- Crude Oil (WTI) 104.61 USD/bbl 1.34%
- Crude Oil (Brent) 107.98 USD/bbl 0.60%
- NYMEX Natural Gas 2.92 USD/MMBtu 1.39%
- OPEC Basket Price 123.11 USD/bbl 5.58%
Libya
Libya Targets 4 bcf/d Gas Production Within Five Years
Libya plans to raise natural gas production to at least 4 Bcf/d within three to five years, leveraging its discovered gas resources, Oil and Gas Minister Khalifa Rajab Abdulsadek said.
Gastech Conference
China, India LNG Demand Poised for Recovery as Global Supply Eases
China and India’s liquefied natural gas (LNG) imports are expected to recover from multi-year lows once the Middle East supply crunch ends and prices decline, Reuters reported, citing industry executives.
SGC
ADNOC’s XRG Finalizes Acquisition of 12.5% Stake in Azerbaijan’s Southern Gas Corridor
XRG, the international energy investment platform wholly owned by Abu Dhabi National Oil Company (ADNOC), has completed the acquisition of a 12.5% stake in Azerbaijan’s Southern Gas Corridor CJSC (SGC) from the country’s Ministry of Economy after securing the required regulatory approvals. The transaction strengthens XRG’s position across the Caspian gas value chain by combining its upstream interests in Azerbaijan and Turkmenistan with strategic gas-export infrastructure connecting Caspian resources to Türkiye and European markets.
LNG Supply deal
Venture Global Signs 20-Year LNG Supply Deal With China Gas
Venture Global will supply China Gas with 0.5 MTPA of US LNG under a 20-year agreement starting in 2030.
Aramco
Saudi Aramco Considers Arlanxeo Sale as Part of $35 Bn Asset Plan
Saudi Aramco is considering selling specialty chemicals company Arlanxeo as the Saudi energy company seeks to raise funds through an asset divestment plan worth as much as $35 billion, according to Bloomberg.
Take control
Trump Eyes Venezuela‑Style Scenario for Iran Oil
Trump said the United States could remain in Iran and retain access to its oil, while reiterating that he expects the war to end by the end of 2026.
Houthis
Saudi East-West Pipeline Closure Puts 4% of Global Oil at Risk
Saudi Arabia could face an oil export shortfall within days if its East-West pipeline remains shut following drone attacks, putting up to 4% of global supply at risk.
LNG market
ExxonMobil: US to Capture 30% of Global LNG Market by 2030
The United States (US) could account for around 30% of the global liquefied natural gas (LNG) market by 2030, as expanding natural gas production supports higher exports, according to Peter Clarke, Senior Vice President of LNG at ExxonMobil Upstream. Speaking at an energy forum in Bangkok on September 14, Clarke said the US has emerged as a major LNG supplier, supported by North America's position as one of the world's largest natural gas-producing regions.
