China’s CNPC to Boost Capacity at Giant Iraqi Oilfield to 1.2 Million Bpd

China’s CNPC to Boost Capacity at Giant Iraqi Oilfield to 1.2 Million Bpd

The supergiant West Qurna 1 oilfield in Iraq is expected to have its production capacity raised to 1.2 million bpd by 2035, the project’s subsurface manager, Cai Kaiping, has said. Oil production at the field has increased to 550,000 barrels per day (bpd) since China National Petroleum Corporation (CNPC) took over the operations a year […]

US Natural Gas and Heating Oil Prices Jump on Cold Snap Forecast

US Natural Gas and Heating Oil Prices Jump on Cold Snap Forecast

Natural gas and heating oil prices in the United States started the year with a spike as temperatures dropped amid a polar vortex that, according to forecasts, could bring the coldest weather in a decade to northern states. Natural gas prices have gone up by 4% since the start of the week…Read More

U.S. LNG Exports Surged at the End of 2024

U.S. LNG Exports Surged at the End of 2024

Exports of liquefied natural gas from the United States surged to a new high of 8.5 million metric tons in December, pushing the annual total up by 4.5% from 2023, data from LSEG has shown, as reported by Reuters. The December total, per the data, was only a little lower than the all-time high of […]