Author: intent

What Next for US LNG After Ukraine Gas Transit Halts?

Oil & Gas‚ Oil and Gas Industry | intent | January 6, 2025 | Comment off

Exports of Russian gas via pipelines running through Ukraine finally came to an end on New Year’s Day, marking the end of an era of Moscow’s dominance over Europe’s energy markets. Russia’s gas firm Gazprom said it had supplying gas at 0500 GMT on Wednesday after Ukraine refused to renew a transit agreement. Ukraine will lose up to $1 billion a year in transit fees from Russia– which it hopes to offset by quadrupling its domestic gas transmission tariffs for consumers–while Gazprom will lose close to $5 billion in gas sales. Ukraine gas amounted to 5% of total EU gas imports.

READ MORE

The Power Struggle Unfolding in Syria

Oil & Gas‚ Oil and Gas Industry | intent | January 6, 2025 | Comment off

As of the time of writing, an ongoing investigation had not managed to prove any link between the New Year’s Day truck explosion that killed 15 people in New Orleans and the Cyber Truck explosion later the same day in Las Vegas, which injured 7 people outside the Trump International Hotel.

READ MORE

Oil Market 2024 in Review: A Year of Surprises and Shifting Demand

Oil & Gas‚ Oil and Gas Industry | intent | January 6, 2025 | Comment off

In oil, 2024 was an interesting year, with OPEC and the International Energy Agency vastly differing in their forecasts about demand for the commodity that underpins the global economy. Other analysts also disagreed, leaving traders stuck between actual fundamentals and predictions based on unproved assumptions, such as the adoption rate of electric cars, which has been weakening everywhere except in China.

READ MORE

The Rise of Energy Storage in the Clean Energy Market

Oil & Gas‚ Oil and Gas Industry | intent | January 6, 2025 | Comment off

Wind and solar energy are critical to the global decarbonization movement but pose some key challenges for energy security in terms of steady supply and steady pricing. Solar and wind are variable energy sources, which means that their production levels fluctuate according to external and uncontrollable factors including the weather, time of day, and the seasons. Plus, some people have solar panels on their houses, making them both energy producers and consumers with a two-way flow to grids which were built with only one direction of flow in mind. And then there’s the runaway growth in electric vehicle markets, which will also present a whole new source of stress for electric grids.

READ MORE

Norway Doubles Down on Oil and Gas

Oil & Gas‚ Oil and Gas Industry | intent | January 6, 2025 | Comment off

The increase in new exploration projects reflects the growth in demand for natural gas from Norway, following the Russian invasion of Ukraine and subsequent sanctions on Russian oil. Norway is Western Europe’s largest oil and gas producer, with an output of more than 4 million bpd, and the government aims to continue increasing production for several decades.

READ MORE

The Global Electricity Price Divide: Who Pays the Most?

Oil & Gas‚ Oil and Gas Industry | intent | January 6, 2025 | Comment off

Electricity prices were a popular topic in global headlines in 2024. President-elect Donald Trump ran a campaign based on promises to slash energy prices for United States consumers. Ukraine is facing a brutal winter with punishing electricity costs on top of its already stressed and war-stricken economy. Europe is facing ever-higher rates of energy poverty and is desperately seeking solutions. But while problems surrounding energy prices are widespread, they are not exactly global.

READ MORE

Uranium Prices to Bottom Out and Rebound in 2025: What’s Driving the Outlook?

Oil & Gas‚ Oil and Gas Industry | intent | January 6, 2025 | Comment off

The factors outlined—ranging from AI’s energy demands and geopolitical disruptions to countries’ net-zero goals and nuclear policy shifts—suggest a strong long-term case for uranium demand and higher prices. While near-term uncertainties may create volatility, the resurgence of nuclear energy globally positions uranium as a critical commodity for the future. By mid-2025, a rebound to levels of $90–$100 per pound seems increasingly plausible.

READ MORE