Venezuela Remains The Oil Market's Biggest Known Unknown

  • 📰 OilandEnergy
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 68%

Business News News

Business Business Latest News,Business Business Headlines

Venezuela, with its huge crude reserves, has long been a major wild card in oil markets, and that remains the case today as its oil exports climb despite U.S. sanctions.

- Europe’s industry gas demand is set to remain 20% below 2021 levels this year despite much lower natural gas prices and relatively ample LNG imports, raising the risks of deindustrialization in the continent’s industrial heartland.

- Feedgas deliveries to Freeport plunged from 1.6 BCf per day in September to 0.27 BCf per day currently, with the decline reportedly…- Europe’s industry gas demand is set to20% below 2021 levels this year despite much lower natural gas prices and relatively ample LNG imports, raising the risks of deindustrialization in the continent’s industrial heartland.

- The last LNG tanker to depart from Freeport is Yiannis, sailing out from the terminal on September 8, whilst a build-up in unladen LNG carriers anchored around the area puts additional pressure on exports. - China’s coal-mining regions such as Shaanxi, Inner Mongolia, and Gansu have been the main laggards when it comes to reaching their 5-year plan targets, but it is expected that they will see a surge in installed capacity over the next 1-2 years, adding up to 20 GW.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 34. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

A Proposal That Could Rejuvenate Venezuela's Ailing Oil And Gas IndustryThe CRESCII proposal which invites Caribbean countries to invest in Venezuela’s oil industry is a win-win for Caracas and couple open the doors to more stable hydrocarbon supply
Source: OilandEnergy - 🏆 34. / 68 Read more »