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EIA’s Remarkable Forecasting Accuracy

EIA’s Remarkable Forecasting Accuracy

Τρι, 21 Ιανουαρίου 2025 - 20:40

The US Energy Information Administration (EIA) published mid-January a look-back at its crude oil production and prices forecasts over the last three years

In First Look at 2026, OPEC Predicts Ongoing Oil Demand Growth

In First Look at 2026, OPEC Predicts Ongoing Oil Demand Growth

Τετ, 15 Ιανουαρίου 2025 - 18:46

OPEC forecast on Wednesday world oil demand in 2026 will rise at a similar rate to this year, while reducing its figure for 2024 for a sixth time, following economic weakness in China, the world's biggest importer of oil

Greece’s Dependence on Natural Gas Imports from Russia and Turkey Grows

Greece’s Dependence on Natural Gas Imports from Russia and Turkey Grows

Τετ, 15 Ιανουαρίου 2025 - 17:37

The European energy market is becoming vulnerable to any new disruption in natural gas supplies, and is concerned about its dependence on Russian imports and the growing role of Turkey in Europe’s supply, writes Chryssa Liaggou in a latest report in the “Kathimerini” daily

U.S. Sanctions Serbias Sole Refiner NIS

U.S. Sanctions Serbia's Sole Refiner NIS

Παρ, 10 Ιανουαρίου 2025 - 19:43

The US Department of Treasury said on Friday it has imposed sanctions against Serbian oil and gas company NIS as part of a wider set of measures targeting Russia's energy sector

Shell Warns of Weaker Fourth Quarter LNG, Oil Trading

Shell Warns of Weaker Fourth Quarter LNG, Oil Trading

Τετ, 8 Ιανουαρίου 2025 - 19:13

Shell trimmed its liquefied natural gas production outlook for the fourth quarter on Wednesday and said oil and gas trading results are expected to be significantly lower than in the previous three months

Ukraine Receives Its First Shipment of American LNG via Greece

Ukraine Receives Its First Shipment of American LNG via Greece

Τρι, 7 Ιανουαρίου 2025 - 19:33

Ukraine received its first shipment of liquefied natural gas (LNG) from the United States on December 27, marking a crucial step in diversifying its energy sources. This delivery comes as the country prepares to let a long-standing agreement on Russian gas transit to Europe expire. DTEK, Ukraine’s largest private energy company, confirmed that approximately 100 million cubic meters of LNG were delivered to a Greek regasification terminal in the Mediterranean before being transported via pipeline to Ukraine

Cyprus: Gas Drilling Scheduled for Mid-January

Cyprus: Gas Drilling Scheduled for Mid-January

Σαβ, 4 Ιανουαρίου 2025 - 15:47

ExxonMobil has announced that its Stena IceMax drillship will commence exploratory drilling in mid-January at the 'Electra' site within Block 5 of Cyprus' Exclusive Economic Zone (EEZ), according to Energy Minister George Papanastasiou. "The geological formations at 'Electra' show promise," Papanastasiou told CNA

Italy Calls for EU Gas Price Cap at 60 Euros per Megawatt Hour

Italy Calls for EU Gas Price Cap at 60 Euros per Megawatt Hour

Παρ, 3 Ιανουαρίου 2025 - 19:01

The European Union should extend its emergency cap on gas prices and set a ceiling of 60 euros per megawatt hour to prevent a possible energy price shock, Italy's Energy Minister Gilberto Pichetto Fratin said on Friday

Trump Threatens EU With Tariffs Over Oil and Gas Imports

Trump Threatens EU With Tariffs Over Oil and Gas Imports

Παρ, 20 Δεκεμβρίου 2024 - 17:50

U.S. President-elect Donald Trump said on Friday the European Union should step up U.S. oil and gas imports or face tariffs on the bloc's exports that include goods such as cars and machinery. The EU already buys the lion's share of U.S. oil and gas exports, according to U.S. government data. No extra volumes are currently available as the United States is exporting at capacity, but Trump has pledged to further grow the country's oil and gas production

EU to Grant 25 Mln Euro for Krk LNG Terminal Capacity Boost

EU to Grant 25 Mln Euro for Krk LNG Terminal Capacity Boost

Παρ, 20 Δεκεμβρίου 2024 - 17:40

LNG Hrvatska (LNG Croatia), the operator of the country's liquefied natural gas (LNG) terminal on Krk island, will receive a grant of 25 million euro ($26 million) under the European Union-sponsored national Recovery and Resilience Plan (RRP) for a planned capacity increase, the Croatian economy ministry said