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gas
Energy
U.S. crude oil production set for surge to 13.7 million barrels per day in 2025
New Permian wells delivering high output at 433,000 barrels per day
Economy
U.S. inflation slows to 2.9 percent, lowest in over 3 years
Fed rate cut likely as inflation continues to decline
Energy
Global gas demand forecast to grow 2.5 percent in 2024, driven by Asia: IEA
However, global demand growth is expected to fall below 2 percent year-over-year in the second half of 2024
Asia
China’s natural gas YoY consumption surges 11.9 percent to 143.73 billion cubic meters in January-April period
In April alone, consumption rose by 11.8 percent compared with the same period last year to total 35.46 billion cubic meters
Energy
U.S. refiners’ profits set to fall in Q1 of 2024, margins remain strong
Earnings to increase in the next two quarters as demand picks up during the summer driving season
Africa
Nigeria strikes gas supply deal with Shell for $3.8 billion methanol facility
Agreement addresses major obstacle to the project's final investment decision