an important point about the oil and gas industry.

On April 8, 2024, as the spectacle of a total solar eclipse unfolds, drawing the attention of spectators worldwide, it offers more than just a moment of awe-inspiring wonder.

Having immersed myself in the world of strategic investments for years as well as being part of the oil and gas industry for many years, I have been able to gain a solid perspective on this unique asset class.